The Rating Outlook for the U.S. commercial finance and leasing sector remains Negative, according to Fitch Ratings. Since Jan. 1, 2001, Fitch has taken 31 rating actions, including lowering ratings 27 times for 16 issuers. During this period, four issuers had their ratings raised with only the iStar Financial Corp. action based on improved company fundamentals. The last 30 months, beginning with the problems announced by FINOVA Capital Corp., have been one of the most tumultuous periods ever for the commercial finance and leasing sector. During this period, not only did some of the largest issuer bankruptcies in the sector occur, FINOVA and Comdisco, Inc., but many industry constituents pondered the viability of the publicly-owned independent finance company business model, Fitch added.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.