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'False promises' made at Versailles

Carl Cushnie, the founder of collapsed trade finance provider Versailles Group, threw a Christmas party five years ago for the richest investors in his private business, falsely promising them their money was safe from a scandal that had days earlier...

An interview with Mr. Miroslav Bernat, CEO of VUB...

VUB Bank – a member of Gruppo Banca Intesa – through its subsidiary VUB Factoring, has been providing its clients…

#bank#cash-flow#debt collection


Versailles Group director will testify for prosecution

The former finance director of Versailles Group will testify as a prosecution witness in the trial of Carl Cushnie, owner…


Exim Bank of India extends credit line to Sudan

Export-Import Bank of India (Exim Bank) has extended a US$50 million line of credit to Sudan. The credit line is…

#bank#Exim Bank


Association to help SMEs get funds

The Association of Banks in Malaysia chairman, Dr Rozali Mohamed Ali, said the association welcomed the government's call to look…


EU aims to make life easier for cross-border SMEs

Despite making up the bulk of service providers, many small- and medium-sized enterprises (SMEs) are at the moment failing to…

#European Commission#financial services#security


Northern Ireland – Business activity and new order growth...

According to the December Ulster Bank PMI® survey of the Northern Ireland private sector economy for the month of December,…


Fortis Commercial Finance Limited appoints leading industry expert as...

Fortis Commercial Finance is delighted to announce the arrival of Tim Corbett as its new managing director. Tim joins Fortis…

#bank#commercial finance#international


China Construction Bank to focus on overseas business

China Construction Bank, one of the country's big four State-owned commercial banks, said yesterday it would put an emphasis on…


Business left baffled by new EU invoicing regulations

Business has been thrown into confusion following the launch of new European Union regulations that came into force on 1…


SMEs get P16.65bn in loans

Small- and medium-sized enterprises (SMEs) in the country received a total of P16.65bn (US$300m) in loans last year through the…


Improved access to finance for small businesses

The government has announced a series of measures to help small businesses overcome barriers to raising and accessing finance. Measures…

#Access to Finance#debt finance#guarantee

European textile industry feels the heat of Chinese imports

The European clothing and textile manufacturers’ association, EURATEX, is seriously concerned about the steep rise in imports from China. EURATEX…

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