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'RBS and NatWest stalked' Versailles

The disgraced former finance director of collapsed trade finance house Versailles claimed at Southwark Crown Court that the Royal Bank of Scotland and National Westminster Bank wanted to take it over. Frederick Clough, who has pleaded guilty to conspiracy to...

Coface announces markedly improved results for 2003

The Coface Board of Directors, which met on 2 March, has approved the 2003 financial statements. Consolidated turnover up 11.5%…


Factoring in Pisces

A newly named star appears in the night sky with the name ‘Factoring’, according to Mikhail Treyvish, chairman of the…

#factoring industry


Euro interest rates remain at 2%

The cost of borrowing in the 12-nation eurozone is to stay at 2% for March - despite calls for reduced…


BoE holds the line on interest rates for now

The Bank of England has kept interest rates at 4.0 percent, a month after raising them by a quarter-point, but…

#bank#Bank of England#Deloitte


Outsourcing for SMEs

Specialist outsourcing company, Human Capital Support Services Limited (HCSS) has today announced the acquisition of Company Management Limited (CML). The…


Ex-Im bank approves US$60 million credit for Mexican utility

The Export-Import Bank of the United States (Ex-Im Bank) approved a US$60 million credit guarantee facility to back the purchase…


Acquisition of factor extends First National's lending presence to...

First Community Bancorp today announced that it completed its previously announced acquisition of First Community Financial Corp., or FC Financial,…


New factor and asset-based financier posts profit

Greenfield Commercial Credit (Canada) Inc. is pleased to announce that after only 7 months of full operations as a specialty…


Coface stock powers ahead on record results

Coface, the French credit insurance company, saw its shares deliver the best performance in the deferred settlement system (SRD) yesterday…


Grant Thornton strengthens regional presence of its recovery &...

Business and financial advisers, Grant Thornton, today announced the appointment of Keith Hinds and Robert Caven as partners within its…

#insolvency#international#Two


Government secures $17m from Siftel to promote SME growth

The government has secured a $17 million fund from the SIFTEL Bank of the United States to support and promote…

CBI warns Brown against further rise in business tax

The CBI employers' body is calling on the chancellor to simplify the business tax environment in his Budget speech this…

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