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Royal Bank of Scotland Completes Euro Sales Purchase

The Royal Bank of Scotland has completed the Ј68 million purchase of Euro Sales Finance. The Bank had already declared the cash offer for the entire issued and to be issued ordinary share capital of Euro Sales Finance unconditional as...

United Factoring of Thailand Seeks Alternative-Market Listing

United Factoring (1993) Co plans to seek a listing on the Market for Alternative Investment by the middle of next…


CIT Renamed Tyco Capital

Tyco International Ltd. announced that its financial services group, CIT, which includes CIT Commercial Services, the largest factoring company in…


Davenham Trade Finance Shines in Solid Davenham Group Results

The annual accounts for Davenham Trade Finance Ltd, the factoring and invoice discounting arm of the Manchester-based Davenham Group plc,…


Big-3 Banks Allowed to Operate Cross-Strait Banking Services Including...

The Ministry of Finance has issued a green light for the 'big-three' commercial banks--First Commercial Bank, Hua Nan Commercial Bank…


Decline in New Business Start-Ups

83,570 new businesses were started in England and Wales during the second quarter of 2001 – 16% down on this…


Uncertainty Regarding Fate of Demir Factoring

Demir Factoring, the largest of Turkey’s 95 factors with 8.9% market share in 1999, is facing an uncertain future. Whilst…


Davenham to Seek London Listing

Davenham Group plc, the niche provider of asset-based specialised finance solutions to the UK small and medium-sized enterprise (SME) market,…

#bank#management#smes


Irwin Unveils Pilot to Offer Troubled Small Businesses a...

Head of the Small Business Service David Irwin today unveiled a pioneering scheme aimed at giving small business suffering from…


DTI Grants RBS/EFS Merger Clearance

The Secretary of State for Trade and Industry has decided on the information at present before her, and in accordance…

#acquisition#bank#BCR Publishing


Global Trade Finance Commences Trading Today

The new Indian factoring and forfaiting company Global Trade Finance, a joint venture between EXIM Bank and West LB, is…

#bank#conference#credit protection


Fortis Aim for Profit in 2001 as they launch...

The annual accounts for Fortis Commercial Finance Limited, the factoring company formed in July 2000 by integrating FMN Financial with…

#bank#commercial finance#International Trade

FS-Banken and SEB Merger Thwarted by EU

The planned merger between SEB and FцreningsSparbanken, two of Sweden’s largest banks, has become unviable as a result of concessions…

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