BCR Latest News

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…


New Member for Factoring and Discounters Association

Independent Growth Finance (IGF) is the latest member of the Factors and Discounters Association after rapidly establishing itself since its…


First National Business Finance Re-brands

Areas of First National Business Finance will now be re-branded Abbey National business. Invoice Finance which incorporates invoice discounting and…


TEB’s Factoring Assets Decreased by More than Half in 2001

The Turk Ekonomi Bankas group has released its consolidated balance sheet for the year ended 31 December 2001. The statement…


CIT Group’s Chief Executive Speaks Out

CIT Group Inc.’s chief executive Albert Gamper, pitching the company's planned US$5.8 billion stock offering, says Tyco International Ltd.'s ownership…


Siam General Factoring Praised by Thai Securities and Exchange Commission

The Thai Securities and Exchange Commission yesterday praised 15 companies for providing management discussion and analysis (MD&A) to investors as…


Former Tyco International Director Frank Walsh Comments on Litigation Filed…

Tyco’s former International Director, Frank Walsh commented on Monday about the litigation filed by Tyco’s board of Directors. He said:…


NMB-Heller Funds ATL Telecom MBI

It was leading structured finance provider NMB-Heller’s ability to see beyond the recent storm of negative publicity surrounding the future…


First-Quarter FDA Figures Show Significant Growth in Larger Companies Using…

The latest FDA figures find more businesses are turning to invoice discounting to assist their export drive into Europe. While…


Dominique Charpentier Joins Gerling NCM

Dominique Charpentier is joining Gerling NCM Credit and Finance. He will take over as Chief Executive Officer of Groupe Etoile,…


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