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New SME invoice discounting finance scheme launched

The bank said these products will benefit SMEs by lowering financing costs without (more…)

Fitch upgrade reflects SME lending ranking

The upgrade reflects the financial support provided by its main shareholder,  its good asset quality and its position in the…


Strong won hurts small exporters

According to a survey of 113 companies by the Korea Federation of Small and Medium Business  (more…)


ING to buy remaining shares of Handlowy-Heller in Poland

ING has agreed to buy all remaining shares in Handlowy-Heller, a leading provider of working capital finance and factoring services…


Ministry SME failure statistics ‘are fundamentally flawed’

New research shows that mall businesses are being wrongly stereotyped as having failure rates of 70 per cent or more…

#conference#GST#international


GMAC taking US$450m goodwill charge

 In an 8-K filing, General Motors stated that the impairment charge stems from GMAC's 1999 acquisition of (more…)

#acquisition#bank#commercial finance


China's policy banks step into new phase of development

China pledges to start reforming its three policy banks, namely China Development Bank (CDB), the Export-Import Bank of China (EIBC)…

#bank#commercial finance#conference


Construction suffers first fall in eleven years – Experian

Construction output fell in 2005, the first fall in the industry since 1994, bringing to an end the longest continuous…

#economy#GDP#i


Man gets jail sentence for factoring fraud on South...

A California man has been sentenced to prison for defrauding a South Dakota bank.  He entered an agreement in which…


Finacity Corporation increases and extends trade receivables securitisation programme...

Finacity Corporation announced that it successfully upsized and extended a significant trade receivables securitisation (more…)


Government loses ‘carousel’ fraud ruling

The UK government on Thursday faced the prospect of claims for refunds of value added tax and compensation running into…

#HMRC#interest#Two


AEB to provide US$3m to medium-sized enterprises in a...

The  Medium Sized Co-Financing Facility, which is designed to share the risk of lending to potential borrowers with local banks…

#3M#bank#banks

Three in ten companies have been to court to...

A survey among UK companies has found that three in ten have been to court in the last year to…

#bad debts#debt collection#management

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