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Global

Bank of England cuts rate while ECB holds firm

The Bank of England yesterday surprised the markets by cutting its primary interest rate by a quarter of a percentage point to 3.75 per cent, the lowest rate since 1955 and the first change for 15 months. The Bank said...

#bank#Bank of England#interest rates

Kaulkin Ginsberg report the second busiest year in accounts...

Kaulkin Ginsberg today announced that with 55 deals completed in 2002, the year was the second busiest ever in Accounts…


Chamber of Commerce seeks Securitisation Act review

The Chamber of Commerce (PHDCCI), in its pre-Budget memorandum, has urged the Government to review the Securitisation Act, provide longer…

#conference#financial institutions#investment


Alliance Entertainment Corp. extends US$135m asset-based credit revolver

Alliance Entertainment Corp. today announced that it has extended the term of its Revolving Credit Facility with GE Commercial Finance…

#BPM#commercial finance#management


Euroges Factoring profitability up 42%

Banco Espirito Santo Overseas Ld has published results showing consolidated net profit reaching Euro 222.1m, which corresponds to an increase…

#insurance#international#international factoring


Banks rush to expand lending to SMEs

Local banks, under pressure to scale back consumer lending to households and individuals, are scrambling to find alternative ways of…


Penalties beefed up over late payments

Disputes over late business payments are popularly depicted as a David and Goliath struggle between a small supplier and a…


Dutch giant adds factoring to its services

In a bid to add debt purchasing and surveillance to its local service portfolio, Dutch debt collecting giant Intrum Justitia…

#debt collection#i#management


GE's global strategy includes commercial finance expansion

The purchase of First National's consumer credit operation fits with the global strategy of one of the world's largest conglomerates.…


Bankers and lawyers advise investors to flee the retail...

Bankers and lawyers are advising investors to pull out of the retail, automotive, insurance, household and textiles and telecom sectors…


Fleet Capital announce US$15m asset-based finance deal

Measurement Specialties (Amex: MSS) announced today that on Friday, 31 January 2003, the Company has entered into a three-year US$15…

#AMEX#management#security


Numerica business recovery group awarded ISO 9001: 2000 accreditation

Business services group Numerica Group plc today announced that, following an audit by the International Standards Organisation(ISO), its ISO 9001…

#international#management#risk

First economic indicator of the month

Manufacturing economy contracts more sharply in January as new business falls and capacity is cut. For the first time since…

#economy#inflation#investment

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