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Bank-owned factoring subsidiary integrates with parent

Century Business Credit Corporation, one of the largest bank-owned factoring companies in the world, has changed its name to Wells Fargo Century, after successfully integrating its credit products with Wells Fargo's products and services. "For more than 50 years, Century...

Funds not reaching local small businesses

The reluctance of some banking institutions to facilitate the use of the lines of credit made available through the Central…


Capital Leasing Pilot Project helps small business owners

Since 1961, hundreds of thousands of small businesses have obtained financing that might not otherwise have been available to them…

#financial institution#guarantee#leasing


Opening up public procurement to small firms

Small- and medium-sized businesses are set to win more contracts from central and local government. Ministers have promised to get…


GE Corporate Financial Services acquires NMB-Heller Limited UK

GE Corporate Financial Services announced today it has purchased NMB Heller Ltd UK from NMB Heller Holding N.V. The transaction…

#bank#commercial finance#ING


Paolo Medic bid for stake in Siam General Factoring

According to Chanin Yensudchai, managing director of Paolo Medic, operator of the Paolo Memorial Hospital, unlisted Paolo Medic is about…


Factor collapses after investing in major clients

Miami-based factoring company E.S. Bankest collapsed this month with debts of at least $170 million, leaving creditors and clients asking,…


Foreign investment inflow reaches Kc 1.27 trillion

The Czech Republic has attracted foreign investment worth Kc1.27 trillion (Kc127,000 per capita) the largest amount in central and eastern…


Shaping competitive and dynamic enterprises in an enlarged Europe

Experts from European governments and the private sector discussed the challenges facing small enterprises in Europe and presented their enterprise…


Ontario and Alberta to lead growth of small businesses...

Ontario and Alberta will foster the most growth in small businesses in Canada over the next five years due to…

#bank#CIBC#small business


Mandiri Bank to cut debt for SMEs

Shareholders of state-owned Bank Mandiri on Monday (29 September) approved the bank's plan to grant Rp2,000bn (US$238m) debt retrenchment, mostly…

#bank#management#smes


NIS30 million state fund to give loans to small...

The new fund for loans to small businesses will begin operations in the next few days after the Knesset Finance…

#bank#recession#security

Growth surprise boosts Brown and raises interest rate fears

The UK economy grew twice as fast as previously thought in the second quarter of 2003, official figures have shown.…

#bank#Bank of England#Commerzbank

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