RBS Provides ABL Facility for bathstore

UK-based bathroom retailer bathstore secured a funding deal with the Royal Bank of Scotland’s Asset-Based Lending team.

RBS Supports Bokomo Foods’ Acquisition of Streamfoods

The Royal Bank of Scotland provided UK-based breakfast cereal manufacturer Bokomo Foods with an asset-based lending facility to support its acquisition of Streamfoods.

RBS Upsizes Haydock Finance Facilities to £37.5MM

Haydock Finance increased its funding facilities with the Royal Bank of Scotland and the bank’s asset finance partner Lombard to £37.5 million ($49.5 million).

RBS Provides $3.62MM ABL Facility to MS Distribution

MS Distribution secured a £2.75 million ($3.62 million) asset-based lending funding facility from Royal Bank of Scotland’s Asset-Based Lending team.

Seven Banks to Pay $324MM in Rate Rigging Case

Seven of the world’s biggest banks have agreed to pay $324 million to settle claims they conspired to rig an interest rate benchmark used in the derivatives market. ABF Journal illustrator Jerry Gonzalez envisions the judgement day.

WSJ: Big Banks Lose Nearly Half a Trillion Dollars in 2016

The Wall Street Journal reported that 20 of the world’s biggest banks have lost 25% of their aggregate market value — approximately $465 billion — according to data from FactSet.

Seven Banks to Pay $324MM in Rate Rigging Case

Bloomberg reported seven banks have agreed to pay $324 million to settle claims they conspired to rig an interest rate benchmark used in the derivatives market.

RBS Taps Purdy as UK Head of Asset-Based Lending

RBS Invoice Finance appointed Melinda Purdy head of Asset-Based Lending for the UK.

RBS Provides Amicus Commercial Finance ABL Facility

Amicus Commercial Finance secured an asset based lending facility from Royal Bank of Scotland’s Asset Based Lending team to support the new start up’s entry into the SME finance market.

AnaCap Financial Completes Acquisition of Two NPL Portfolios

AnaCap Financial completed the acquisition of two ABS portfolios of Italian non-performing loans with a face value of more than $2.2 billion. The portfolios were majority owned by GE Capital RE and Royal Bank of Scotland.