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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 have recently been recording increased earnings, the major banks are still registering falling profits. For instance, Sakura Bank Ltd, one...

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…


“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


CIT to Develop its E-Commerce Interests via Agreement with...

CIT Commercial Services, the leading US factoring company, has entered into an agreement with RetailExchange.com, the online business-to-business exchange for…


Fortis to Retain Dual Headquarters

The Belgian/ Dutch financial services group Fortis yesterday announced that it is planning to retain its dual headquarters in Brussels…

#financial services


New Insolvency Act Receives Royal Assent

The Insolvency Act 2000, which today received royal assent, is designed to encourage enterprise and to support viable businesses. The…


DnB to Merge Factoring and Leasing Operations.

It has been announced that DnB, Norway’s largest bank, intend to merge their factoring and leasing subsidiaries, DnB Factoring AS…


Possible Bank of America Commercial Finance Sale

An announcement of the sale of the US division of Bank of America Commercial Finance is expected next week. It…

#bank#Bank of America#BCR Publishing


FCI and IFG to Merge

It was revealed to factorscan today that Factors Chain International and International Factors Group are to merge. Details of the…

#BCR Publishing#international#international factoring


Asta Funding to Use Record Earnings to Develop Factoring...

The New Jersey based consumer receivables and management company Asta Funding Inc. has today reported results for its fiscal year…


Mizuho Banks Report Six Month Figures

The three banks which created the new “superbank” Mizuho in September have reported mixed half-year earnings. Dai-Ichi Kangyo Bank, Fuji…


Players Line Up in Contest to Win Komercni Banka

The Czech Republic’s third largest banking group, Komercni Banka is poised for privatisation and big players across Europe are lining…

Royal Bank Invoice Finance and Lombard Natwest Commercial Services...

The invoice finance arms of The Royal Bank of Scotland and NatWest Bank are to merge. From 1 January 2001…

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