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Citigroup chief sheds light on GMAC bid

Charles Prince, chief executive of Citigroup, yesterday shed some light on the bank's involvement in the auction for General Motors Acceptance Corp (GMAC), which is entering its final stages (more…)

Demand for credit insurance up as political risk in...

Political risk in Russia is rising, causing Israeli exporters to increase demand for credit insurance, says Clal Credit Insurance (more…)

#exporters#exports#insolvency


Texas oil drill bit manufacturer taps into a US$1m...

The company can now be fluid in capital as it prepares to double sales in the next 90 days (more…)

#1st Commercial Credit#cash-flow#Commercial Credit


State backs Banca Comerciala Romana takeover

The Prime Minister met the general manager of Austrian Erste Bank to discuss the final stages of Banca Comerciala Romana…


Charterhouse's factoring arm posts '05 loss

The factoring arm of Charterhouse Finance plc has posted a pre-tax loss of £224,736 for the period April 2004 to…

#cash-flow#commercial finance#invoice


SMEs expecting strong sales growth – Business confidence survey

The Chambers Ireland/Irish Examiner SME Business Confidence Survey - Review 2005 and Outlook 2006 published today has found that (more…)


Nord/LB announces plan to enter factoring market

 We are mostly interested in small- and medium-sized companies, said Jaroslaw Dabrowski, the bank's CEO. We want to expand our…


Ashley Commercial Finance launches invoice finance service for security...

By 20 March 2006, all contract security officers, supervisors, managers and directors in the UK will need a licence for…


Venture Finance enters 2006 on a high

Venture Finance has built on the success achieved in 2005 with a new regional office and three new appointments (more…)


Euler Hermes' Hungary units see profits down

The Hungarian subsidiaries of Euler Hermes, a provider of credit insurance and manager of trade receivables, achieved consolidated after-tax profit…

#Atradius#exports#management


Financial institutions eye GMAC

Both the Wall Street Journal and Bloomberg are reporting that that a group may bid between US$11 billion and US$15…


Lloyds TSB Dubai boosts team with new appointment

This appointment follows a series of senior appointments at Lloyds TSB Dubai, which included (more…)

Euler Hermes grows turnover in key markets

Euler Hermes, the French credit insurance company, has announced that its turnover rose by (more…)

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