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The Norwegian government is divesting a 13.4% stake in Den norske Bank, parent company of one of the Norwegian factoring market’s major players, DnB Factors. After the sale, the Norwegian Government will own 47.3% of Den norske Bank. The consideration...
#bank#international
The French Bank Credit Agricole, owners of the French factoring company Transfact, has acquired 21million shares (equivalent to 1.2%) in…
#bank#Credit Agricole#Italian factoring
The Bank of England's Monetary Policy Committee today voted to maintain the Bank's repo rate at 5.75%. The minutes of…
#bank#Bank of England#interest
Bibby Factors Bristol Ltd, part of the Bibby Group of Factors (the largest non-bank owned factoring organisation in the UK),…
#bank#BCR Publishing#cash-flow
Leading European banks and insurers have formed a discussion and lobbying group to support the completion of the single market…
#Allianz#bank#Deutsche Bank
The Co-operative bank today has become the first bank to offer small business customers a choice of factoring and invoice…
#bank#financial services#First Bank
DG Bank, which owns the factoring company DG Diskonbank, is to merge with GZ Bank, it was agreed on Tuesday.…
#bank#banks#Rabobank
The US financing company, CIT, today announced the establishment with Taiwan’s Bank Sinopac and C-ME (Cyber Merchants Exchange) of a…
#bank#exporters#international
BCR Publishing has today received confirmation that GMAC’s acquisition of the Bank of America’s factoring business was effective as of…
#bank#Bank of America#Commercial Credit
The Bibby Financial Services Group has launched a new division to work alongside Bibby Group of Factors, which is currently…
#bank#financial services#interest rates
An executive with a Little Rock, Arkansas factoring company, Southwest Financial Inc. pleaded guilty to conspiracy and eight counts of…
#bank#banks#Two
The Bank of England's Monetary Policy Committee today voted to maintain the bank's repo rate at 6%. The minutes of…
India’s largest player by market share, Canbank Factors, will be launching their new export factoring service today in Bangalore. Domestic…
#bank#BCR Publishing#international