BCR Latest News

FSB Scotland Says Government Must do Better on Late Payment…

FEDERATION of Small Business Scotland on Sunday criticised the government's attempts to improve the "late payment culture", branding legislation which…


East European Factoring Association 2nd Annual conference

East European Factoring Association 2nd Annual conference New factoring markets: trends and opportunities 28-30 August,2002, Corinthia Nevskij Palace Hotel, Saint…


CIT Sale Delayed as Tyco Experiences Legal Problems

Tyco said the sale of its CIT finance unit could be delayed a week. The company had promised to complete…


BA-Creditanstalt-Leasing Poland is to merge with Bankowe Towarzystwo Leasingowe SA…

BA-Creditanstalt-Leasing Poland, a financial leasing services company is to merge with Bankowe Towarzystwo Leasingowe SA, a leasing services company and…


iBX Group Announces National Strategic Alliance With Sun Capital Healthcare

iBX Group, Inc., a publicly held Florida corporation, on Wednesday announced the establishment of a national strategic alliance with Sun…


Bay View Announces Sale of Factoring Unit

Bay View Capital Corporation announced yesterday the sale of its San Mateo-based factoring business with approximately US$25 million in factoring…


Five Arrows Record Seven-fold Increase in Profit for the Year…

Five Arrows Commercial Finance Limited enjoyed a seven-fold increase in profit for the year ended 31 March 2001. Profit before…


FDA’s Quarterly Statistics Show 15% Increase in Total Factored Volume

The Factors and Discounters Association (FDA), the trade body representing factors and invoice discounters in the UK, has released the…


Bibby Launches Guide to Coping with an Economic Downturn

Leading business finance firm Bibby Financial Services launched a free guide last week to help business owners trade through a…


Asta Funding Acquires US$490 Million of Distressed Consumer Receivables

Asta Funding, Inc., a leading consumer receivables asset management and liquidation company, today announced that the company has acquired three…


Unicredito Italiano SpA is to Buy 50% Stake in Koз…

Unicredito Italiano SpA said it has reached an agreement to buy a 50% stake in Koз Financial Services, a unit…


FDA Report Growth in Larger Companies using Invoice Finance

More businesses are turning to invoice discounting to assist their export drive into Europe finds the latest Factors & Discounters…


Euro Sales Finance Gains Membership of FDA

Euro Sales Finance (Euro Sales), a specialist provider of invoice discounting and factoring services, has gained membership of the Factors…


Tyco to Go Ahead with CIT IPO after Lehman Pulled…

Tyco International Ltd will go ahead with an Initial Public Offering of its financial services unit CIT Group after talks…


Firms Will have Right to Levy up to Ј100 for…

Small Business Minister Nigel Griffiths today announced a new package of measures to help combat late payment of bills -…


UK Exporters Look Forward to new Late Payment Protection

Research carried out by the Credit Management Research Centre (CMRC), a member of the Better Payment Practice Group, has highlighted…


Eurofactor (UK) Reports Substantial Increase in Profit for 2001

Eurofactor (UK) Ltd have recorded a substantial increase in profit in their accounts for the year ended 31 December 2001.…


Lehman Bid for CIT Group and then Withdraw

Lehman Brothers Holdings, an adviser to Tyco International, bid about US$5 billion for Tyco's CIT finance unit but then appeared…


Back Office Support Services Limited’s Abbreviated Financial Statements Show Substantial…

Back Office Support Services Limited, a financial company that offers independent and professional business support to the recruitment industry and…


Accord Financial Corp. Announces New Customer Referral Agreement with Scotiabank

Accord Financial Corp. announced yesterday that its factoring subsidiary Montcap Financial Corp. has entered into a customer referral program with…


The Central Factors and Sanwa Business Credit to Merge

The Central Factors Limited and Sanwa Business Credit Co., Limited, announced that they are to merge. The completion date is…


Tyco's Annual Plan Hinges on Sale of CIT Group

In a quarterly regulatory filing and a conference call last Thursday the battered Bermuda-based conglomerate made clear that much of…


Industrial Bank of Taiwan Announce Launch of Factoring Service

The Industrial Bank of Taiwan, (IBT), announced yesterday that it is to provide a factoring service. Officially founded on July…


Bank of England Releases Quarterly Report on Small Business Statistics

The Bank of England has published their ninth quarterly report on small business statistics. The survey evidence in the report…


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