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Capital Factors claims US$30 million fraud by client

Capital Factors of Boca Raton claims it lost US$30 million because of fraudulent transactions arranged by a New York City jewellery wholesaler. In a federal civil suit filed in New York, Capital Factors maintains that Cosmopolitan Gem Corp. set up...

Small businesses turn to credit unions

Jamaica's small business community is looking more to the financial services offered by local credit unions rather than those of…

#financial services#interest rates#MAN


Insuring your exports against political risk

A lot of things can go wrong with export transactions in global markets. At the San Diego District Export Council…


Top banks sign up for new export credit insurance

Several of Peru's largest banks have signed up for the government's new credit insurance for small- and medium-sized exporters (SMEs),…

#bank#exporters#exports


SME bank HNS ups capital 24.3%

Niche bank Banco HNS has increased its capital base 24.3% to 13.4bn pesos (US$21.3m) following a capital injection of 2.63bn…

#3M#bank#smes


EquiFin reports third quarter and nine-month results

EquiFin, Inc, an early stage, commercial finance company that provides a range of capital solutions to small- and mid-size business…


National Bank experts to speak at Export Forum 2003

As part of Export Forum 2003 prestigious speakers from the National Bank will be giving a conference on factoring today.…

#bank#conference#exporters


Galicia aims to boost SME clients by 40%

Argentine bank Galicia is aiming to boost its number of small-and medium-sized enterprise (SMEs) clients some 40% to 38,000 by…


Bantec to sell factoring unit

Costa Rican financial group Consorcio Bantec plans to sell its factoring unit in order to address a liquidity shortfall of…

#bank#financial institution#i


Woman jailed for US$4 million accounts receivable fraud

Mildred Miller was sentenced to five years in prison for wire fraud. She had filed false accounts receivable to West…


SBA approves First California Bank as ‘Preferred Lender’

First California Bank has announced that the US Small Business Administration (SBA) has approved the bank under its Preferred Lender…

#bank#banks#small business


Equifax elects new director to board

Equifax Inc, the global business information company, has announced the election of James E. Copeland Jr. to its board of…

Caisse centrale Desjardins and Northstar partner to support export...

Export SMEs can now benefit from additional export financing services through a new agreement reached between Caisse centrale Desjardins, Desjardins…

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