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Accord Financial Corp announces Q4 and year-end 2005 results

Accord Financial Corp, a leading North American provider of asset-based financial services to businesses, including factoring, financing, (more…)

#Accord Financial Corp#financial services#guarantees

Bancoldex sets US$1bn SME lending target for 2006

Colombia's state-owned export development bank Bancoldex increased lending 9% to 2.2tn pesos in 2005. The bank aims to increase (more…)


IMEX® achieves SWIFTReady Gold status for 8th consecutive year

Surecomp, a leading provider of global trade solutions for the financial services community, today announced that its flagship trade finance…

#banks#financial services#global trade


Wachovia backs off bid to run GM financing unit

Wachovia Corp. has dropped out of bidding for a 51 per cent stake in General Motors Corp.'s finance unit, according…


Cerberus Group is leading bidder for GMAC stake

A consortium headed by Citigroup Inc's private-equity unit and Cerberus Capital Management is reportedly the favoured bidder for a majority…


Credicoop seeks to double SME loan portfolio

Argentine cooperative bank Credicoop expects to double loans granted to the small- and medium-sized enterprise (SME) segment this year to…

#bank#smes


US companies take more risks with receivables – Euler...

Despite the slew of large corporate insolvenciesthat have sent shockwaves through the business world in recent years, only a small…

#insolvencies#insolvency#management


Bancoldex ups loans 27% in Jan

Colombia's state-owned export development bank Bancoldex increased lending by 26.6% to (more…)

#bank#smes


Importer offers import financing with GE Commercial Finance programme

Chinese importer Fiamma Leather, is offering a new service that gives retailers 60-day, interest-free financing on finished goods as they…


Heritage Commerce Corp reports record results in 2005

The sale of the Capital Group loan portfolio, consisting primarily of "factoring" type loans, will result in a first quarter 2006 gain…

#bank#interest#leadership


GMAC rating still in question

General Motors could show tangible progress by the end of March in its efforts to sell a stake in its…

#bank#interest#investment


HNS Banco credit rating outlook upgraded to stable

HNS Banco is a joint venture between Chilean businessman Jacob Ergas and US financial services firm GE Capital and focuses…

#bank#financial services#leasing

Moody's warns of GMAC sale problems

General Motors' attempt to sell a US$10bn-US$15bn stake in its finance arm might be in difficulty , Moody's, a credit…

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