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Europe

Quarterly Corporate Insolvency Figures

The Department of Trade and Industry have today released the corporate insolvency figures for the second quarter of 2000. The figures show that there were 3,426 company insolvencies in England and Wales in the period. This figure represents an increase...

Record Profit for Den norske Bank

DnB, Norway’s biggest bank and parent company of Norway’s largest factoring company, DnB Factoring AS, has announced a record 30%…


Online SME Support Service Opens Today

Clearly Business, a joint e-venture between Freeserve and Barclays Bank has been launched today. The website is planned as an…

#bank#BCR Publishing#small businesses


Nomura to Force Fortis’ Hand

The European financial group Fortis is currently in contention with the Japanese investment bank Nomura. The bone of that contention…


Revolutionary Tax Reforms to Sweep Germany

German Chancellor Gerhard Schrцder, referring to his country’s reputation for high taxes and low growth, has declared that “The German…

#BCR Publishing


Opportunity Knocked for Regulation of Czech Factoring

A bill that would force the central bank to consult with the government and report to the parliament on a…


Konsolidacni Banka Cancels Agreement with U.S. Ayres Corp

Konsolidacni Banka, the Czech state factoring bank, has today announced that it has cancelled an agreement made in June with…

#bank#factoring industry#management


SFF Affacteurage and SLIFAC merge to form Eurofactor

France’s second and third largest factors (by turnover and market share) have merged to create Eurofactor, which claims to be…

#commercial finance#international#international factoring


Industry Optimism Follows Failure to Raise Interest Rate

There were worries that recent strong rates of growth would lead to the Bank of England raising the rate of…

#bank#Bank of England#Clear


Euro Sales Finance Announces Record Profits

Euro Sales Finance plc, the pan European factoring and invoice discounting company, has reported record profits for the year ended…


BCP trumps Deutsche Bank struggle for BIG

After a year long struggle for control over Poland’s BIG Bank Gdanski, Banco Comercial Portugues (BCP) has succeeded in taking…

#bank#Deutsche Bank#poland


Serious Fraud Office Launch Investigation into Versailles Collapse

The Serious Fraud Office have issued a press release stating that they are to conduct an investigation into the business…

Liquidator Appointed Following Versailles Hearing

After last week’s British Virgin Islands hearing, a court ruling has been made that promises to reveal more about the…

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