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First Guardian targets factors as part of “aggressive” growth...

First Guardian Financial Corporation, a small business finance specialist in the US, says it intends to grow aggressively through acquisitions within the finance sector, including the purchase of factoring, lease finance, and debt recovery companies. The company was announcing the completion...

Textron Financial names two executives to business credit division

Textron Financial announced that two new executives have joined the company's business credit unit (more…)


One in three companies fail to confirm their credit...

The Better Payment Practice Group (BPPG) urges businesses to spring clean their credit management procedures, following a survey by the…


Close Invoice Finance rolls out Demica’s Citadel ID

Close Invoice Finance has announced the implementation of Demica's Citadel ID (more…)


Interest rate hike predicted

Norway's central bank Governor Svein Gjedrem reiterated yesterday that the bank's next rate rise would likely come (more…)


Fed hikes interest rates; further increases possible

The Federal Reserve raised its key interest rate a quarter point to  the highest level in five years. The funds…

#bank#banks#inflation


HSBC to grow SME exposure by 30%

The Hongkong and Shanghai Banking Corporation (HSBC) in India expects lending to the SME sector to grow by 30 per…


BoA provides Ј45m L/C, cash management deal for UK...

The business finance unit of Bank of America has provided £45m in senior credit to UK engineer Luxfer Holdings plc…

#bank#business finance#cash management


Iran offers Indonesia export guarantees to boost trade

Iran has offered financial facilities in the form of export guarantees and short-term loans to Indonesia to increase trade between…


BBVA Bancomer to lend US$1.1bn to SMEs in 2006

Mexico's largest bank BBVA Bancomer expects to lend 12bn pesos (US$1.1bn) to about 47,000 SMEs this year. The funds form…


Banque Palatine could lose factoring and leasing divisions if...

Banque Palatine, the bank acquired in 2003 by French savings bank group Caisses d'Epargne from the Italian Sanpaolo group, is…


Bank of England signals interest rates rise

The Bank of England on Wednesday signalled the next move in interest rates was likely to be up as the…

Consolidation continues for international factoring in Brazil

The latest acquisition by Brazil's leading international factoring provider signals another step towards consolidation for the non-domestic market in the…

#bank#guarantees#international

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