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EquiFin, Inc, has announced the signing of a non-binding letter of intent to acquire Celtic Capital Corporation, a privately held asset-based finance company based in Santa Monica, California. The acquisition of Celtic, combined with EquiFin's current asset-based loan activities, would...
Standard & Poor's Ratings Services has lowered to 'A+' from 'AA-' its long-term counter-party credit and insurer financial strength ratings…
#Allianz#insolvencies#international
Capital Bank Cashflow Finance Limited has released its annual accounts for the year ended 2002. The company recorded a profit…
#bank#cash-flow#interest
Credit managers of companies exporting to Latin America have accused credit insurers of failing to back them up and being…
#bad debts#exporters#exports
Finance Credit Limited has released its year ended 31 December 2001 report and financial statement. The report shows that the…
#alternative funding#funding#trade
All credit insurance cover by Export Credit Guarantee Corporation of India Ltd. (ECGC) on exports to Iraq is likely to…
#exporters#exports#guarantee
Commerce Asset-Holding Bhd recorded a higher pre-tax profit of RM747.6m for the year ended Dec 31, 2002, compared with RM515.6m…
#bank#CIMB#commercial finance
HVB Bank Hungary will offer subsidised loans to local small- and medium-sized enterprises (SMEs) under an agreement signed with the…
#bank#banks#risk
A recent survey by Greenwich Associates, a Connecticut institutional financial services consulting and research firm, indicates 18.8 per cent of…
French financial services company AGF Group said 2002 net income fell 63 per cent on write-downs of nearly Ђ1 bn…
Uncertainty abounds in the global economy, as equity markets disappoint, trade disputes proliferate and fears of war overwhelm. What kind…
#management#risk#trade
Canara Bank has launched a new scheme for small-scale industries (SSIs) banking with it. The bank will sanction a stand-by…
#bank#interest#working capital
Go to United Kingdom: Insolvency Act 2000 – A Further Erosion of Creditors’ Rights?