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Tyco Former Executive Being Sued for Receiving US$20 Million...

Tyco has filed a suit against former director Frank Walsh. The company said that the Mr Walsh received an improper payment of US$20 million as a finder’s fee after the company bought its CIT lending unit last year. CIT Group...

RBS Commercial Services Completes London Team

The Royal Bank of Scotland Commercial Services (RBS Commercial Services), the invoice finance arm of The Royal Bank of Scotland,…

#bank#invoice#management


WCC Services Plan to Acquire all Issued and Outstanding...

WCC intends to acquire all of the issued and outstanding shares of Liquid Capital Corporation, a private, Ontario-based business providing…

#acquisition#i#management


Paul Beveridge Returns to Venture Finance

Paul Beveridge has returned to Venture Finance to head the structured finance division. He left the company to help set…

#ABN AMRO#bank#invoice


New Factoring Company Ultimate Finance Group Plc Raises Ј1.82...

Newly formed Ultimate Finance Group PLC, a factoring, invoice discounting and trade finance company was admitted to AIM and has…

#commercial finance#invoice#management


Paul Beveridge Returns to Venture Finance.

Paul Beveridge has returned to Venture Finance to head the structured finance division. He left the company to help set…

#ABN AMRO#bank#invoice


CIT Files Amended Registration Statement for Initial Public Offering

CIT Group Inc. announced that an amended registration statement has been filed with the Securities and Exchange Commission by CIT…


Resource Bank’s Factoring Division Defrauded by Construction Firm

A federal grand jury on Wednesday charged that Michael R. Agnew, president and sole owner of AGM, and Barbara M.…


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…

#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…

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