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Europe

Zurich Insurance Group files counterclaim amid Greensill collapse

Zurich Insurance Group has filed a counterclaim in London's High Court, alleging a 'conspiracy' involving financier Lex Greensill, steel magnate Sanjeev Gupta, and their companies, according to the Financial Times. The lawsuit, stemming from the collapse of Greensill Capital in...

#Greensill#Sanjeev Gupta#trade credit insurance

UK Export Finance boosts support for Northern Irish business...

UK Export Finance (UKEF) has announced a guarantee for up to US$100m of new support to help a Northern Ireland…

#Jeremy Hunt#UK Export Finance#UKEF


WFY’23: Record factoring growth of 20% in Germany in...

Last year, the GDP of Germany grew slightly by 1.8 per cent, not as much as in the previous year,…

#World Factoring Yearbook


BBVA joins Komgo network

BBVA has joined Komgo, the world’s largest multi-bank trade finance network, to help digitalisation of its international clients, enhancing their…

#BBVA#Komgo#Souleima Baddi


GRENKE to sell all factoring companies

The Supervisory Board of GRENKE AG has approved the Board of Directors' decision to focus on the leasing business with…

#GRENKE


Manx Financial comments on UK interest rates unchanged

Commenting on UK interest rates remaining unchanged, Douglas Grant, Group CEO of Manx Financial Group, said: “Today's decision to maintain the…

#Douglas Grant#Manx Financial#SMEs finance


Kriya raises £50M funding facility from Viola Credit, to...

Kriya, the B2B invoice finance and payments fintech, today announces that it has secured a new £50m debt facility from…

#Cash flow#cash-flow#Kriya


FSB and Capitalise launch SME funding platform

Small businesses are finding it harder to access finance and are seeing credit costs rise, according to new research by…

#business finance#credit risk#management


Clifford Chance provides legal counsel to Barentz in structuring...

Clifford Chance provided legal counsel to Barentz, a prominent global distributor specialising in life sciences and specialty performance ingredients, regarding…

#Clifford Chance#receivables securitisaton


Optimum Finance names Iain Hendry to lead UK sales

Optimum Finance, an invoice finance specialist, has promoted... (more…)

#Ant Persse#Optimum Finance


EBRD and AIK Banka support SMEs in Serbia

The European Bank for Reconstruction and Development (EBRD) has commenced cooperation with AIK Banka in Serbia with an inaugural loan…

#green finance


YouLend secures deal to extend £4bn in financing to...

YouLend, a global finance platform, has closed a private securitisation deal with JP Morgan as a senior lender and Castlelake,…

#embedded finance#JP Morgan#YouLend

WFY’23: ‘Portugal’s factoring market surpassed growth rate of...

As was the case worldwide, the first year of COVID-19 had a severe, disruptive effect on the Portuguese economy, said…

#Factoring and Renting#Vitor Graça#World Factoring Yearbook

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