In the current increasing interest rate environment, the debate about the controversial but nevertheless important benchmark has sparked off again. This is why, we thought it relevant to provide in the following article a refresher on the history and functioning of the London Interbank Offered Rate, as well as examine Read more…
For the first time after the diesel emissions scandal, Volkswagen is putting forward a new issue of Asset backed Securities collateralized by auto lease receivables. Volkswagen Financial Services first started moving off balance sheet its lease receivables in 1996, expanding the range of securitized assets to loan receivables in 2004. Read more…
Volkswagen AG; market cap (as of 25/09/15): €55.0bn Small Software, Big Turmoil Volkswagen, the second largest carmaker in the world, headquartered in Wolfsburg, Germany, is in the middle of one of the largest automotive scandals to date. The company was discovered cheating on the emission tests by installing software Read more…
Driven by strong growth in China, the announcement of QE in the Eurozone and a solid recovery in the US, the automotive sector experienced a remarkable rally since the beginning of the year to the end of June. The SXAP (STOXX Europe 600 Automobiles & Parts Index) expanded more than Read more…