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Americas

Verdict in trial of Commercial Financial Services co-founder

A federal jury found former Commercial Financial Services (CFS) co-founder Bill Bartmann not guilty of charges tied to a company collapse that cost investors more than US$1bn. The 1999 collapse of the Tulsa-based company amid allegations executives had falsely inflated...

#Bill#financial services#Two

Nine charged in factoring company’s fraud on Portuguese bank

Nine men were indicted on charges of stealing $170 million from a Portuguese bank branch in Florida through what prosecutors…

#bank#Clear#interest


New credit insurance draws sector interest

Several Peruvian insurers are likely to offer a new government-backed export credit insurance product next year, according to national foreign…


First Business Financial Services elects new member to Board

First Business Financial Services, Inc. announced today that Jan Eddy has been elected to its Board of Directors. She is…


Factoring industry anticipates income increase in 2004

Chile's factoring industry expects to post total profits of around 11bn pesos (US$18.1m) in 2003, with income forecast to jump…


Jacksonville export growth checked by misunderstandings; a lesson for...

Jacksonville works hard at developing export markets for US products that can be shipped through its port. But misunderstandings and…


Export Development Canada cash advance gets show on the...

Montreal-based Cirque Eloize is flying high with the help of pre-shipment financing, a financing product offered by Export Development Canada…

#bank#bank loan#exporters


US Bank offers SBA loan programme that invests in...

US Bank, in conjunction with the US Small Business Administration (SBA), is rolling out a new loan programme geared for…


Economy surged in Q3

The US economy surged in the third quarter, growing even faster than originally thought, according to government data released on…

#conference#GDP#interest rates


Calpia to become bank in January 2004

Finance company Calpia will become a bank in January next year according to Calpia general manager Silke Muffelmann. As a…

#bank#banks#insurance


Small business index up; 'very strong' Q4 likely

The National Federation of Independent Business' (NFIB) monthly index of small business economic indicators jumped 2.1 points in October to…

#GDP#small business#small businesses


Federal Reserve sees steady growth ahead

Federal Reserve (Fed) officials said on Friday that healthy US economic growth looks likely to continue, but low inflation means…

#bank#economy#i

Euler Hermes to offer export credit insurance

The Brazilian credit insurance unit of German insurer AGF, Euler Hermes, plans to offer credit insurance for export operations in…

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