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The Government of Taiwan is seeking to accelerate the introduction of a new law aimed at reducing the number of financial institutions operating in the country by encouraging mergers. At the same time, a cabinet committee charged with overseeing economic...
The French based bank Crйdit Lyonnais has sold 85% of its Portuguese subsidiary Crйdit Lyonnais Portugal to the Spanish bank…
In January-June 2000 the six largest listed Malaysian banks recorded new non-performing loans at an annualised rate of 11% on…
#banks#economy
The USA based SunTrust banking group which includes a factoring operation has reported net income of $326.8m in the third…
#SunTrust
In the July-September 2000 quarter Bank of America, the second largest US financial services company, whose interests include factoring, recorded…
UniCredito Italiano SpA, the Italian banking group, is to bid for the Czech Republic’s third largest bank, Komercni Banka (KB)…
#bank#poland
The EU’s single market commissioner, Frits Bolkestein, has today urged EU banks to speed up payments between banks and reduce…
#bank#banks#international
The proposed merger reported last month between Kereskedelmi es Hitelbank (a subsidiary of Belgium’s KBC Bank) and Magyar Bank (owned…
#ABN AMRO#bank#banks
The leading online marketplace for the global seafood industry, Worldcatch has today launched a factoring service offering sellers of seafood…
A deal was completed today which saw Unicredito Italiano raise its stake in Poland’s Bank Pekao from 50.09 % to…
Fairfax Gerrard Holding Limited today released their annual accounts for the year ended 31 December 1999. Turnover has fallen by…
#BCR Publishing#debt financing#trade
As of today, the company formally known as Credit Lyonnais Commercial Finance Ltd will be known as Eurofactor (UK) Ltd.…
Den norske Bank, Norway’s largest bank and parent company of one of the Norwegian factoring industry’s major players (DnB Factoring)…
#bank#factoring industry