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DnB, Norway’s biggest bank and parent company of Norway’s largest factoring company, DnB Factoring AS, has announced a record 30% rise in pre-tax profit for the first six months of the year. The figure was given as NKr2.59bn (US$288m). DnB...
Clearly Business, a joint e-venture between Freeserve and Barclays Bank has been launched today. The website is planned as an…
#bank#BCR Publishing#small businesses
The European financial group Fortis is currently in contention with the Japanese investment bank Nomura. The bone of that contention…
On Friday, the governor of the Bank of Japan, Masaru Hayami, persuaded the bank’s policy board to raise rates from…
#bank#economy#interest rates
As part of a large expansion programme, Chile’s Banco de A. Edwards announced yesterday that it had opened a factoring…
The US’s largest provider of factoring services, CIT Commercial Services, has announced that it will form a strategic alliance with…
#CIT#CIT Commercial Services#e-commerce
The Finova Group has today announced that it has signed an agreement to sell its commercial services business (which provides…
Hiromu Nonaka, the Secretary General of Japan’s ruling Liberal Democratic Party has made an announcement regarding future changes in the…
German Chancellor Gerhard Schrцder, referring to his country’s reputation for high taxes and low growth, has declared that “The German…
#BCR Publishing
The Federal Reserve’s latest survey on regional economic conditions indicates that the rate of growth in the US has slowed…
US venture capital financing has slowed slightly in the second quarter, but still remains at record levels of about US$1bn…
A new rule is proposed by the US Securities and Exchange Commission to stop companies giving favoured analysts and investors…
Company Volume Factored in $ millions Percentage Increase from 1998 Percentage of Industry Total Volume Non Recourse Factors Accord Business Credit Inc 762 -1.2% 26.3% GMAC Commercial Credit Corp 740 -5.1% 25.6% Brome…