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Former FleetBoston leasing executive leaves Bank of America

Another top former FleetBoston Financial executive has left Bank of America Corp. to be replaced by a long-time BofA staffer, raising new alarms about the diminishing clout of former Fleet managers at the Charlotte, N.C.-based bank. Doug Bowers, previously managing...

#bank#Bank of America#banks

Export recovery boosts manufacturers orders to a six-year high...

The UK manufacturing recovery gathered momentum in May as demand from home and abroad pushed total order books up to…


RBI proposes uniform SSI lending target

The Reserve Bank of India (RBI) is examining a proposal for a uniform target in priority-sector lending for all domestic…


EBRD publishes its strategy for Poland

The European Bank for Reconstruction and Development (EBRD) economic report gives Poland high marks, but warns there is still much…

#bank#economy#investment


Stuart Holloway, MD of RBS Commercial Services, announces record...

The Royal Bank of Scotland Commercial Services (Holdings) Limited (RBS Commercial Services) announced a record performance for the year ending…


Euro Sales Finance bounces back with record pre-tax profits

Euro Sales Finance plc announced a return to profitability with record pre-tax profits of Ј6.0m for the year to 31…


Venture Finance speaks the language of finance

A seven-strong team of directors have paid an undisclosed sum for the UK and European operations of Manchester language-training firm,…


Intrum Justicia reports on poor payment habits in Europe

European companies continue to face problems with late payments, which in just six years have increased in length by an…

#liquidity


Versailles jury returns verdict

Carl Cushnie, once Britain's most successful black businessman, was yesterday convicted for his part in one of the country's biggest…

#banks#forum#frauds


Late payment legislation favoured by SMEs over other credit...

Despite DTI figures which show that UK insolvencies due to late or non-payment are increasing, the majority of small- and…


Export-Import Bank finances planes for Kenya Airways

The US Export-Import Bank said it would provide more than $100m in financing to Kenya Airways to purchase a passenger…


Coface unit forecasts 30 per cent increase in profits

The Chilean unit of French commercial insurer Coface expects profits to grow 30 per cent this year, company executive Louis…

#bank#conference#management

Upturn in foreign direct investment

Foreign direct investment (FDI) in central and eastern Europe should top Ђ20bn in 2004 and 2005, according to Bank Austria…

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