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Europe

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 interest, but following yesterday’s announcement, (which held the rate constant at 6% for the sixth month in a row), there...

#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…


Versailles Investors Launch Court Action in British Virgin Islands

Two members of the group of wealthy individuals that helped fund the trade finance group Versailles (which went into receivership…


Versailles Keeps it in the Family

According to The Guardian, Versailles, the trade finance company which went into receivership in January 2000, owing its banks approximately…

#banks#trade#WHO


Versailles to Face Investors in Court

Two members of the group of wealthy individuals that helped fund Versailles, the trade finance group which collapsed in January,…


Versailles’ Investors Launch Court Action in British Virgin Islands

Two members of the group of wealthy individuals that helped fund the trade finance group Versailles (which went into receivership…

#channel#interest#trade


Key Developments in German Factoring Market According to Bertelsmann

The factoring market in Germany has remained fairly steady in the last few months, with DG Bank continuing their dominance…

#bank#BCR Publishing#receivables


Two new players in Romanian Market

Two new players have recently joined the Romanian market, The Romanian Commercial Bank and Demir Bank of Romania in offering…

#bank#banks#Two


Factoring Market in Cyprus Predicted to Grow by 30%...

According to George Georghiou, Manager of Laiki Factors in Cyprus, there is likely to be a significant growth of around…

Alliance & Leicester Hope To Offer One Stop SME...

Alliance & Leicester is trying to put together a joint venture with an invoice discounting and factoring supplier to offer…

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