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Deutsche Bank blocks deal to save part of Gerling

Deutsche Bank, the German bank, has called a halt to the takeover of Gerling NCM by Swiss Re. The only possible solution would be to involve a neutral investor in the deal. Gerling NCM achieved turnover of Ђ1.35bn in 2002...

#bank#Deutsche Bank#insurance

Bankruptcies fall but danger ahead

Bankruptcies in Japan fell about 5 per cent in the last business year, according to independent research firm Teikoku Databank,…

#bankruptcy#banks#economic recovery


Briar Capital opens for inventory and accounts receivables financing

Two familiar faces in the Houston financial services industry have formed Briar Capital LP., which focuses on small- and medium-sized…

#bank#financial services#receivables financing


Bank of America’s Business Credit Europe wins award

Bank of America, Business Credit Europe won European Venture Capital Journals’s award for asset-based finance provider of the year in…

#bank#Bank of America#commercial finance


Latest statistics from Factors Chain International

Worldwide factoring industry experiences healthy growth despite difficult market conditions Fresh statistics for 2002 show a 4% growth for worldwide…


Easing cash flow for small firms

Small businesses in Japan are having severe cash-flow difficulties, even though the Bank of Japan (BoJ) is pumping plenty of…


Banks snub SME loan programme of government, which now...

Leading Mexican banks Santander Serfin, Banco Bital and BBVA Bancomer have made only 30% of the 15,800 small business loans…

#BBVA#commercial lending#guarantees


Senior factoring representatives from all over Europe meet at...

The capital city of Denmark, Copenhagen, was the location for this year’s BCR Receivables Finance International European conference. Running from…

#ABN AMRO#bank#commercial finance


Capital Factors Inc. wins US District Court judge’s support...

Whether Kmart Corp. should have paid several suppliers in the days after its bankruptcy filing has fuelled a legal fight…

#bankruptcy#Paid


Export Credits Guarantee Department backs refit and sale of...

Two Royal Navy frigates will be setting course for a new lease of life in the Black Sea after a…


British business looks for rate cut in the near...

Following the decision today to keep interest rates on hold the CBI is calling on the Bank of England to…

#bank#Bank of England#British business


Consumer direct sales firm raises US$100 million, backed by...

Fingerhut Direct announced today that it has negotiated a $100 million senior secured line of credit comprised of a revolving…

#acquisition#CIT#receivables

Renewed weakness and rapidly falling profitability – CBI/Grant Thornton...

This month's survey revealed renewed weakness within the consumer service sector, with rapidly falling volumes of business and profitability, and…

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