4 days ago
Crisis in UK’s Motor Finance and Ukraine’s $750M Rebuilding Boost
Explore the unfolding crisis in Britain's motor finance industry as banks brace for billions in payouts following a landmark court ruling. Meanwhile, Ukraine secures $750 million in agreements with the World Bank to aid its economic recovery. Plus, delve into the $15.8 billion merger creating the largest software-focused BDC, and the audit delays plaguing local governments due to resource constraints. This episode highlights significant financial shifts and challenges impacting global markets and governance.
Sources:
https://www.cnbc.com/2024/11/14/uk-car-finance-industry-in-crisis-with-banks-bracing-for-mega-payouts.html
https://www.ukrinform.net/rubric-vidbudova/3926780-rebuilding-ukraine-ministry-of-finance-signs-usd750m-agreements-with-world-bank.html
https://www.stocktitan.net/news/OWL/blue-owl-technology-finance-corp-and-blue-owl-technology-finance-riwze1wuknyh.html
https://www.newsandstar.co.uk/news/24719835.audit-carlisle-accounts-delayed-finance-team-under-resourced/?ref=yahoo
Outline:
(00:00:00) Introduction
(00:00:47) Britain's motor finance industry is in crisis – with banks bracing for billions in payouts
(00:03:55) Rebuilding Ukraine: Ministry of Finance signs USD 750M agreements with World Bank
(00:06:55) Blue Owl Tech Finance Corps Announce $15.8B Merger to Create Largest Software BDC
(00:10:21) Audit delayed as under-resourced finance team faces major backlog