Have Industry Mergers and Consolidations Damaged the Factoring Industry?
Consolidation among companies that provide finance for small businesses is making it harder for companies to get cash, reports the Wall Street Journal.
Consolidation among companies that provide finance for small businesses is making it harder for companies to get cash, reports the Wall Street Journal.
Alliance & Leicester is trying to put together a joint venture with an invoice discounting and factoring supplier to offer a full range of business banking services, although further details on who is round the discussion table are currently not a
Potential Finance Group plc, which was recently established to provide factoring & invoice discounting services to small and medium sized businesses, based in the United Kingdom, is to be floated on AIM (Alternative Investment Market) on 4 August
According to Jeff Liu, Senior Vice President of the Chailease Finance Corporation, several banks are currently urging the Ministry of Finance to allow them to provide an import factoring service.
Underlining an ongoing trend in Taiwanese banking, Dah An Commercial Bank have entered into a co-operative arrangement with the Chailease Finance Corporation.
From August 2000, clients of the Chailease Finance Corporation, Taiwan’s largest international factor, will be able to access their accounts on line.
Key figures from Magyar Annual Report(HUF million) 1999
The Bermuda based Bank of NT Butterfield & Son have made Ј60 million from an MBO of the Manchester based Davenport Group. The successful management team of four is headed by Colin Davenport.
Bank lending in Thailand declined 18.7 percent, or 820 billion baht, compared with last year's first half, said Thai Farmers Research Center (TFRC).