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Europe’s carmakers are competing with retail banks for deposits

Bond yields have risen to 4.23%

Bloomberg News

Some of Europe’s biggest carmakers are looking more and more like retail banks. Renault, Volkswagen and BMW are among those making a push into the business of taking customer deposits. They say it’s a cheaper way to finance car leasing after an unprecedented rise in interest rates made corporate bond issuance — the primary means […]

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