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Global

VUB Factoring appoints new chairman

He has worked in VUB Bank since 2003, first as director of the Business Finance department and then as director of (more…)

#bank#business finance#trade

GMAC’s US and UK divisions join to provide US$24.4...

The asset-based lending divisions of GMAC Commercial Finance in the US and the UK have provided a combined (more…)

#commercial finance#receivables


Exim Bank of Thailand to open offices in US...

The Export-Import Bank of Thailand plans to open new offices by the end of the year in (more…)

#bank#Exim Bank#exporters


NatWest launches scheme for start-up firms

NatWest has launched a start-up package for new businesses. Under the scheme, new firms will (more…)

#insurance#management#NatWest


New EU procedures aim to speed up debt collection...

The proposal removes all the local rules and practices required to enable recognition and enforcement of a judgment in several…


Coface Country @ratings update

Country @ratings represent the average capacity of companies in particular countries to meet payment obligations on time (more…)


Capital Resource commits to receivables financing services to security...

Capital Resource Funding (CRF) will provide purchase order and receivables financing to fund (more…)


CDRJ aims to increase export participation of SMEs

Brazil's Rio de Janeiro state port authority (CDRJ) plans to create a business and logistics centre to (more…)


IFA emerges as independent factoring association

The International Factoring Association (IFA) is now independent of California-based (more…)

#commercial finance#international#international factoring


US federal judge rules Parmalat factoring of invoices ‘deceptive...

The complaint alleges the dairy company created a false revenue stream by essentially booking certain accounts receivables twice (more…)

#bank#Bank of America#Credit Suisse


SMEs fear Basel II will start credit squeeze

Small- and medium-size enterprises (SMEs) in the Czech Republic fear they will face a credit squeeze as a result of…

#bank#interest rates#international


Ex-Im Bank chairman, president steps down

Appointed by President Bush in 2002, his term as chairman ran concurrently with the presidential term that ended in January…

#bank#emerging markets#exporters

Wachovia wins state appeals case on regulation

The 31-page decision by the US Court of Appeals for the Second Circuit is a victory for Wachovia Corp., which…

#bank#Bank of America#regulation

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