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Invoice financing provided to small- and medium-size enterprises (SMEs) rose towards the end of 2002, although the use of leasing by SMEs declined in the same period, according to the Bank of England's annual report Finance for Small Firms. By...
Moody's today assigned its Aa3 insurance financial strength ratings to the main operating entities of the Coface Group (Coface SA,…
John Verrill, the president of the Association of Business Recovery Professionals(R3), the body representing insolvency practitioners and company doctors, slammed…
#banks#insolvency#Paid
The state-owned Development Bank of the Philippines (DBP) has set aside an initial P5 billion for its factoring facility as…
#bank#funding#receivables
Bankruptcy filings in Norway soared 41.3% during the first three months of 2003, compared to the same period last year.…
In a survey of 164 companies by Factors Chain International (FCI), Hansa Capital climbed nine places to number 43 in…
#international
An insolvency practitioner has lost his licence to practice after being convicted of conspiracy to defraud creditors. Sudhir Rishi, also…
#insolvency#trade#WHO
John Verrill, head of corporate recovery and partner at leading law firm Lawrence Graham, was today appointed president of R3,…
The Small Enterprise Development Corporation (Sedco) has, since 2002, distributed loans amounting to $949 million to over 1,557 borrowers under…
#GDP#smes#unemployment
After struggling for more than a year to sell its stake in Gerling, the crumbling insurance concern, Deutsche Bank is…
#bank#Deutsche Bank#insurance
A small bank in Norway is suing accounting giant KPMG after losing NOK 125 million on the bankruptcy of factor…
#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