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banks

Pescanova former chairman attacks banks

Manuel Fernández de Sousa has denied fraud and forgery of commercial documents (more…)

#banks#Clear#Executive Committee

Russian auto-giants develop taste for factoring

NFC says it would factor RUB1 billion of KAMAZ invoices by the end of the year. (more…)

#bank#banks#factoring contract


Poles Apart – to regulate or not to regulate

Members of Polish Factoring Association are still far from consensus on whether the industry should be regulated. (more…)

#banks#conference#EU Federation


Irish SME lending falls again as squeeze shows no...

New statistics from the Central Bank of Ireland show lending to non-financial or property related small and medium enterprises slid…

#bank#banks#SME lending


Survey: Hope of growth spreads to over half of...

More than half of the UK s SMEs expect to grow in the coming year, according to a survey published…

#bank#banks#business finance


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

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

#Banco Santander#bank#bankruptcy


Invoice finance ‘viewed as trouble by many’

Corporate customers tend to think negatively of their suppliers when the latter employ factors to chase for unpaid invoices. (more…)

#banks#crisis#funding


Siena closes credit facility with Wells Fargo Capital Finance

Siena Lending Group receives a revolving credit facility from Wells Fargo Capital Finance. (more…)

#bank#banks#funding


Trade finance volumes down 43pc

Dealogic rankings show downtrend in revolving credit facilities. (more…)

#banks#receivables#trade


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


Santander looks into lend-to-save market opportunities

Santander may enter the rapidly growing peer-to-peer market and team up with one of its biggest players, reports have claimed. The…

#bank#banks#Boost


Bibby MSP Index: SMEs are losing interest in factoring

Factoring is used by 12pc of the Polish SMEs, with 86pc saying they won t need in future. (more…)

#bank#banks#financial services

Pesca Chile subsidiaries to be sold

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

#bank#bankruptcy#banks

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