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UK banks favour rescue and rehabilitation over insolvency

According to PricewaterhouseCoopers, mid-market companies have been particularly hit by the rise in company insolvencies in 2002. As a raft of major corporate restructurings and profits warnings squeeze suppliers and trade partners, insolvencies in the financial services sector, for example,...

#financial services#insolvencies#insolvency

SSIs still starved of credit

Concerned with the inadequate availability of credit to the small-scale sector, Minister of Small Scale Industries, C P Thakur, said…

#bank#banks#Boost


GERLING NCM join trade mission to Japan

Sixteen Welsh companies and organisations are in Japan on a weeklong trade mission. visiting Tokyo and Osaka. Major names taking…


Fortis Commercial Finance appoints new head of sales for...

Fortis Commercial Finance Limited (FCF) - part of the international Fortis Group, and a leading invoice finance provider across the…


Industrial Finance Corporation of Thailand plans new lending to...

The Industrial Finance Corporation of Thailand (IFCT) is likely to become a commercial bank next year, focusing on long-term industrial…

#bank#investment#smes


Hong Kong bank urges China to keep yuan stable

The yuan isn't undervalued and China should stick to its policy for a stable yuan, according to Bank of China…


Interest rates raised in effort to curb inflation

Brazil's central bank raised interest rates for the second time in a month to curb what new President Luiz Inбcio…

#bank#banks#emerging markets


Vietcombank gears up to be regional institution with SMEs...

The banking sector needs to embrace international safety systems within the next five years to ensure steady development of Vietnam's…


Central bank relaxes requirements for banks lending to SMES

The policy-making body of the Bangko Sentral ng Pilipinas is waiving the reporting requirements for banks making certain un-restructured loans…


Griffiths says EU enlargement is massive opportunity for SMEs

Small businesses were today urged to prepare for EU enlargement and take advantage of the biggest single market in the…


Export Credit Insurance Corp. of South Africa finances Canadian...

First Quantum Minerals Ltd said a final feasibility study for its US$163.4m Kansanshi copper-gold mine in Zambia sees copper cathode…


Freight bill factor files Chapter 7

A Denver transportation company was forced into Chapter 7 bankruptcy liquidation on 14 February according to US Bankruptcy Court filings.…

#3M#bankruptcy#Bill

Merger of credit cooperatives to create third commercial bank

Shanghai is planning to create a third city commercial bank by merging more than 230 rural credit cooperatives according to…

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