BCR Latest News

Eurofactor Enters the Thames Valley

Eurofactor (UK) Limited, backed by Credit Lyonnais and Euler (Europe’s largest credit insurance company), is launching a Thames Valley business,…


Venture Finance Offers Free Bad Debt Protection for SMEs

Invoice and asset-based finance specialists Venture Finance PLC last week launched a free bad debt protection service for small to…


CEO of GMAC Commercial Credit Dismissed

Mr. Joe Grimaldi, the chief executive officer of the USA’s second largest factoring company, GMAC Commercial Credit, has been dismissed…


Raft of New Bills, Including Factoring Legislation, is Deemed Crucial…

Delays in the Council of State's legal interpretations of pending economic bills, including a draft of the Public Enterprise Corporation…


BBVA Factoring Plans Expansion of Product Range

BBVA Factoring, the factoring arm of Spanish bank BBVA (and the Spanish industry’s largest player with a market share of…


Bibby Research Shows Confidence Growing Amongst British Exporters

Despite a high pound and international uncertainty, Britain’s export sector remains buoyant according to research from leading business finance providers…


Asta Funding Projects 40% Earnings Growth for 2001

Asta Funding Inc, a leading consumer receivables asset management and liquidation company which also factors commercial receivables, today announced that…


GE Completes $5.3 Billion Acquisition of Heller Financial

General Electric Capital Corporation (GE Capital), a diversified financial services company and subsidiary of the General Electric Company, today announced…


Hansabanka to Increase Share Capital

It was announced this week that Latvia’s third largest bank, Hansabanka, has received permission from the Finance and Capital Market…


Privatisation of Banca Comerciala Romana to Proceed at Cautious Pace

It was announced earlier in the month that Romanian authorities had approved the privatisation strategy of Romania’s largest bank, Banca…


Canbank Factors’ MD Attributes Good Performance to Portfolio Management

Canbank Factors expects to be on target for turnover and profits this fiscal year despite the slowdown. The projected turnover…


GE Capital's Acquisition of Heller Financial cleared by EU

The European Commission said it has cleared General Electric Co's General Electric Capital Corp unit Hawk Acquisition Corp's acquisition of…


Exim Director Claims War Could Benefit Indian Factoring Industry

A Finance Ministry official has commented that even though the attack on Afghansistan has not done the economy any good,…


Factoring Expected to Lead KBK Back to Profitability After Q3…

KBK Capital Corporation, which provides financial services to middle-market businesses, today reported its operating results for the third quarter and…


Profits Forecast for Dynamic Commercial Finance in 2002

Bear points Currently a relatively small player Yet to establish national coverage Bull points Well placed to grow its client…


Asta Funding, Inc.'s Board Authorizes Stock Repurchase Program

Asta Funding, Inc, the New Jersey-based financial services company, announced today that its board of directors has authorized the repurchase…


Alex Lawrie Factors Announces New Online Service to Improve SME…

Alex Lawrie Factors, the provider of factoring services and specialist division of Lloyds TSB Commercial Finance Ltd, has launched a…


Bibby Trade Finance Appoints New Regional Manager

Bibby Trade Finance has appointed Michael Andrew as regional manager responsible for sourcing and developing new business opportunities for Northern…


GTF Targets Export Factoring Business Worth $200m

Global Trade Finance Private Limited (GTF) is looking at doing export factoring of $200 million and forfaiting business of $20…


Man Sentenced for Selling Accounts Receivable of Fictitious Company

O’Rane Cornish, former controller of 6C/Dahcor Industries Inc, a Tennessee corporation, was sentenced for swindling two companies out of nearly…


Banks Hope for Rethink on Small Business Report

The Competition Commission has met several times since the September 11 attacks on the US to consider its recommendations for…


Japan Pushes for Radical Approach to End Bad Debt Woes

Japan's parliament is preparing legislation this week that will empower the Resolution and Collection Corporation (RCC) to purchase a larger…


CIT Group Accused of Running a Factors’ Monopoly

Donald Wiener, who runs the dress chain Dresses For Less, is suing CIT Group and other accomplices, accusing them of…


Berkshire Hathaway Drops Finova Offer

Warren Buffet’s Berkshire Hathaway Inc dropped its offer for $500m in notes from Finova Group Inc. Berkshire could end the…


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