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German business bankruptcies rose 16 per cent last year in another token of the country's gloomy economy, government data showed. The 37,579 business failures reported by the government statistical agency were the most since German reunification in 1990 merged West...
#bankruptcy#banks#economy
EquiFin, Inc, has announced the signing of a non-binding letter of intent to acquire Celtic Capital Corporation, a privately held…
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