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Westpac sells asset finance business

Westpac sells asset finance business subscribe A A The big four bank has confirmed its sale of its motor vehicle dealer finance and novated leasing businesses to a non-bank asset finance lender. Westpac has confirmed that it will sell its motor vehicle dealer finance and novated leasing businesses to Angle Finance, a portfolio company of Cerberus Capital Management. Westpac’s Auto Finance businesses comprises retail auto loans originated through more than 250 auto dealer groups, strategic alliance agreements with three major vehicle manufacturers, wholesale dealer loans provided to dealers in the form of bailment and other facilities and a novated leasing business

Banks offer relief to Sydneysiders

Banks offer relief to Sydneysiders
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