Finance is the Biggest Sector Once Again
and Citigroup Inc. (C) The Panhandle Wind Project, about 30 miles (48 kilometers) east of Amarillo, will use 118 GE turbines and is expected to be complete in August 2014, San Francisco-based Pattern said today in a statement. Terms werent disclosed. A Citigroup unit, Citigroup Energy, will buy the power under a long-term agreement. To contact the reporter on this story: Christopher Martin in New York at firstname.lastname@example.org To contact the editor responsible for this story: Reed Landberg at email@example.com More News:
Global and China Automotive Finance Industry Report, 2013
According to Zacks Director of Research Sheraz Mian in his weekly Earnings Outlook article, total earnings for the Finance sector in Q2 are up an impressive +30% year-over-year. But excluding Finance, total earnings for the rest of the S&P 500 companies would be down -2.8%. So why were earnings in the Finance sector so hot? These two charts will tell you pretty much everything you need to know: (Improving credit quality is a good thing, but as a bank, I’d rather have strong loan growth and net interest margin expansion boosting my bottom line than simply taking a lower provision for loan losses… but I digress.) Mr.
In June 2012, Daimler Financial Services Group set up Mercedes-Benz Leasing Co., Ltd. in China to carry out rental and leasing business. BMW Automotive Finance (China) Co., Ltd., established in 2010, is a joint venture of Germany’s BMW AG (58%) and BMW Brilliance Automotive Ltd. (42%).