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Worrying statistics reveal that nine out of ten SMEs say banks have not extended government backed loans to them, despite the introduction of the Enterprise Finance Guarantee Scheme. (more…)
Business Climate Index paints a damning picture for SMEs in the current environment. (more…)
The European Investment Bank's increased lending underscored its commitment to provide rapid, additional support for the European economy in the current…
More directors are suspended at the Cattles group as the company considers selling its invoice finance arm. (more…)
#Deloitte#financial services#invoice
Recent research shows that UK payments times for SMEs have topped 41 days beyond agreed payment terms. (more…)
#cash-flow#late payment#Paid
Crédit Agricole, the French bank, is considering merging Crédit Agricole Leasing and Eurofactor. (more…)
#bank#Credit Agricole#leasing
The German Factoring Association boasts its 26th member. (more…)
#bank#German Factoring Association
Complications in the issuing of factoring licenses in Russia are presenting obstacles to local factors looking to develop financial services…
The crisis at Latvia's Parex Bank is evidently having a knock-on effect, with its Azeri subsidiary PLF temporarily closed to new business. (more…)
#bank#bankruptcy#banks
Banks prove themselves unwilling to lend to SMEs so Madrid steps into the breach with a new credit line. (more…)
#banks#crisis#funding
Santander, and their British subsidiary Alliance and Leicester, are looking to buck the banking trend in the UK and offer…
Eurofactor's Barometer provides an extensive survey of European business including an examination of receivables management. (more…)
The Romanian President expressed his confidence in the country's banking system and is encouraging local business to turn to banks…
#bank#banks#crisis