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Santander ‘discloses £91m bad debt’ from Carillion reverse factoring

Santander UK’s impairment from the Carillion reverse factoring scheme totalled £91m (€103m),... (more…)

#bank#Carillion#invoice

MarketInvoice boosts regional presence with new hire

MarketInvoice has hired ex-banker ... to boost its regional presence as head of ... (more…)

#Aldermore#bank#financial services


Wells Fargo, PNC, others upsize Ferrellgas A/R facility

Ferrellgas Partners increased its accounts receivable facility securitization from... (more…)

#bank#capital requirements#Letters of Credit


Citi inks US$100 million trade finance deal with Asian...

Global financial institution Citi is expanding its existing partnership with the Asian Development Bank (ADB) to... (more…)

#ADB#bank#smes


Carillion used invoice finance to hide £500m debt

Carillion used its invoice finance early payment facility (EPF) to “hide the true extent of its massive debt”... (more…)

#bank#Carillion#invoice


Russian Factoring Association publishes Q1 2018 results

The Association of Factoring Companies (AFC) published statistical indicators of Russian factoring activity for the first quarter of 2018. In…

#bank


EBRD might remain as an investor in Greece until...

The European Bank for Reconstruction and Development is planning to invest € 1.4 billion in Greece while it is considering...…

#bank#bonds#economy


New President & CEO for Accord Financial Inc.

Accord Financial, Inc.—the Greenville, SC-based ABL and factoring unit of Accord Financial Corp.—announced the promotion of ... (more…)

#Accord Financial#Accord Financial Corp#bank


First UK invoice financier listed today on Mintos

Mintos, a European marketplace for peer-to-peer loans, announced today the listing of first UK loan originator... (more…)

#1pm#bank#FCA


Indian invoice finance platform discounts 20,000 invoices worth Rs...

Digital invoice discounting platform, Invoicemart, said yesterday (7 May) it has processed nearly... (more…)

#bank#discounting platform#invoice


Trends in Supply Chain Finance

Supply chain finance got a big boost in the wake of the financial crisis, as companies worried about their suppliers’…

#bank#management#platforms


EDB issues US$30 million to Armenian bank for SME...

Eurasian Development Bank (EDB) and ... have signed US$30 million... (more…)

#bank#international#SME financing

Blockchain innovators target SME credit gap in Kenya

Kenyan entrepreneurs stand to benefit from new investment as local and international firms unveil credit products centred on blockchain technology…

#bank#blockchain#financial services

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