BCR Latest News

EU Late Payments Legislation Due for Early Delivery

A European Commission Directive that gives businesses the right to claim interest on late payments will come into effect on…


Government Accepts Recommendations of Competition Commission re Supply of Banking…

The Government has accepted in full the findings and recommendations of the independent Competition Commission following its investigation into the…


Bank Indonesia Chief Convicted Following Scandal Involving Era Giat Prima…

After 14 months of prolonged trials, the Governor of Bank Indonesia, Sjahril Sabirin, was finally sentenced to three years in…


Year of Consolidation at Puts Alliance Trade Finance on Course…

Alliance Trade Finance, the speciality trade finance provider, today released their annual accounts for the year ended 31 July 2001.…


Late Payments Legislation Due for Early Delivery

A European Commission Directive that gives businesses the right to claim interest on late payments will come into effect on…


CIT Files Registration Statement for Distribution of CIT Shares to…

Tyco International Ltd. today announced that its financial services subsidiary, CIT Group Inc., filed a registration statement on Form 10…


Banking Industry Takes the Lead with Advice for SMEs

New research on projected borrowing patterns highlights need for better relationships between banks and SMEs The British Bankers' Association today…


Losses More than Double at Singer and Friedlander Factors

The accounts of Singer and Friedlander Factors Ltd for the year ended 31 December 2001 have today been released, showing…


HSBC Invoice Finance Records 10% Profit Increase

HSBC Invoice Finance (UK) ltd, the factoring and invoice discounting arm of HSBC, has today released its annual accounts for…


Barclays Research Shows Increasing Optimism for Start Ups in 2002

While business start-ups totalled 342,000 in 2001, down 15% on the previous year, the small business picture is not as…


Asta Funding Announces New Strategic Alliance

Asta Funding, Inc, a leading factor and consumer receivables asset management and liquidation company, today announced that it has formed…


Small Business Banking Code Aims to Stave Off Regulation

The British Bankers’ Association will launch a code of conduct today covering small businesses, pitching for improved self-regulation ahead of…


NMB Heller Record 11% Profit Increase

NMB- Heller Ltd have today released their annual accounts for the year ended 31 December 2001. Pre-taxation profits have risen…


CIT Increases Funding Capability

As part of its ongoing strategy to further strengthen its financial position and diversify its funding sources, CIT Group Inc.…


Bank of Ireland and Anglo Irish Bank to Merge?

It has been reported that Bank of Ireland could be merging with Anglo Irish Bank Corporation plc. The rumour has…


FDA Reports 16% Increase in Total Client Sales in 2001…

The Factors and Invoice Discounters Association, the trade body representing the interests of factors and invoice discounters operating within the…


Service Sector Recovery Continues as New Business and Activity Rise…

February’s survey provided further signs of recovery within the UK private sector services economy. The seasonally adjusted Business Activity Index…


Rumours Emerge of Impending Purchase of Banco Galicia

Rumours have surfaced on the business news service, Zephus.com, of the forthcoming acquisition of Argentina’s Banco Galicia. A prospective purchaser…


PMI Signals Tentative Manufacturing Growth for the First Time in…

The seasonally-adjusted Purchasing Managers’ Index (PMI- a composite indicator designed to an overall view of the manufacturing economy), signalled marginal…


Last Chance to Register for BCR Factoring Conference, Singapore

BCR’s Receivables Finance International Asia-Pacific has now attracted registrations from 14 nations which means that the conference, to be held…


Sterling Bancorp Announces Pricing of $22m Public Offering of Trust

Sterling Bancorp , parent company of Sterling National Bank, today announced the pricing of a $22 million public offering of…


Final Speakers for Eighth Annual Factoring Conference Selected

All speakers have been finalized for the 8th Annual Factoring Conference, 3 – 6 April 2002. This year’s conference will…


Competition Minister Accepts Undertakings on Lloyds TSB/Abbey National

Competition Minister Melanie Johnson has accepted undertakings from Lloyds TSB Group plc in relation to Abbey National plc. The undertakings…


Factors in Europe – Survive or Thrive?

At this year’s BCR Receivables Finance International Europe, the world’s foremost factoring visionaries and leaders will reveal what it will…


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