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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…


Canadian Factoring Industry Volume Figures for 1999

Company Volume Factored in $ millions Percentage Increase from 1998 Percentage of Industry Total Volume Non Recourse Factors Accord Business Credit Inc 762 -1.2% 26.3% GMAC Commercial Credit Corp 740 -5.1% 25.6% Brome…


Businesses Voice Fears Over Interest Rate Rises

There are concerns that the recent interest rate rises in Australia will shatter levels of confidence, leading to a fall…


Prime Minister Warns Against Insularity

The Indian Prime Minister, Atal Behari Vajpayee, has told his party that “all of us should realise that globalisation is…


Interest Rate Rises

Interest rates in Australia have been raised for the fifth time in nine months. The new rate was set at…


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