BCR Latest News

DTI Records Increase in Corporate Insolvencies in Q2 2001

Statistics showing insolvencies in the second quarter 2001 are published today by the Department of Trade and Industry. Company Insolvencies…


Eurofactor Contributes to Growth of Euler Group

The credit insurer and provider of other diverse financial and management services, Euler group, has recorded a rise of 15%…


New Rules for Mutual Trust Funds Could Have Implications for…

The Ministry of Finance announced on 1 August a set of draft rules governing the management of mutual trust funds,…


Factofrance Heller Bought by GE Capital

The leading French factoring specialist, Factofrance Heller, has become part of GE Capital, the financial arm of General Electric, following…


Fourth Person Charged in Versailles Alleged Fraud

A fourth person was charged yesterday by the Serious Fraud Office in connection with the collapse of Versailles, the trade…


Former Versailles Executives Charged

Following their surrender today at Charing Cross Police Station, Carl Cushnie, the former Chairman and Chief Executive of Versailles, and…


City Invoice Finance Break into the Profit Zone

The annual accounts for the factoring company City Invoice Finance Ltd for the year ended 31 December 2000 record that…


Accord Financial Corp Announce Second Quarter and First Half Results

The Toronto-based Accord Financial Corp (which through its subsidiaries in Canada and the United States, provides asset-based financial services to…


KBK Capital Corporation Plans to Boost its Factoring Portfolio After…

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


French Factoring Market is Still Very Concentrated

There are very few factoring companies in France (25 at the end of 2000), and the five main players in…


Taiwan's Bank Sinopac launches MMAb2b.com to Provide Factoring Service for…

Taiwan-based Bank Sinopac launched a website--MMAb2b.com to provide factoring service for enterprises in August 2000. Bank Sinopac has recorded a…


Bidders Emerge For Euro Sales Finance

Euro Sales Finance, the invoice and factoring group that issued a profit warning back in April, has come into play…


Maybank Develops All-In-One Finance Package

MAYBANK Group has come up with an all-in-one financing package for industrialists requiring financing from scratch for their businesses. The…


Bay View Capital CEO Outlines Strategy at Annual Shareholders' Meeting

CEO of Bay View Capital Corporation (based in the San Francisco Bay area) outlined the company's strategy for building shareholder…


ZBD Financial Services Profit Up 177%

Although it had a net loss under current cost accounting, ZDB Financial Services saw its net profit increase by 177%…


Prompt Payment not a Priority

League tables for over 4,000 companies published by the Federation of Small Businesses (FSB), a member of the Better Payment…


SFO Reports Case of Alleged Defrauders of International Factors Completed

The Serious Fraud Office has released its annual report which this year records the completion of the case against David…


Taiwan's Banks to Provide T$1.5bn in Lines of Credit to…

Taiwan's Small and medium Business Credit Guarantee Fund (SMBCGF) reported yesterday that a number of banks are to start providing…


Nikoil Says it Will Remain Leader on Russia's Factoring Market

Investment and banking group Nikoil plans to retain its position as the leader on Russia's market in factoring operations. Nikoil’s…


WestLB and Exim Team up to Provide Customised Factoring and…

Westdeutsche Landesbank Girozentrale (WestLB), Germany and Export-Import Bank of India (Exim Bank) have joined forces to form a joint venture…


Three Move to Ashley

Ashley Commercial Finance this month has gained three new experienced members of staff. Elaine Ireland has been appointed to the…


RBS Commercial Services to Offer Enhanced SME Service

The Royal Bank of Scotland Commercial Services is offering faster and easier access to its services in the form of…


eCredit Offers Fully Automated Payment Method in B2B Web Market

eCredit, a finance company which provides traditional finance products adapted for e-commerce, has a new on line invoice factoring service…


IFG’s AGM Sees New Chairman Elected

During IFG'S AGM held in Vancouver in May, Mr. Dominique Charpentier, CEO of Eurofactors was elected new Chairman of the…


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