BCR Latest News

Miami factoring scam – four plead guilty

Four men pleaded guilty to defrauding a Portuguese bank branch of US$170m through a sophisticated conspiracy that lasted nearly a…


Singapore bank lacks factoring presence, despite BoA buy – analysts

The 22bn baht purchase of an 80 per cent stake in the Bank of Asia by United Overseas Bank (UOB),…


Chief executive of UK factor resigns ahead of interim results

Potential Finance Group plc, the UK finance company, says the benefits of a recent restructuring of operations first outlined last…


Equifax launches web-based debt and fraud tool for SMEs

Equifax Plc, the business information provider, has launched eDecision, an online credit application processing and scoring solution aimed at providing…


Over a third of SMEs paid same invoice twice –…

Many small businesses are throwing money down the drain by accidentally paying bills twice, with some companies losing up to…


Business failures fall to a six-year low

The number of businesses going bust is set to fall to a six-year low by the end of 2005 as…


UK asset finance volumes set to outstrip US, Germany

The use of equipment investment and leasing is predicted to grow in the US, the UK and Germany in 2004,…


Small businesses to benefit from Sh2.7bn funding

Kenya's fast growing small- and medium-sized enterprises are to receive a crucial boost from World Bank restructuring funding to the…


Chinese exporters urged to increase credit insurance cover

Chinese exporters of farm produce were urged today (May 12) to have their US$16bn worth of agricultural products covered by…


GE on verge of $2bn deal for rival’s commercial finance…

GE is close to buying the commercial finance portfolio of Boeing Capital Corporation for about $2bn. The disposal of the…


Merrill Lynch vows to grow SME loan provision

Merrill Lynch, the largest US securities firm in terms of number of stockbrokers, is hiring salespeople to make loans to…


Small business optimism gains in April

US small businesses grew more optimistic last month as the future of the economy appeared brighter and earnings improved amid…


Thailand’s SMEs share resources, target increased competitiveness

A group of small- and medium-sized enterprises (SMEs) has formed an alliance to pool resources and share strengths in order…


Turkish factoring company sells majority stake

Strategic Internet Investments, the Canadian investment company, is to purchase a 51 per cent controlling interest in Turkish factoring company,…


Software firm renews euros7.5m factoring contract with Fortis Commercial Finance

US software firm PFSweb has renewed a series of senior debt agreements, which include a factoring facility, with Fortis Commercial…


UK commercial finance firm shines

A key moment for any company is its move into profitability, a milestone that Dynamic Commercial Finance, the UK financier,…


Ex-GE Capital manager heads new Midlands finance unit

Enterprise Finance Europe (EFE), the asset-based lending solutions group, is expanding with a new office in Birmingham. Coming up to…


Three new SME schemes launched in Malta

The Malta Enterprise Corporation (MEC) yesterday announced three new enterprise schemes to support small-and medium-sized enterprises (SMEs). The schemes, announced…


Australia’s small businesses feel the heat

Unfair practices by big business, an increasingly difficult regulatory environment, and an exodus of retiring small-business owners are some of…


SME finance options improve – BoE report

The financial environment for small businesses has improved sharply over the past decade, with a wide range of financial options…


SMEs optimistic but fear further rate rises

Nearly seven out of 10 (69%) of businesses surveyed in the latest report from the Tenon Forum said that they…


New banking regulation harsh on India’s SME sector

THE Madurai District Tiny and Small Scale Industries Association (Maditssia) has called for evolving policy initiatives to redress the grievances…


Small Firm Loan Guarantee – FDA invites its members to…

Due to new terms and conditions announced in November 2002 (which came into effect in April 2003) FDA members are…


Trade credit insurance; the best defence against company identity fraud

IT Partnerships (ITP), a value added reseller (VAR)* of computer equipment, has warned that credit insurance is the best defence…


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