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Europe

DnB swoops on bank hit by Finance Credit scandal

Norway's largest bank is seizing, as expected, a chance to take over Bodoe-based NordlandsBanken. Den norske Bank (DnB) said Friday it will pay just over NOK 1 billion to buy the tradition-rich bank in northern Norway, which was paralysed by...

French government presents plan to spur new businesses

The Cabinet on Wednesday approved a proposal to spur business growth in France by tripling tax breaks for investors in…


Finance Credit collapse cripples one of its banks, which...

Analysts following the Norwegian banking market point to Den norske Bank (DnB), Norway’s largest bank and which has the state…


Small business boost as loan guarantee scheme is extended

THE extension of the eligibility for the Small Firms Loan Guarantee Scheme (SFLGS) should mean that more SMEs would be…

#bank#cash-flow#security


Cattles signs deal with DLA

Cattles Invoice Finance has structured a deal with the Dental Laboratories Association to offer invoice finance facilities to its 900…

#cash-flow#i#invoice


Fraud allegations against factor topples bank executives

Nils Moe, chief executive of Nordlandsbanken, resigned today in the wake of huge losses tied to the bank's dealings with…

#bank#bankruptcy#banks


KUKE Insures Over ZL1bn Worth of Exports

KUKE (Korporacja Ubezpieczen Kredytow Eksportowych), the Polish export credit insurance agency (ECA), has been observing increased interest in insurance of…


Factoring and invoice discounting grow significantly as bank overdrafts...

Third quarter figures released today by the FDA shows invoice discounting growing in popularity in comparison to traditional overdraft lending…

#bank#invoice#management


Fortis Bank and EBRD in SME initiative

Fortis Bank, in co-operation with the European Bank for Reconstruction and Development (EBRD), will launch a programme aimed at helping…


New Chairman of the board at Gras Savoye Langlois...

Christian Rocheteau has been appointed chairman of the board of directors of Gras Savoye Langlois SA, the factoring and credit-insurance…


UK entrepreneurs faring well in global economic downturn

UK entrepreneurs are faring well in the face of global recession, according to a new survey co-funded by the DTI…

#management#recession#small businesses


Slide in exports triggers record trade deficit

The Federal Reserve decided to keep short-term interest rates unchanged yesterday, in something of an anticlimax to recent dramatic developments…

SME Business booms in Bexleyheath

Business is booming in the most profitable town in Britain, despite the average business seeing a fall in profits, a…

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