National Australia Bank (NAB) has confirmed its intention to use some of the $2.75 billion earnings from the sale of its US subsidiary, Michigan National Corporation, to ABN Amro of the Netherlands to finance the expansion of its presence in the U
Euro Sales Finance (ESF) has appointed Bluestone Software Inc. to power its dedicated web portal, the first of its kind in the asset finance market, using its Total-e-Business facility.
Business Europe has launched a new on-line service aimed at supporting small and medium sized companies (SMEs).
Western banks are exercising a growing influence over their counterparts in many emerging market countries.
The Belgian/ Dutch financial services group Fortis yesterday announced that it is planning to retain its dual headquarters in Brussels and Amsterdam in order to strengthen its grip on its core Benelux market.
It was revealed to factorscan today that Factors Chain International and International Factors Group are to merge. Details of the arrangement are yet to be announced.
Insol, the body which represents insolvency professionals internationally, has launched a project intended to allow potentially viable businesses to survive more easily.
The EU’s single market commissioner, Frits Bolkestein, has today urged EU banks to speed up payments between banks and reduce the cost of cross-border money transfers.
The Dutch financial group ING has sold 659m Euros’ worth of shares in Fortis back to the Fortis Group itself. The Fortis group currently runs factoring operations in the Netherlands, France, Germany, England, Italy and Spain.
A 7% increase in turnover for the first half 2000
