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Banco Espirito Santo International Ltd (BES) sued accounting firm BDO Seidman on Tuesday, alleging it "rubber-stamped ... obviously false financial statements" of a company accused of defrauding the Portuguese bank's local branch of US$170 million. Espirito Santo and several of...
#bank#factoring fraud#international
EquiFin, Inc. has reported revenues for the first quarter ended March 31, 2004 increased by 57.6% to US$643,000, compared to…
#acquisition#business finance#interest
Many of the nation’s small-business owners apparently aren’t letting interest rate concerns and geopolitical uncertainty get them down. Their optimism…
Compared with the glamour and engineering dexterity on display in a tour round one of Boeing's aircraft factories in Seattle,…
#banks#commercial finance#financial services
Four men pleaded guilty to defrauding a Portuguese bank branch of US$170m through a sophisticated conspiracy that lasted nearly a…
#bank#Bill#Paid
GE is close to buying the commercial finance portfolio of Boeing Capital Corporation for about $2bn. The disposal of the…
Merrill Lynch, the largest US securities firm in terms of number of stockbrokers, is hiring salespeople to make loans to…
#commercial finance#conference#economy
US small businesses grew more optimistic last month as the future of the economy appeared brighter and earnings improved amid…
#economy#small business#small businesses
US software firm PFSweb has renewed a series of senior debt agreements, which include a factoring facility, with Fortis Commercial…
#commercial finance#factoring contract#financial services
Capital Factors, Inc., one of America’s leading factoring companies, announced the appointment of veteran factoring executive Harold I. Dundish as…
IIG Capital LLC, the New York-based trade finance company, has provided a US$3 million credit facility to Genio Group, Inc,…
As a result of the merger of Bank of America Corp. (BAC) and FleetBoston, the companies have combined the asset-based…
The US Federal Reserve yesterday signalled a shift in its stance on monetary policy, leaving interest rates unchanged while saying…
#bank#Bank of England#inflation