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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. In the US, General Electric's financial services division - once called GE Capital but now split into four units -...

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


Financial services firms are seeking to capitalise on their...

Company directors in financial services companies are attaching growing importance to the value of intellectual property, even though current accounting…


Legislative change increases credit insurance importance to creditors

Recent changes to the Companies Act could reduce the chances of creditors getting paid when debtors go into liquidation, Credit…

#guarantee#insurance#Paid


New interest rate in case of late payment

In order to combat delays in payment in commercial transactions, the Belgian legislator has transposed the EU Directive of 29…

#bank#i#interest rate


Leading credit insurer retains AA rating

Fitch Ratings, the international rating agency, has today affirmed the 'AA' Insurer Financial Strength rating (IFS) of Coface S.A., the…


Experian reports dramatic fall in insolvencies in January 2003

The UK recorded a dramatic fall in business failures in January following the introduction of the new Voluntary Arrangement moratorium…


RBS' invoice discounter poaches GE Capital man

Euro Sales Finance, the invoice discounting and factoring services arm of RBS, has appointed Steve Merchant, ex-regional director of GE…

#commercial finance#invoice#MAN


UK and Ireland biggest players in European securitisation market

A report by Moody's Investors Services, last year confirmed the UK and Ireland as the biggest player in the European…

#economy#interest#securitisation

Foreign investment in Myanmar drops in first three quarters...

Foreign investment in Myanmar dropped by 10.7 percent in the first three quarters of 2002 compared with the same period…

#investment#investments

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