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Banco Popular Espaсol to Buy 50% Stake in Heller...

It was announced yesterday that the Spanish Bank Banco Popular Espaсol will be purchasing a 50% stake in Heller Factoring Portuguesa. Heller Factoring is one of the larger players in the Portuguese market, achieving a turnover of Ј6.81m in 1999....

#bank

Royal Bank of Scotland Commercial Services Open for Business

As of today, the invoice discounting arms of The Royal Bank of Scotland and The National Westminster Bank, Royal Bank…


GMAC Purchase of Bank of America Commercial Finance Likely...

Further to our report of 1 December 2000, it is understood that the announcement of GMAC’s intention to purchase Bank…

#bank#Bank of America#BCR Publishing


Fortis Plans to Drop Non-Core and Non-Performing Activities Unlikely...

The Belgian-Dutch financial services group Fortis is to withdraw from under-performing businesses that do not fit its overall strategy of…


Fortis Consolidates its Position in the Low Countries

Fortis, the Belgium/Netherlands based financial services group, has denied rumours that it is on the point of merging with another…


Accounts Released for Merchant Trade Finance Limited and Merchant...

Merchant Trade Finance Limited and Merchant Commercial Finance Limited today released their annual accounts for the fifteen months ended 29…

#commercial finance#Deloitte#international


UK Competition Commission to Investigate Possible Monopoly in Royal...

The Competition Commission, the UK’s anti-trust agency, is to extend its current investigation into the provision of services for small…

#bank#NatWest#small businesses


Pressure Growing on UK Banks to Ease their Terms...

The UK Competition Commission is in the process of investigating a possible oligopoly being operated by the four main UK…

#bank#forum#NatWest


National Australia Bank Set to Expand in the UK...

National Australia Bank (NAB) has confirmed its intention to use some of the $2.75 billion earnings from the sale of…

#ABN AMRO#bank#banks


New On-line Support Service for European SMEs

Business Europe has launched a new on-line service aimed at supporting small and medium sized companies (SMEs). The service will…


Euro Sales Finance to Use Bluestone Total-e-Business Software

Euro Sales Finance (ESF) has appointed Bluestone Software Inc. to power its dedicated web portal, the first of its kind…


Western Banks Force Financial Sector Reform in Developing Markets

Western banks are exercising a growing influence over their counterparts in many emerging market countries. They have been introducing a…

Japanese Banking Sector Fails to Show Signs of Recovery

The Japanese banking sector is performing badly compared with most other sectors of the economy. While many other large companies…

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