BCR Latest News

DnB to Merge Factoring and Leasing Operations.

It has been announced that DnB, Norway’s largest bank, intend to merge their factoring and leasing subsidiaries, DnB Factoring AS…


Possible Bank of America Commercial Finance Sale

An announcement of the sale of the US division of Bank of America Commercial Finance is expected next week. It…


FCI and IFG to Merge

It was revealed to factorscan today that Factors Chain International and International Factors Group are to merge. Details of the…


Asta Funding to Use Record Earnings to Develop Factoring Operations

The New Jersey based consumer receivables and management company Asta Funding Inc. has today reported results for its fiscal year…


Mizuho Banks Report Six Month Figures

The three banks which created the new “superbank” Mizuho in September have reported mixed half-year earnings. Dai-Ichi Kangyo Bank, Fuji…


Players Line Up in Contest to Win Komercni Banka

The Czech Republic’s third largest banking group, Komercni Banka is poised for privatisation and big players across Europe are lining…


Royal Bank Invoice Finance and Lombard Natwest Commercial Services Merge

The invoice finance arms of The Royal Bank of Scotland and NatWest Bank are to merge. From 1 January 2001…


Wilde and Partners to Change Name

At the law firm Wilde & Partners’ Christmas reception on 24 November a new logo and brand identity was announced.…


WStore UK to use services of Eurosales Finance

It has been announced today that Euro Sales Finance will be providing growth capital for one of the leading online…


Natwest to Offer Small Businesses Overdrafts Not Repayable on Demand.

Natwest has become the first major bank in the UK to offer small business customers an overdraft facility which is…


Bank of England Publishes Report on Finance for Small Businesses…

The Bank of England has today released a report on finance for small businesses in deprived communities. This report is…


Finantra to Discard Factoring Operations

The financial services group Finantra yesterday announced that it would discontinue a number of its operations including factoring, medical billing,…


Argent Commercial Services Limited’s Annual Accounts Released

Argent Commercial Services Limited today released their annual accounts for the year ended 31 December 1999. Turnover has risen by…


Reedham Factors Limited’s Annual Accounts Released

Reedham Factors Limited today released their annual accounts for the year ended 31 December 1999. Turnover has risen by 8.68%…


1999 Net Gain in VAT Registrations Indicates Growth in UK…

The Department of Trade and Industry regards VAT registration figures as the best official guide to the pattern of business…


GE Reports Record Third Quarter Results

General Electric, the US based conglomerate, recorded third quarter 2000 earnings of $3.18 billion, a record for the quarter and…


Fortis to Acquire Netherlands Based ASR

Fortis, the Belgian/Dutch financial services company, has made a €4.1 billion ($3.6 billion) bid for the Netherlands based insurance company…


UK Government Proposes Easier Approach to Business Failures

As part of its desire to create and develop a more business friendly culture the UK Department of Trade and…


Cross-Border Insolvency Initiative Supported by International Institutions

Insol, the body which represents insolvency professionals internationally, has launched a project intended to allow potentially viable businesses to survive…


Leading Cypriot Factor Bank of Cyprus Raises Capital on Athens…

In January 2001 Greece will join the euro-zone and the Athens stock exchange will begin to develop and move away…


UK Company Insolvencies Up by 9% in Third Quarter of…

In the July - September 2000 quarter company insolvencies in England and Wales reached 3,776 on a seasonally adjusted basis.…


Creation of Mizuho Banking Group May Result in Merger of…

At the end of September 2000 Mizuho Holdings Inc, the holding company for the newly formed Mizuho Financial Group, was…


Bill Introduced Concerning “Factoring” of Payments to Victims of Injury

A new federal bill, The Structured Settlement Act (HR 5421), was introduced on 6 October 2000. This legislation is intended…


WStore UK to use the Services of Euro Sales Finance

It has been announced today that Euro Sales Finance will be providing growth capital for one of the leading online…


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