Despite the presence of the SARS epidemic in the region, the Asian Development Bank said its 41 members’ economies would still be the world's economic bright spot with their economies growing by 5.3 per cent this year and 5.9 per cent in 2004.
Deutsche Bank and Swiss Re are to pump a combined Ђ180m (US$198m) of fresh funds into Gerling, the embattled insurance group, in a deal that will leave them owning more than 90 per cent of the group's attractive credit insurance unit.
Moody's today assigned its Aa3 insurance financial strength ratings to the main operating entities of the Coface Group (Coface SA, Allgemeine Kredit Coface AG, Viscontea Coface SpA and Oesterreichische Kreditversicherung Coface AG ).
After struggling for more than a year to sell its stake in Gerling, the crumbling insurance concern, Deutsche Bank is close to throwing in the towel.
Gerling-Konzern, the struggling German insurance group, is reported finally to be making some headway in the planned sale of Gerling NCM, its credit insurance subsidiary, to Swiss Re, the Swiss reinsurance giant.
Margrith Lьtschg-Emmenegger, formerly MD and global head of forfaiting at WestLB in London has decided to call it a day after 12 years at the bank.
The Asia Development Bank (ADB) has approved a US$15m equity participation in a new private equity fund that provides capital for small- and medium-size enterprises (SMEs) in the member countries of the Association of Southeast Asian Nations (ASEA
Deutsche Bank, the German bank, has called a halt to the takeover of Gerling NCM by Swiss Re. The only possible solution would be to involve a neutral investor in the deal.
Bank of America, Business Credit Europe won European Venture Capital Journals’s award for asset-based finance provider of the year in 2002 for its increasing support of private equity-backed businesses.
Worldwide factoring industry experiences healthy growth despite difficult market conditions
