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Zurich Insurance Group files counterclaim amid Greensill collapse

Zurich Insurance Group has filed a counterclaim in London's High Court, alleging a 'conspiracy' involving financier Lex Greensill, steel magnate Sanjeev Gupta, and their companies, according to the Financial Times. The lawsuit, stemming from the collapse of Greensill Capital in...

#Greensill#Sanjeev Gupta#trade credit insurance

UK Export Finance boosts support for Northern Irish business...

UK Export Finance (UKEF) has announced a guarantee for up to US$100m of new support to help a Northern Ireland…

#Jeremy Hunt#UK Export Finance#UKEF


Manx Financial comments on UK interest rates unchanged

Commenting on UK interest rates remaining unchanged, Douglas Grant, Group CEO of Manx Financial Group, said: “Today's decision to maintain the…

#Douglas Grant#Manx Financial#SMEs finance


Kriya raises £50M funding facility from Viola Credit, to...

Kriya, the B2B invoice finance and payments fintech, today announces that it has secured a new £50m debt facility from…

#Cash flow#cash-flow#Kriya


FSB and Capitalise launch SME funding platform

Small businesses are finding it harder to access finance and are seeing credit costs rise, according to new research by…

#business finance#credit risk#management


Optimum Finance names Iain Hendry to lead UK sales

Optimum Finance, an invoice finance specialist, has promoted... (more…)

#Ant Persse#Optimum Finance


YouLend secures deal to extend £4bn in financing to...

YouLend, a global finance platform, has closed a private securitisation deal with JP Morgan as a senior lender and Castlelake,…

#embedded finance#JP Morgan#YouLend


British Business Bank’s RLS 3 surpasses £1bn in funding

The British Business Bank (BBB) revealed today that its Recovery Loan Scheme (RLS) has reached a noteworthy milestone by facilitating…

#Martin McTague#Recovery Loan Scheme#Richard Davies


WTW propels Michael Creighton to lead GB Trade Credit...

Global advisory firm WTW has promoted Michael Creighton to Head of Trade Credit and Trade Finance, Great Britain. Reporting to…

#Managerial Appointments#trade credit#wtw


Fintech Tint Financial Services hits £15m funding milestone

London-based Tint Financial Services, a cross-border fintech committed to streamlining and improving trade for SMEs and their supply chains, has…

#financial services#international#International Trade


Supporting viable business from folding in 2024 

Ed Rimmer, CEO at alternative lender, Time Finance, shares his insight on the frequent causes of insolvency, the impact it…

#Ed Rimmer#insolvency#Office for National Statistics


Comments from specialists on rise of UK inflation

Commenting on the surprise rise in UK CPI to 4 per cent, Richard Carter, CEO of Lenvi, says: “The inflation…

#Douglas Grant#inflation#Lenvi

Navigating 2024: Top 5 considerations for alternative lenders

Douglas Grant, Managing Director at Conister Bank, reveals below the top 5 considerations for alternative lenders in 2024.As 2024 unfolds,…

#alternative lending#Conister Bank#Douglas Grant

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