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Defendants ordered to pay US$70m for role in factoring...

A US District Court in California has issued a final judgment against a group of con men charged with running a multi-million dollar accounts receivable scam in the State (more…)

GMAC Commercial Finance adds industry veterans to commercial services...

GMAC Commercial Finance (GMAC CF) announced that lending industry veterans (more…)


Misu Negritoiu takes the reins of ING Romania, announces...

Misu Negritoiu will become chief executive of ING Bank Romania as of 1 August, as well as chairman of the…


Credit insurance market growing 8-10% through 2009

The Chilean credit insurance market will likely grow 8-10% annually over the next three years due to rising demand from…


Seoul to give credit guarantees for manufacturers at Kaesong

The Korea Credit Guarantee Fund, a government-owned fund, will guarantee loans extended by banks and other financial institutions. The guarantees…


IFC adds BMC to global trade finance programme

The International Finance Corporation (IFC), the private sector arm of the World Bank, has added Brazilian bank Banco BMC to…


Coface builds its receivables finance unit

Coface UK, the credit solutions business, has appointed Gerry Donnelly as regional sales manager for its receivables finance direct sales…


Fortis Lease merges units

Dreieck Industrie Leasing and the leasing subsidiary belonging to the Fortis Group in Switzerland have merged (more…)

#acquisition#leasing#management


Euler Hermes to enter Australia, NZ credit market

Euler Hermes, the Paris-based international credit insurer, has signed a letter of intent to acquire the credit insurance activities in Australia…

#acquisition#insurance#international


Bridge Finance Group appoints director, opens Atlanta office

Bridge Finance Group announced the appointment of its director of the company's Atlanta office (more…)


Clydesdale Financial Solutions breaks out the bubbly

The team has gone from strength to strength since the FSC in St Albans opened in 2005 and the team…

#acquisition#bank#funding


Consolidation Down Under – NZ industry changes

The factoring industry in New Zealand is in consolidation mood once again with the news that ORIX Factors has been…

#bank#invoice#management

Manufacturers are more positive about short-term prospects – CBI...

UK manufacturers are more positive about the near-term outlook, according to June's Monthly Industrial Trends survey by the CBI (more…)

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