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A small bank in Norway is suing accounting giant KPMG after losing NOK 125 million on the bankruptcy of factor Finance Credit. KPMG had audited some of the biggest companies in the Finance Credit system. The bank, Sparebanken Vest, and...
#bank#bankruptcy#banks
Zurich North America's Emerging Markets Solutions unit (ZEMS) has announced the signing of a political risk insurance cooperation agreement with…
#bank#emerging markets#international
As more eastern European countries prepare to join the European Union next year, Poland has become the UK's leading export…
#bank#exporters#International Trade
China Construction Bank (CCB) and China Export & Credit Insurance Corp. (CECIC) have signed an overall cooperation agreement and a…
Gerling-Konzern, the struggling German insurance group, is reported finally to be making some headway in the planned sale of Gerling…
#bank#Deutsche Bank#insurance
Despite a strong pound, weak stock market and the continuing political uncertainty in the Middle East, Britain’s export sector remains…
#business finance#exporters#exports
GMAC Commercial Finance, the UK's largest independent invoice finance and asset based lending specialist, has agreed to a Ј5m refinancing…
#cash-flow#commercial finance#funding
Key Points · Business confidence continues to deteriorate with half of SMEs less optimistic about business prospects. · 37% of…
Small businesses are better placed to survive the current downturn than they were during the last UK recession, according to…
Banco Comercial Portugues has reported net income for the first quarter of 2003 at Ђ95.6m, 36.7% up from the last…
#asset management#Boost#leasing
Muscat Finance Co Ltd, which is operating in three main areas such as retail financing, equipment leasing and factoring and…
#banks#capital requirements#international
DrugMax, Inc. has announced that the company has secured a three-year, US$40m credit facility with Congress Financial Corp., a subsidiary…
Of the Rs 95 crore credit that the Credit Guarantee Fund Trust For Small Industries (CGTSI) has disbursed, Karnataka leads…
#bank#guarantee#guarantees