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ECGD announces new procedures to combat bribery and corruption...

Strengthened procedures to minimise the risk of bribery and corruption on business deals supported by the Export Credits Guarantee Department (ECGD) will come into force on 1 May 2004. The measures - which aim to deter illegal payments to win...

Price may cause Government to drop currency swap deal...

The government said it may dump the proposed currency swap deal with the Asian Development Bank if the multilateral agency…


The international factoring industry is warned of the increasing...

The ‘Eternal City’ of Rome was the setting for Europe’s premier meeting of 120 top factoring and asset-based finance industry…


SMEs in line for free IT training

Thousands of small businesses could be entitled to free IT training following the expansion of a government-sponsored skills initiative announced…


Dynamic Commercial Finance preliminary results

Dynamic Commercial Finance plc (DCF) have released preliminary results for the year to 31 December 2003, reporting a first full…


GE Commercial Finance commits $30 million of debtor-in-possession financing

FiberMark Inc, a leading producer of specialty fibre-based materials, announced yesterday that it has filed voluntary petitions to reorganize under…

#bankruptcy#commercial finance#economy


Credit scoring and factoring boosts lending to SMEs

New credit scoring techniques have paved the way for unsecured lending in the small- and medium-sized business (SME) sector, which…


Ex-Im Bank backs sale of US flood-forecasting equipment to...

A US$38.7 million Export-Import Bank of the United States (Ex-Im Bank) loan guarantee will enable Romania to buy equipment, technology…


ECGC credit risk policies to have NIC marine cover

The Export Credit Guarantee Corporation of India (ECGC) and National Insurance Company Ltd have decided to unite to provide marine…


Santander buys DnB’s Elcon

Spanish bank Grupo Santander gained a foothold in the Nordic region on Wednesday by buying Elcon, a leading Scandinavian finance…


Better Payment Practice Group appoints new chairman

The Better Payment Practice Group (BPPG) has announced the appointment of Dr Richard Wilson, business policy executive at the Institute…


UK Matrix Group acquires private equity business from GLE

UK Matrix Group has agreed to acquire the private equity arm of Greater London Enterprise, GLE Development Capital (GLEDC). Matrix…

R.G. Barry Corporation secures factoring and financing from CIT

R.G. Barry Corporation has announced that it has entered into a factoring and financing agreement with The CIT Group/Commercial Services…

#bank#CIT#CIT Commercial Services

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