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Europe

Lloyds TSB takes over HBOS

The immediate effect is that Lloyds TSB effectively has increased its UK market share from... (more…)

Number of companies with solvency problems up 42pc

The number of companies with solvency problems has grown 42 percent since the same period last year according to Krediidiinfo's…


Outlook worsens as slowdown takes hold

The global economic slowdown has further depressed manufacturers order books and output growth expectations, the latest CBI Industrial Trends Survey…

#bank#Bank of England#inflation


Ultimate Finance FY pretax profit falls on restructuring, severance...

Ultimate Finance Group Plc. reported a smaller full-year pretax profit even as revenues rose marginally (more…)


TK Bank granted banking license

The National Bank of Belarus has registered and issued a banking license to Bank Torgovy Kapital ( TK Bank), a…


Factoring up 13.6pc for Coface

Coface, the credit insurance division of French bank Natixis, has reported a 13.6 percent growth in factoring. (more…)


BBA reports small business borrowing increased in 2008

Banks are still lending money to small businesses despite the effects of the credit crunch, a report has revealed. (more…)


Cattles PLC “considering sale” of business finance division

Cattles PLC is considering the sale of its business finance division Cattles Invoice Finance to focus further on its main…


UK firms seek alternative financing solutions as crisis worsens

As the credit crisis worses UK firms are actively seeking sources of alternative finance, according to survey conducted by Siemens Financial Services…


Bibby Financial Services refocuses its leasing division

Bibby Financial Services has announced that it is restructuring its leasing division to refocus its efforts on its core business…


UK businesses look abroad amid economic uncertainty

An HSBC Commercial Banking report has revealed that four in five businesses (81 per cent) in the UK plan to…

#commercial lending#international#payment terms


Asset based finance becomes main lender for UK companies

In the UK and Ireland, as well as the rest of the world, traditional bank funding is suffering at the…

#asset based finance#bank#banks

Platinum Funding announce first success story with UK operation

Platinum Funding UK Limited have announced the completion of a factoring facility for Hoarding, Fencing Decking (HF D), an Essex,…

#cash-flow#funding#i

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