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The Bank of CAT

The Bank of CAT

It would appear that banks are no longer required to finance company or individual spending on industrial hardware. One of the most successful divisions of industrial behemoth Caterpillar is now its financing arm, which borrows money from banks and investors to loan out to customers at a higher rate — a lucrative business. ¬†Caterpillar finance division income statement 2013 2012 Change¬† Total revenues $680 $668 1.80% Total expenses $490 $499 -1.80% Profit $141 $120 17.50% Margin 20.7% 18.0% 15.43% Figures…

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