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New FSA rules will 'hurt' SMEs

Plans by the Financial Services Authority (FSA) to require businesses to report electronically could force the closure of many small financial firms, experts have warned. Under the new rules, regulated companies such as banks, insurance brokers and independent financial advisers...

Swedes vote “no” to euro

Sweden delivered a crushing rejection of the single currency yesterday (14 September), turning its back on closer integration with Europe…


ECGC enhances credit operation

The Export Credit Guarantee Corporation of Zimbabwe (Pvt) Ltd (ECGC) says it is enhancing its credit operations at a time…

#bank#exporters#guarantees


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…


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…

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