BCR Latest News

Merchants Bank of California Announce Record Quarterly Earnings

Merchants Bank of California (which specializes in trade finance, factoring and ‘check cashing’) has reported record earnings for the second…


Latest FDA Figures Show Volume and Funds Provided Continue to…

The Factors & Discounters Association has announced figures for the half year ended 30 June 2000. The figures show a…


CIT Team Up With TextilEdge

CIT Commercial Services, the largest provider of factoring services in the USA, today announced an arrangement with TextilEdge, a leading…


Light at the End of the Tunnel for Thailand’s Banks

Since the economic crash of three years ago, Thailand’s banks have been enmeshed in a web of bad debts generated…


CIT Group Financial Results

The CIT Group today announced a record net income of $151.4 million for the second quarter of 2000. This represents…


Fears for Continued Economic Growth in Malaysia

Although the rate of economic growth in Malaysia is one of the fastest in the south east Asian region and…


CIT Announces Alliance with E-Commerce Company, TradeOut

The USA’s largest provider of factoring services, CIT Commercial Services, have today announced an alliance with TradeOut, a global internet…


Small and Medium Enterprise Statistics for the UK, 1999

The Department of Trade and Industry has today announced its SME statistics for 1999. Their findings include the following results:…


Capital.com Find Providers in a Host of Factors

Go to www.capital.com and you will find an on-line business finance marketplace in which premier financing sources compete to provide…


Quarterly Corporate Insolvency Figures

The Department of Trade and Industry have today released the corporate insolvency figures for the second quarter of 2000. The…


Substantial Increase in Corporate Bankruptcy in Japan

In July Japanese corporate bankruptcies rose 21% year on year to 1,617. Total debts owed by bankrupt firms tripled to…


New Head of Factoring Division for Heritage Bank of Commerce

The Heritage Bank of Commerce have today announced that Sherry Crowley has been made Vice President and Business Development Officer…


Record Profit for Den norske Bank

DnB, Norway’s biggest bank and parent company of Norway’s largest factoring company, DnB Factoring AS, has announced a record 30%…


Online SME Support Service Opens Today

Clearly Business, a joint e-venture between Freeserve and Barclays Bank has been launched today. The website is planned as an…


Nomura to Force Fortis’ Hand

The European financial group Fortis is currently in contention with the Japanese investment bank Nomura. The bone of that contention…


Interest Rates Rise For First Time in Ten Years

On Friday, the governor of the Bank of Japan, Masaru Hayami, persuaded the bank’s policy board to raise rates from…


New Player Enters Chilean Market

As part of a large expansion programme, Chile’s Banco de A. Edwards announced yesterday that it had opened a factoring…


CIT Commercial Services Forms Alliance with Cyber Merchants Exchange

The US’s largest provider of factoring services, CIT Commercial Services, has announced that it will form a strategic alliance with…


Finova to Sell Commercial Service Group to GMAC

The Finova Group has today announced that it has signed an agreement to sell its commercial services business (which provides…


Politicians Weaken Their Opposition to Interest Rate Rise

Hiromu Nonaka, the Secretary General of Japan’s ruling Liberal Democratic Party has made an announcement regarding future changes in the…


Revolutionary Tax Reforms to Sweep Germany

German Chancellor Gerhard Schrцder, referring to his country’s reputation for high taxes and low growth, has declared that “The German…


Rate of Growth in US Slows

The Federal Reserve’s latest survey on regional economic conditions indicates that the rate of growth in the US has slowed…


Venture Capitalists Remain Optimistic

US venture capital financing has slowed slightly in the second quarter, but still remains at record levels of about US$1bn…


Potential Impact of Change in SEC Disclosure Rules

A new rule is proposed by the US Securities and Exchange Commission to stop companies giving favoured analysts and investors…


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