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Local banks are bracing for more trouble - namely defaults by small-and medium-sized companies (SMEs) - after getting burned by credit card companies. A growing number of SMEs are teetering on the brink of bankruptcy. “About 80 per cent of...
#bank#bankruptcy#banks
BankBoston Brasil will increase its focus on small- and medium-sized enterprises (SMEs) this year by opening 25 new SME-targeted business…
What, exactly, is the European Central Bank (ECB) waiting for before it pulls the trigger? Yesterday's failure by the ECB…
According to Barclays' quarterly Start-ups and Closures report, 465,000 new companies were set up in 2003, the highest level since…
#bank#training
Coface, a Natexis Banques Populaires subsidiary, today announced the acquisition of 100% ownership of the ORT SAS Company and its…
#acquisition#management#receivables
HSBC Invoice Finance (UK) Limited has reported profits before-tax of Ј59.69m for the year ending 31 December 2003, an increase…
#bank#funding#invoice
Raybor Management, Inc., a rapidly growing holding company, which includes factoring company Freedom Financial, announced financial results for the year…
Receivers for Versailles have recovered only Ј550,000 of the Ј19m fortune siphoned from the collapsed trade finance house by disgraced…
#3M#banks#trade
Indirect-tax specialists from Ernst&Young have warned all multinational companies trading in the Accession Countries that, in the area of indirect…
GE Commercial Finance, the business-to-business financial services unit of General Electric, announced yesterday that it has completed the acquisition of…
#acquisition#commercial finance#financial services
France's bank for SMEs, Banque du Developpement des Petites et Moyens Entreprises (BDPME), registered an 8.6 per cent rise in…
#bank#risk#smes
The Ultimate Finance Group has released its interim results1 for the six months ended 31 December 2003, which show a…
Magyar Takarйkszцvetkezeti Bank Rt (MTB) signed a deal with Kreditanstalt fьr Wiederaufbau (KfW), the German development bank, to take out…
#bank#investment#investments