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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 of America’s factoring operation, Bank of America Commerical Finance, has been deferred until the new year. No further information on...

#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 Economy Shows Mixed Signals

The Tankan survey published by the Bank of Japan in early October 2000 suggests that the Japanese economy is moving…


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…

“Fragile” Recovery in Thailand Likely to Weaken

The Thai economy has moved ahead strongly in recent months, enjoying growth of 6.6% in the April-June 2000 quarter. During…

#bank#economy#exports

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