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Chilean small business bank, Banco del Desarrollo, plans to buy a factoring agency during the first half of 2003. Acquisition talks are already under way and the final price tag is likely to fall between US$2.5m and US$3m, according to...
#3M#bank#small business
Greenfield Commercial Credit (Canada) has met the requirements to list on the TSX Venture Exchange and will commence trading at…
#ABN AMRO#bank#Commercial Credit
Chilean financial services group Grupo Security comprising a bank, a factoring unit, a stock brokerage, and a mutual fund announced…
#bank#Boost#financial services
The Overseas Private Investment Corporation (OPIC) and the African Trade Insurance Agency (ATI), a World Bank and pan-African state-supported Export…
#bank#emerging markets#exporters
Zurich North America's Emerging Markets Solutions unit (ZEMS) has announced the signing of a political risk insurance cooperation agreement with…
#bank#emerging markets#international
DrugMax, Inc. has announced that the company has secured a three-year, US$40m credit facility with Congress Financial Corp., a subsidiary…
Two familiar faces in the Houston financial services industry have formed Briar Capital LP., which focuses on small- and medium-sized…
#bank#financial services#receivables financing
Leading Mexican banks Santander Serfin, Banco Bital and BBVA Bancomer have made only 30% of the 15,800 small business loans…
#BBVA#commercial lending#guarantees
Whether Kmart Corp. should have paid several suppliers in the days after its bankruptcy filing has fuelled a legal fight…
#bankruptcy#Paid
Fingerhut Direct announced today that it has negotiated a $100 million senior secured line of credit comprised of a revolving…
#acquisition#CIT#receivables
The protracted economic downturn and uncertainty over war in Iraq took a toll on lenders' attitudes last quarter, with most…
#bank#commercial finance#interest rates
Chile's central bank has authorised credit unions to request loans from foreign and local financial institutions as part of a…
Panamanian payment guarantee companies have asked the government for greater regulation of their sector, local daily El Panama reported. Central…
#guarantee#insurance#regulation