BCR Latest News

Finance business, GMAC, shines as General Motors unveils Q4 income…

"General Motors Acceptance Corporation, or GMAC, achieved its eighth-consecutive year of earnings growth and fourth straight year of record earnings…


1.8bn baht sought for SMEs development

The Industrial Promotion Department plans to seek the National Economic and Social Development Board's approval for a budget of 1.8-billion…


Strong performance from commercial finance arm helps fuel GE earnings…

GE achieved a record $15.1 billion in earnings in 2002, a 7% increase over 2001, and, excluding progress collections, generated…


Analyses on credit insurance markets in the Netherlands, Italy and…

BCR has today added to its factorscan website four articles on private and public credit insurance markets in the Netherlands,…


Enterprise Finance Europe funds multi-million pound deal for worldwide agro-chemical…

Enterprise Finance Europe (EFE) has completed its largest deal to date - a Ј10 million re-financing package for United Phosphorous…


Fortis Commercial Finance appoints corporate manager for the Midlands

Fortis Commercial Finance Limited - part of the international Fortis Group, and a leading invoice finance provider across the UK…


Speciality lenders expect another hot year in asset based lending

Asset-based lenders expect loan demand to remain strong in 2003, after a year that saw business surge as corporate borrowers…


Sun Capital HealthCare provides factoring service to former NCFE client…

Sun Capital HealthCare, Inc. (SCH), a privately-held leading national financial services provider for the health care industry, entered into a…


Thai agencies plan May launch for program aimed at SMEs

Four state and private agencies have officially begun a cluster programme to help small and medium-sized enterprises strengthen their competitiveness…


Sterling Bancorp Schedules year-end 2002 earnings date and conference call

Sterling Bancorp, parent company of Sterling National Bank, today announced that the Company is scheduled to release year-end financial results…


UK SMEs confident in face of economy fears

Small firms in the UK are more confident about their prospects this year than are companies in other parts of…


Economists see economy picking up and interest rates growing

The U.S. economy will grow 3 per cent or more this year, followed by more robust growth next year as…


Forum aims to teach entrepreneurs how to stretch capital resources…

Entrepreneurs will have the opportunity to learn how to stretch their capital resources through alternative funding at the first Tech…


Lincolnshire County Council spearheads loan scheme for SMEs

Over the next 4 years Lincolnshire County Council will spearhead an innovative new loan scheme that will help give small…


Bay View announces sale of factoring businesses

Bay View Capital Corporation on Friday announced the sale of its two factoring businesses with approximately US$23 million in factoring…


Sweeping bank reforms aimed at boosting economic growth

Jing Shuping, once branded a "reactionary capitalist" in the Cultural Revolution and banished to a farm, was instrumental in persuading…


Latest Bank of England and European Central Bank decisions on…

THE BANK of England resisted calls for a cut in interest rates to offset signs of a slowdown in consumer…


Brightpoint Australia signs up to USD 29m asset-based credit facility…

Brightpoint, Inc. (NASDAQ:CELL) announced today that its Australian subsidiaries, Brightpoint Australia Pty Limited and Advanced Portable Technologies Pty Limited, entered…


Japan dangles cheap loans and credit insurance as bait for…

Japan is courting Russia to build a Siberia-to-Pacific pipeline, assuring the Russians the Japanese economy will have the capacity to…


CIT Commercial Services factoring relationship with fashion design house develops…

CIT Commercial Services, a unit of CIT Group Inc. (NYSE: CIT), today announced that it has provided a $56 million…


SITEL renews 3 year $50m credit facility against receivables on…

SITEL Corporation (NYSE: SWW), a leading global provider of outsourced customer support services, today announced it has closed a three-year…


Coface strengthens credit insurance presence through completed CNA Credit Acquisition

French credit insurer Coface said it has completed its acquisition of CNA Financial Corp.'s (NYSE:CNA) CNA Credit, a division of…


New survey indicates some key attributes of successful commercial financiers

CapitalStream and Northern Consulting announce the release of the 2003 Commercial and Equipment Finance Survey Report focusing on what banks…


UK business profitability levels fall sparking fear of more insolvencies

Profitability levels of private non-financial corporations in the UK, have fallen to their lowest levels since 1994, adding credence to…


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