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London Scottish Bank Seeks Purchases to Bolster Factoring

London Scottish Bank PLC is looking for acquisitions to bolster its consumer credit and factoring businesses. The company is parent to Isis Factors PLC and Sygnet Management Services Ltd. Yesterday London Scottish Bank unveiled pre-tax profits up16% to Ј8.02 million...

#acquisition#bank#debt collection

Regency House Finance Reports Increase in Profit for Year...

Regency House Finance, a factoring company based in Lancashire, has released its directors’ report and financial statements for the period…

#trade#training


FSB Scotland Says Government Must do Better on Late...

FEDERATION of Small Business Scotland on Sunday criticised the government's attempts to improve the "late payment culture", branding legislation which…

#bank#late payment#small business


CIT Sale Delayed as Tyco Experiences Legal Problems

Tyco said the sale of its CIT finance unit could be delayed a week. The company had promised to complete…

#CIT#CIT Commercial Services#international


BA-Creditanstalt-Leasing Poland is to merge with Bankowe Towarzystwo Leasingowe...

BA-Creditanstalt-Leasing Poland, a financial leasing services company is to merge with Bankowe Towarzystwo Leasingowe SA, a leasing services company and…


iBX Group Announces National Strategic Alliance With Sun Capital...

iBX Group, Inc., a publicly held Florida corporation, on Wednesday announced the establishment of a national strategic alliance with Sun…

#capital requirements#financial services#management


Bay View Announces Sale of Factoring Unit

Bay View Capital Corporation announced yesterday the sale of its San Mateo-based factoring business with approximately US$25 million in factoring…


Five Arrows Record Seven-fold Increase in Profit for the...

Five Arrows Commercial Finance Limited enjoyed a seven-fold increase in profit for the year ended 31 March 2001. Profit before…

#commercial finance#i#interest


FDA’s Quarterly Statistics Show 15% Increase in Total Factored...

The Factors and Discounters Association (FDA), the trade body representing factors and invoice discounters in the UK, has released the…


Bibby Launches Guide to Coping with an Economic Downturn

Leading business finance firm Bibby Financial Services launched a free guide last week to help business owners trade through a…

#business finance#financial services#management


Asta Funding Acquires US$490 Million of Distressed Consumer Receivables

Asta Funding, Inc., a leading consumer receivables asset management and liquidation company, today announced that the company has acquired three…


Unicredito Italiano SpA is to Buy 50% Stake in...

Unicredito Italiano SpA said it has reached an agreement to buy a 50% stake in Koз Financial Services, a unit…

#bank#financial institution#financial services

FDA Report Growth in Larger Companies using Invoice Finance

More businesses are turning to invoice discounting to assist their export drive into Europe finds the latest Factors & Discounters…

#international#invoice#management

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