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Global

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 company with operations in Norway, Sweden and Denmark, for about US$500 million. Santander Consumer Finance agreed to buy Elcon for...

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


European Investment Bank picks Kenyan intermediaries

The European Union has approved eight Kenyan banks as local intermediaries of the European Investment Bank (EIB). The approval means…

#African Development Bank#bank#capital requirements


John Major to be questioned in Mayflower audit inquiry

John Major, the former Conservative Prime Minister, faces questioning by the City watchdog over a Ј20 million black hole at…


VAT fraud helped to take 11bn euro toll on...

The huge VAT fraud on computer parts sales to Britain helped knock more than Ђ11bn off Irish exports last year,…

#economy#exports#i


UK engineers power to multi-million pound Algerian contract with...

A British specialist engineering company based in Lincoln is supplying 15 gas turbine units to Algeria's oil pipeline sector in…


Registration deadline for new and improved FDA certificate

The FDA Certificate course is an excellent way of helping key staff build their knowledge and understanding of the industry…

#invoice


First Business profits increase 273%

First Business Financial Services Inc., specialist in commercial banking, asset-based lending, commercial finance and leasing, reported net income of US$4.1…

#bank#commercial finance#financial services


FIMBank becomes second largest shareholder in India-based factoring company

In a company announcement on Friday, the directors of First International Merchant Bank (FIMBank) announced that it has agreed the…


After factoring acquisition, Desarrollo anticipates 10% increase in loan...

According to Estrategia, Chile's financial daily, Banco del Desarrollo is looking to up its loan portfolio 10% this year backed…

#acquisition#bank

Syrian textiles, apparel producers in a tangle

The textile and apparel sector is tied to the state's monopoly in ginning and exposed simultaneously to an indiscriminate marketplace.…

#exporters#exports#global trade

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