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Bibby Factors to Set Up Leeds Office

The Bibby Group of Factors, the largest independent factoring organisation in the UK, is to open Bibby Factors in Leeds. The company will be headed by Jocelyn Spratt, who has 15 years’ experience in the financial services industry. Jocelyn said:...

#BCR Publishing#financial services#WHO

Banks Limit Lending to High-Tech Firms

The latest Federal Reserve report of loans made by banks reveals they are not nearly as keen as they once…


Banca Quadrum Goes into CNBV Administration

Mexico's Comision Nacional Bancaria y de Valores (CNBV) has stepped in to administrate Banca Quadrum, one of the 'new' banks…


CMRC Research Identifies Worst Hit Industry Sectors

A survey of over 1,000 firms by the credit management research centre (CMRC) reveals that businesses within the business and…


Gerling/NCM Joint Venture to Consolidate their European Factoring Presence

Gerling Versicherungs-Beteiligungs-AG (GKB) and Swiss Re have reached an agreement on forming a joint venture between Dutch credit insurer NCM,…

#international#management#receivables


Merchant Commercial Finance Records 40% Turnover Increase

The London-based trade finance company, Merchant Commercial Finance, has recorded a 39.7% increase in turnover in the year ended 28…

#commercial finance#export finance#financial services


Fraud Causes Fall in Profits at Five Arrows

Five Arrows Commercial Finance, which in the year ended 31 December 1999, recorded profits before tax of Ј890,000, has seen…


Siam General Factoring Records Impressive Growth in Profit in...

Siam General Factoring, the third largest player in the Thai market behind Thai Farmers Heller and Ayudhaya International Factors, has…


Industry Ministry Lobbies to Establish New SME Bank

The Industry Ministry wants laws establishing a new SME bank to explicitly protect lending officers from legal liability if assets…

#bank#banks#risks


Cutfin Joins FCI

Cutfin, Absa's debtor finance house, has joined the ranks of almost 150 companies in more than 50 countries by becoming…

#international#international factoring#risk


Eurofactor (UK) Comment on their Return to Profit in...

Eurofactor (UK) Ltd, the company formerly known as Credit Lyonnais Commercial Finance Ltd, have recorded a return to profit in…

#BCR Publishing#commercial finance#insolvencies

Royal Bank Of Scotland Agrees Terms To Buy Euro...

The Royal Bank of Scotland plc (“RBS”) has agreed the terms of a recommended cash offer for the entire issued…

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