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Lesco Inc. (Nasdaq: LSCO) has completed the restructuring of its debt. Lesco said the restructuring includes the sale, for US$58 million, of the company's receivables portfolio to GE Business Credit Services; the refinancing of previous bank loan facilities with a...
#bank#bank loan#conference
Fortis (Fortis) has announced that the bank has signed a Sale and Purchase Agreement with Industrial and Commercial Bank of…
#bank#Bank of China#ICBC
The Hungarian Development Bank Rt (MFB) has made its first investment as part of its new venture capital activity. MFB…
#bank#Boost#i
Cable and Wireless Jamaica Limited (CWJ) is purchasing U.S.-manufactured cellular communications and equipment from Nortel Networks Inc., and eight other…
#bank#emerging markets#exporters
Mexican transport conglomerate Grupo TMM has closed a further US$25 million of certificates under a receivables securitisation programme, worth a…
#bank#commercial finance#receivables
Bank of Israel governor David Klein announced a 0.4 percent cut in the interest rates on 30 December, as was…
#bank#interest#interest rate
"HSBC's decision to exit the domestic factoring business was made as a result of our new strategic plan's emphasis on…
#bank#CIT#CIT Commercial Services
Germany's Euler Hermes Kreditversicherungs (Hermes) credit insurance agency plans to sue bankrupt commercial bank Inkombank to recover past debts from…
#bank#bankruptcy#Commerzbank
Salvadorian finance company Calpia will start operating as a bank in January 2004 under the name Banco ProCredit, according to…
#bank#banks#World Bank
Nearly two-thirds (60 per cent) of UK businesses have grown their turnover in the last 12 months, with almost a…
#bank#cash-flow#invoice
Brazil's national development bank BNDES boosted its lending to micro- and small-size enterprises by 20% to more than 10bn reais…
#bank#Caixa#funding
Bosnia and Herzegovina received on Wednesday its first syndicated loan, which would introduce international commercial banks to the country’s banking…
#American Express#bank#international
The Export-Import Bank of the United States (Ex-Im Bank) has approved a US$38 million loan guarantee to support the sale…
#bank#Deutsche Bank#exporters