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Europe

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 regular basis, has been rejected by the Czech Senate. The bill also stipulated that the government would take over from...

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…


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

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