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Versailles’ audit partners ignored audit manager’s warning – John...

I commend the note on the website of the Accountants' Joint Disciplinary Scheme on the spectacular audit failure at Versailles Group, the trade finance outfit now in administrative receivership whose chairman and chief executive Carl Cushnie was convicted of fraud...

#assignment#channel#i

JCCI trainees get priority for loans to set up...

Entrepreneurs who completed a four-week course on establishing small- and medium- sized enterprises (SMEs) at the Jeddah Chamber of Commerce…

#cash-flow#interest#smes


Joint debt plan for troubled small firms as delinquent...

Domestic banks say they are individually evaluating the credit conditions of small- and medium-sized enterprises (SMEs) with outstanding loans from…

#bank#banks#credit risk


Exim Bank supports exports worth Skk 54.6 bn in...

The Export and Import Bank of the Slovak Republic (Exim Bank) reported a net profit of Skk95.7m in 2003. It…


Executive indicted after four-year factoring fraud investigation

A million-dollar executive has been indicted with five others by federal grand jurors in connection with businesses that collapsed amid…


Lloyds TSB divisions fund distribution MBO with asset-based finance

A Leeds-based firm, which distributes some of the UK's best-known consumer magazines, has been bought by its management. Macfarlane Transport…


Atradius enters into reinsurance treaty

Atradius, the world's second largest credit insurer, has entered into a reinsurance treaty with New India Assurance. Under the terms…


Ultimate Finance Group oversubscribed equity issue to fund expansion

The Board of Ultimate Finance Group PLC (UFG) is pleased to announce that its offer for subscription of up to…

#funding#investment#invoice


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,…

#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…

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