BCR Latest News

Government White Paper Aims to Save Small Businesses’ Money

New proposals to cut red tape and save small business around Ј170 million a year were unveiled last week with…


Euroges Enjoy Successful First Half

Euroges, Banco Espirito Santo Group’s factoring division has enjoyed a successful first half this year. The company’s results show that…


FDA Speaks out about Enterprise Bill

The Department of Trade and Industry’s Enterprise Bill was published in March this year. It came at a time when…


Profit rises at UniCredit Factoring

Unicredit Factoring, the Italian company which is part of banking group UniCredito, closed the first half of 2002 with a…


Regal Duo Face Fraud Charges over Suspected False Factoring Transactions

Two former company directors suspected of duping 160 investors out of up to Ј3million appeared yesterday before Belfast magistrates, charged…


Accord Financial Group Announces Second Quarter and First Half Results

Accord financial Group yesterday announced results for the three months and six months ended 30 June 2002.  Three months ended…


CIT Group Announces Quarterly Results

CIT Group Inc. reported its results on Tuesday for the quarter ended June 30, 2002. Net loss for the quarter…


More Appointments at Bibby

Bibby Financial Services has announced a further four new appointments for its subsidiary factoring and trade finance service companies: Bibby…


CIT Group Inc to Announce Quarterly Earnings

CIT Group Inc. will be issuing its financial results for the quarter ended 30 June 2002, before the market opens…


Businesses Can Claim Compensation on Debt Collection Costs

As of 7 August 2002, businesses owners and managers will be entitled to seek financial compensation for the inconvenience of…


CIT Group Holding its own After Initial Public Offering

CIT Group Inc. has been mostly well received on Wall Street since the troubled industrial conglomerate Tyco International Ltd. spun…


New Appointment at Wells Fargo Business Credit Inc.

The Factoring Group at Wells Fargo Business Credit Inc. added Lisa M. Romero as assistant vice president and business development…


Draft Policy on SMEs a Welcome Development

The Secretary for Industry and International Trade, Mr Stuart Comberbach, has announced that the draft policy on small and medium-scale…


Pretrial Activity on Lawsuit against Regions Bank and Southwest Financial

Attorneys for Regions Bank won a pretrial battle Tuesday in a lawsuit brought by two Texarkana health professionals who claim…


Secretary for Commerce Floats SME Subsidy Idea

The Hong Kong Government could consider investing in small and medium enterprises (SMEs) to help boost overall industry performance, Secretary…


Complaints Against Debt Collectors Reach All Time Low

In the last decade there have been fewer complaints against debt collectors than ever before, evidence that the debt collection…


Dynamic Commercial Finance Release First Annual Results since Flotation

Dynamic Commercial Finance (DCF) has released its first annual results since its flotation on the Alternative Investment Market (AIM) in…


Government Helps SMEs Access Euro Billions of EU Funds

Small businesses wanting to tap into European funding opportunities will be given a helping hand today when the Small Business…


Natexis Acquisition of Coface cleared by EU

The European Commission said it cleared under EU merger regulation the acquisition by Natexis Banques Populaires of control of Compagnie…


CIT Group’s IPO Raises Disappointing US$4.6 Billion

Tyco International Ltd. raised a disappointing US$4.6 billion in the initial public offering for its finance unit, CIT Group Inc.,…


CIT Shares Fall After Initial Public Offering Launch

Shares of CIT Group Inc. fell 4% Tuesday, a day after Tyco International Ltd. spun off the finance unit to…


US$250 million Shot in the Arm for Small and Medium…

The Zimbabwean Ministry of Industry and International Trade last Monday released US$250 million for disbursement to small and medium scale…


Tyco to proceed with CIT Initial Public Stock Offering

Tyco International Ltd. has decided against selling its lending division and will instead spin it off in an initial public…


New Chairman at Factorem

Gils Berrous has been appointed chairman of the management board of Factorem, the factoring subsidiary of French banking group Natexis…


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