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Chailease Launch E-Commerce Service

From August 2000, clients of the Chailease Finance Corporation, Taiwan’s largest international factor, will be able to access their accounts on line. The services available will include an on line credit request facility, credit response, A/R assignment and debt management...

#assignment#e-commerce#international

Venture Finance expand their Product Range

Equity Participation and Trade Finance Services now available. Venture Finance plc has diversified its product range by introducing the above…

#invoice#trade


Magyar Annual Report

Key figures from Magyar Annual Report(HUF million) 1999 Total Assets 682,963 Shareholders' Funds 61,369 Profit before taxation 7,170 Capital Adequacy Ratio(BIS, unc.,%) 14.0% 


Management Buy-Out of Davenham Group for Ј60 million

The Bermuda based Bank of NT Butterfield & Son have made Ј60 million from an MBO of the Manchester based…

#bank#Bank Leumi#Leumi


Bank Lending Declines 18.7% in First Half

Bank lending in Thailand declined 18.7 percent, or 820 billion baht, compared with last year's first half, said Thai Farmers…

#bank#DBS#interest rates


China Signals Freer Policy on Interest Rates

The Chinese Government is paving the way for a relaxation of currency trading rules as part of sweeping reforms to…


Positive Reaction to Mexican Election

The election result for 2 July was better than expected. The financial markets reacted very well, with falls in country…

#interest#interest rates#risk


Insolvency Service Crack Down on Crooked Directors.

The Insolvency Service’s Annual Report, released on July 20th, has shown a 20% increase in the number of unfit directors…


Enel Invests in Factoring

Enel, the Italian electricity group, has created Enelfactoring, a new company which will operate in the corporate factoring sector. The…

#bank#cash-flow


Hewitt Launches Business Debtline

Small Business Minister Patricia Hewitt on the 12 July 2000 launched the Business Debtline, a telephone helpline aimed at helping…


Factoring Turnover up 42%

The Spanish factoring sector posted a turnover of Pta2,288bn in 1999, up 42.16% on 1998 figures of Pta1,600bn, thanks to…


Finova In Trouble

Finova Group Inc. retained Credit Suisse First Boston to review strategic alternatives, including a possible sale, due to short-term financial…

MetroCorp BancsharesInc. Records a $5.3m Factoring Receivable Charge-Off

MetroCorp Bancshares Inc. announced that Advantage Finance Corporation, the factoring subsidiary of MetroBank N.A., has reportedly been the victim of…

#3M#bank#interest rates

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