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Bail granted to bank fraud executives

A judge granted bail to two brothers accused of defrauding a Portuguese bank branch out of $170 million that was devoted to a money-losing joint venture on Monday. Federal prosecutors planned to appeal the decision allowing Eduardo and Hector Orlansky...

#bank#Paid#risks

STB sets aside funds from profits for SMEs

Standard Trust Bank (STB) has set aside over N600 million of its profits for small- and medium-sized enterprises (SMEs) development…


SME sentiment indicator tumbles in November

The BPLG/AFP indicator of sentiment in the French small- and medium-sized business (SME) sector fell to 10 in November from…

#investments


New factoring joint venture

Natexis Factorem, the factoring unit of French banking group Natexis Banques Populaires, has acquired a 51 per cent stake in…


KfW's export and project finance division to become an...

Today KfW IPEX-Bank presented its business model to the public for the first time. A transitional period will begin on…


Bibby extends US presence

Leading business finance firm Bibby Financial Services is extending its reach in the US with the acquisition of Los Angeles-based…

#business finance#financial services#international


Credit insurance help for UK exporters to Iraq

UK exporters who want to take part in the reconstruction of Iraq are set to benefit from short-term cover offered…


State loan safety net for small firms in crisis

The government will soon have to tread a fine line between heeding small firms' calls to expand its loan guarantee…


Participation vital for small business growth

The primary objective of the Revised National Policy for Rural Development programme, co-owned by the African Development Foundation (ADF) and…

#small business#WHO


Network of offices to promote Lombard companies for exports

An agreement for the start of a network of regional offices to promote the process of internationalisation and development of…


Verdict in trial of Commercial Financial Services co-founder

A federal jury found former Commercial Financial Services (CFS) co-founder Bill Bartmann not guilty of charges tied to a company…

#Bill#financial services#Two


Sanpaolo IMI signs an agreement with SACE for Iraq

The Institute for Insurance Services for Foreign Trade (SACE) and Sanpaolo IMI have signed a Memorandum of Understanding for short-term…

#bank#exporters#international

KBC raises stake in insurer Warta

Belgian KBC Insurance raised its stake in Polish insurer Warta from 40.03% to 51.03%. The increase in the shareholding fits…

#bank#insurance#KBC

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