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Chile's factoring industry would only become subject to official state regulation if the companies concerned were to begin to handle public funds, according to chief securities and insurance regulator Alejandro Ferreiro. The country's factoring system remains generally unregulated, apart from...
#bank#factoring industry#factoring regulation
President Bush's fiscal year 2005 budget request for the Export-Import Bank of the United States (Ex-Im Bank), which the Administration…
Banco de Chile has posted net income of 130bn pesos (US$220m) for last year, up 146% compared to 2002 on…
#bank
Stelco, Canada's largest steelmaker, announced yesterday that it will seek bankruptcy protection as part of efforts to restructure its money-losing…
#bankruptcy#CIT#commercial finance
A new Germany-based company will soon join the local banking sector when it opens the first Mexican office of Deutsche…
Mexico's financial leasing companies should issue 12bn pesos (US$1.09bn) in new loans in 2004, up 71% from an estimated 7bn…
Federal Reserve policy makers unexpectedly dropped a commitment to hold interest rates low “for a considerable period” while voting to…
The Export-Import Bank of the United States (Ex-Im Bank) has approved a US$244 million long-term guarantee to support the export…
President and chief executive officer of Fleet Capital Corporation, James G. Connolly, has been tapped to lead the combined asset-based…
Last year, Key Bank and Trust changed its name to K Bank, after a lengthy lawsuit over the Key name…
#bank#Trust
Mexico's 16 factoring companies reported consolidated net income of 153m pesos (US$14m) during the third quarter of 2003, up 30%…
The Mexican subsidiary of international ratings agency Moody's has assigned the factoring and leasing subsidiaries of local financial group Banorte…
#bank#international#leasing
CIT Group posted a higher fourth-quarter profit, citing growth in its financing and leasing portfolio and a smaller proportion of…
#CIT#leasing