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Banker seeks answers as factor collapses

In the world of banking, relationships are often based on trust, admiration and respect. Victor C. Balestra, president and chief executive of Espirito Santo Bank in Miami, is discovering that's not always enough. Balestra's institution has alleged in court filings...

RM1bn micro credit for SMEs

The RM1 billion micro credit scheme, announced in the New Strategies Package unveiled last May, has received overwhelming response from…


Infoscore aims for 12% turnover increase

Infoscore Management und Beteiligungs GmbH, the German provider of factoring and debt collection services, as well as of information on…


PNC Bank earns US Export-Import Bank designation

PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. has been designated by the Export-Import Bank of…

#bank#bank loan#exporters


Committee to address concerns over financing companies

The Securities and Exchange Commission (SEC) has formed a committee to look into the activities of financing companies and to…

#banks#regulation#SEC


Higher tax threshold a significant benefit for SMEs

The absence of a broad-based corporate tax cut in Budget 2004 is compensated by the increased tax threshold for small-…


Lloyds TSB provides Ј9 million invoice discounting solution for...

A Stratford-upon-Avon based company is set to grow into one of the biggest vegetable suppliers in its field after eating…


Significant corporate insolvency changes go into effect

On September 15, 2003, the corporate insolvency provisions of The Enterprise Act 2002 (the Act) come into force in England.…


NaviTrade adds banker to enhance exporting

NaviTrade Structured Finance of Colorado, announced the addition of former Bank One International Corp. president Darin Narayana to its team…

#bank#international#receivables


Finance Credit co-founder indicted

Trond G Kristoffersen, who co-founded the collapsed Finance Credit firm, has been indicted for allegedly swindling Norwegian banks for NOK…


Bank International Indonesia to disburse US$11.8m in loans for...

Bank International Indonesia (BII) will disburse loans totalling Rp100 billion (US$11.8 million) to bolster activities in the real sector and…

#bank#banks#international


Economic growth overtakes that of US

Japan has been growing faster than the US for the first time since 1991, according to revised second-quarter gross domestic…

#bank#exports#ING

Record small business SBA lending in Western Washington

A good year at the local SBA office. Small-business funding in Western Washington totalled $286.2m in loans to 1,329 companies…

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