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Europe

New money laundering and terrorist financing guidelines launched

The Joint Money Laundering Steering Group's (JMLSG) proposals would also reduce the documentation needed to verify the identity of non-personal customers (more…)

#anti-money laundering#risk#WHO

Wales welcomes Venture Finance

Award-winning invoice financier Venture Finance has expanded into Wales, with the appointment of (more…)

#awards#invoice#management


Republic sees one-way flow of banks and insurers

Insurance and banking is seeing a flood of western companies into the Czech Republic, while Czech firms appear reluctant to…


Scottish legislation has failed to break the vicious circle...

 Some businessmen and women seem to regard it as perfectly acceptable to delay paying their bills (more…)

#bank#invoice#late payment


ProCredit Bank Serbia receives Ђ15m boost

ProCredit Bank Serbia is receiving a 15m loan from the EBRD to help meet the growing needs of local entrepreneurs…

#bank#ING#international


Transcapitalbank and Credit Bank of Moscow borrow US$20m for...

The European Bank for Reconstruction and Development (EBRD), lent US$20m to two Moscow-based banks to allow their small- and medium-sized…

#bank#banks#funding


Hungarian companies debt defaults balloon

The payment discipline of Hungarian companies is quickly deteriorating, with former late payers becoming non-payers (more…)


SME sentiment indicator upswing continues in June – BPLG/AFP

The BPLG/AFP indicator* of sentiment in the French SME sector rose to (more…)

#smes


PPF sells CP Leasing to Credit Agricole's Sofinco

The PPF financial group has sold its CP Leasing subsidiary to (more…)

#bank#banks#Credit Agricole


BoE interest rates announcement

Economists said the monetary policy committee, which made its announcement about two hours after the London bomb blasts (more…)

#bank#Bank of England#interest rates


Intesa-SACE link up to provide unsecured SME finance

Banca Intesa and SACE have signed an agreement for Intesa Export to allow Italian exporters to have access to unsecured…

#exporters#guarantee#guarantees


IEA Conference challenges banks on needs of SMEs

The Institute of Economic Affairs 4th Annual Conference, held at the Meridien, Piccadilly in London on the 30 June played…

Fortis tipped to seek acquisitions in Germany, sees ‘great...

Fortis NV may seek acquisitions in Germany as it pursues its goal of earning 30 per cent of its revenues…

#asset management#leasing#management

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