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Banco del Desarrollo to acquire factoring business despite profits...

Chile's Banco del Desarrollo saw first half net profits drop 5.85% year on year to 3.4bn pesos (US$4.9m), mainly due to severance payouts for laid off personnel, local financial daily Estrategia quoted Desarrollo chairman Vicente Caruz as saying. Caruz said...

Couple charged with fraudulently soliciting for investor funds to...

Bluffdale residents Gerald Trevor Jones and DeAnn T. Jones have been charged in the 3rd District Court with multiple securities-related…

#interest#Paid#WHO


Coface reports sparkling first half results as it dominates...

The Chilean subsidiary of France-based trade insurance provider Coface accounted for 45.7% of the local export credit insurance market as…


EquiFin reports results for the second quarter and progress...

EquiFin, Inc. (the "Company")(AMEX:II and II,WS) a commercial finance company which provides structured credit to small- and mid-size business enterprises…


Credit unions seek clarification on factoring regulations as they...

Mexico's warehousing association AMAGDE and credit union association ConUnion are lobbying regulators to allow them to provide a broader range…


Exports and consumer spending increase signal faster economic growth...

Surprising strength in U.S. exports and consumer spending reported this week suggest the economy grew faster last quarter than first…


Federal funds available to small businesses affected by storms

Low-interest federal loans of up to US$1.5 million have been approved for small businesses affected by storms that swept across…

#interest#small business#small businesses


GM finance arm considers suing Bank of New York...

Executives at GM Acceptance Corporation, the financial arm of General Motors, are considering suing Bank of New York (BoNY) in…

#bank#CIT#commercial finance


Goverment plans to spread SME growth throughout country

Economy Secretary Fernando Canales Clariond acknowledged yesterday that, with the exception of the Yucatan peninsula, the country's south-southeast region registered…


BankBoston eyes SME segment this year

Chile's BankBoston, a wholly owned branch of US-based financial group FleetBoston, will turn its focus to the small- and medium-sized…


Measures to protect tequila SMEs to be enforced from...

In a measure to support the small- and medium-sized enterprises (SMEs) in the tequila and the agave-tequila productive chain, the…

#international#regulation#smes


Greenfield Commercial Credit (Canada) Inc. announces it has acquired...

Greenfield Commercial Credit (Canada) Inc. (Greenfield Canada) announced today (6 August) that it has acquired a portfolio of seven factoring…

#acquisition#Commercial Credit#management

World Bank supports e-business to increase productivity of small...

The World Bank approved a US$58.4 million loan to help increase competitiveness and growth of micro and small businesses in…

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