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Former Versailles Executives Charged

Following their surrender today at Charing Cross Police Station, Carl Cushnie, the former Chairman and Chief Executive of Versailles, and Frederick Clough the former Finance Director, were charged today with fraudulent trading contrary to Section 458 of the Companies Act...

City Invoice Finance Break into the Profit Zone

The annual accounts for the factoring company City Invoice Finance Ltd for the year ended 31 December 2000 record that…

#bank#invoice#small business


Accord Financial Corp Announce Second Quarter and First Half...

The Toronto-based Accord Financial Corp (which through its subsidiaries in Canada and the United States, provides asset-based financial services to…


KBK Capital Corporation Plans to Boost its Factoring Portfolio...

KBK Capital Corporation, which provides financial services to middle-market businesses, today reported its operating results for the second quarter and…


French Factoring Market is Still Very Concentrated

There are very few factoring companies in France (25 at the end of 2000), and the five main players in…

#Factofrance#Two


Taiwan's Bank Sinopac launches MMAb2b.com to Provide Factoring Service...

Taiwan-based Bank Sinopac launched a website--MMAb2b.com to provide factoring service for enterprises in August 2000. Bank Sinopac has recorded a…


Bidders Emerge For Euro Sales Finance

Euro Sales Finance, the invoice and factoring group that issued a profit warning back in April, has come into play…


Maybank Develops All-In-One Finance Package

MAYBANK Group has come up with an all-in-one financing package for industrialists requiring financing from scratch for their businesses. The…


Bay View Capital CEO Outlines Strategy at Annual Shareholders'...

CEO of Bay View Capital Corporation (based in the San Francisco Bay area) outlined the company's strategy for building shareholder…

#leasing


ZBD Financial Services Profit Up 177%

Although it had a net loss under current cost accounting, ZDB Financial Services saw its net profit increase by 177%…

#financial institution#financial services#interest rates


Prompt Payment not a Priority

League tables for over 4,000 companies published by the Federation of Small Businesses (FSB), a member of the Better Payment…

#FSB#GDP#late payment


SFO Reports Case of Alleged Defrauders of International Factors...

The Serious Fraud Office has released its annual report which this year records the completion of the case against David…

#bank#international#invoice

Taiwan's Banks to Provide T$1.5bn in Lines of Credit...

Taiwan's Small and medium Business Credit Guarantee Fund (SMBCGF) reported yesterday that a number of banks are to start providing…

#bank#banks#guarantee

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