Global Banking Directory
Press Release Distribution Service
Add Bank | Banking Forum | Scam emails!
Open Banking 2019: A Canadian Lens
BanksDaily Twitter BanksDaily FaceBook BanksDaily LinkedIn

Financial and Banking News

Investec launches lending service for stars

Investec, the UK private bank, has launched a specialist lending service for sports, music and entertainment celebrities. The loans will be borrowed against a range of assets belonging to the stars. Typically, loans are in excess of £2m and structured around future rights to cash flows.

Over the past five years, Investec has provided loans worth around £250m to a number of sporting corporations, including Premiership football and rugby clubs. Off the back of this Investec started the specialist lending facility to individual stars, and has already lent £30m.

The bank said the recent upsurge in demand for specialist lending facilities is partly because an increasing number of sports and entertainment stars are looking at ways to broaden their portfolios, but do not have readily available assets to use.

Jason Traub, sports and entertainment adviser at Investec said: "Leading sportsmen and entertainers are increasingly regarded as global brands, but despite reliable receivables are often unable to raise funds to invest in business activities or broaden their investment portfolios. In addition to top sports clubs looking to raise additional finance, we've lent to a number of well-known sports individuals and entertainers on an ad hoc basis. This new service will focus on these stars. We have an excellent understanding of the covenants required for this type of lending and believe that this will be a major growth area for us over the next 12 months and beyond."

Source: Financial News
Date: 05.09.2008 [188]

Financial and Banking News
 Trump blasts Bitcoin, Libra, demands they face banking regulations

U.S. President Donald Trump on Thursday criticized Bitcoin, Facebook's proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to U.S. and global regulations if they wanted to "become a bank." 11.07.2019 | Source: Reuters

 25th World Islamic Banking Conference announces 4th series of WIBC Leaderboard

Top performing Islamic Financial Institutions from Bahrain, Egypt, Indonesia, Jordan, Kuwait, Malaysia, Oman, Pakistan, Turkey, UAE and Saudi Arabia are vying for the WIBC Awards recognizing the Best Performing Banks at the Global and Regional level. 28.10.2018 | Source: MEGA

 Financial technologies are need of the hour for Banks in India

The Indian FinTech space is expected to reach $2.4 billion by 2020 and 2018 will be a critical year in that journey because 52 % of India's digitally active consumers are adopting FinTech and are the driving force for new technology adoptions. 02.03.2018 | Source: Explore Exhibitions and Conference

 📰 News Archive

2019 © Global Bank Directory