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Wells Fargo merging international business

Wells Fargo have announced plans to merge their international business with their... (more…)

#acquisition#bank#bankruptcy

The challenges for Sharia-compliant factoring

Tawreeq Holdings’ Chief Executive Officer, Haitham Al Refaie, explains the potential of Sharia-compliant factoring in the MENA region and its…

#bankruptcy#liquidity#risk


Skillsoft closes USD150m credit facility

Company announces USD150m accounts receivable facility provided by Sound Point Capital Management, LP and Morgan Stanley Senior Funding Incorporated (more…)

#bankruptcy#liquidity#management


Kingston set for seminar on OAS Secured Transactions Project

Jamaican capital to host event this week on adopting Model Law on Secured Transactions (more…)

#bankruptcy#insolvency#investment


Developments in Factor Group saga

Lawyer for uncompensated investors wants 10 year trading ban imposed on senior figures from liquidated factoring company (more…)

#bankruptcy#invoice#Paid


JCPenney suppliers face credit squeeze

Factoring companies that are financing clothing deliveries to JCPenney are tightening credit terms, shortening payment windows and tacking on extra…

#bank#bankruptcy#CIT


Creditors facing USD150m loss due to collapse of distribution...

Distribuidora Rabie filed for bankruptcy, leaving USD150million of unpaid loans. (more…)

#Banco Santander#bank#bankruptcy


Pescanova's Sixteen revealed

KPMG announced the results of a forensic research of Pescanova’s makeshift. The holdings identified by KPMG in its forensic report include…

#bank#bankruptcy#banks


Insolvent lead-acid batteries manufacturer to receive USD500m DIP financial...

Exide Technologies has received final Bankruptcy Court approval of its USD500 million debtor-in-possession (DIP) financing. (more…)

#bankruptcy#funding#international


Pesca Chile subsidiaries to be sold

Bankrupt Pesca Chile's subsidiaries are waiting for a buyer. (more…)

#bank#bankruptcy#banks


Proposed changes to bankruptcy law to encourage rational distribution...

Key changes proposed in the new Rehabilitation and Bankruptcy Law affect involuntary petitions for bankruptcy, invalidations, trustees' avoidance powers, debtors'…

#bankruptcy#insurance#management


Factoring forms a part of Government action plan

Pierre Moscovici speaks in favour of factoring facilitation. (more…)

#bankruptcy#Paid#payment delays

RaiffeisenLandesbank to renew factoring line for troubled Neckermann

Neckermann Austria will sustain operations, while in administration, thanks to a renewed factoring facility. (more…)

#bankruptcy#interest#WHO

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