Continued decline in bankruptcies in 2007
According to new statistics released on Friday, 690 bankruptcies were registered in the last quarter of 2007.
Glitnir Factoring, a subsidiary of Glitnir Bank, continues its high growth through the first half 2006. The flow of invoices through the company's invoicing system was
In recent years factoring has become more accepted by bankers and accountants as an alternative to the overdraft facility and total factoring turnove The Icelandic bank Islandsbanki said on 11 April that its Norwegian subsidiary Kredittbanken ASA had made an offer for all shares in the Norwegian factoring services provider FactoNor AS.
Trond G Kristoffersen, co-founder and former chief executive of scandal-ridden Finance Credit, was sentenced to nine years in prison on Tuesday. It's the stiffest prison term for white-collar crime ever handed down in Norway.