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banks

In the aftermath of the Finance Credit scandal, KPMG...

Bank 1 Oslo will sue accounting giant KPMG and state authorized accountant John Haukland for NOK 337 (USD 50.5) million for their role in the Finance Credit scandal. This brings the total suits against KPMG to NOK 762 million and...

#bank#banks#insurance

CIT Small Business Lending names John Little Regional Account...

CIT Small Business Lending, a subsidiary of CIT Group Inc., announced another major addition to the organisation. John Little was…

#banks#CIT#small business


Syrian private sector SMEs to benefit from 25 million...

The Syrian Government has agreed to provide the European Investment Bank (EIB) with a guarantee for the loans the EIB…

#bank#banks#guarantee


New banks to launch factoring, leasing and SME finance...

Progresso, the Chilean financial services company, is waiting for the go-ahead from local authorities to open its bank in January…

#bank#banks#financial services


Basel II sums up the future for credit risk

Rules published this week by the Basel Committee on Banking Supervision in its third and final consultative paper will replace…

#bank#banks#credit risk


Ronson plc change banks to HSBC and move to...

Ronson plc announced its interim results to 31 December 2002 and declared a pre-tax profit of Ј15,000 and overall turnover…

#bank#banks#invoice


Gerling gets injection of Ђ180m fresh funds as Deutsche...

Deutsche Bank and Swiss Re are to pump a combined Ђ180m (US$198m) of fresh funds into Gerling, the embattled insurance…

#bank#banks#Deutsche Bank


The president of the Association of Business Recovery Professionals...

John Verrill, the president of the Association of Business Recovery Professionals(R3), the body representing insolvency practitioners and company doctors, slammed…

#banks#insolvency#Paid


Bank sues KPMG over Finance Credit fraud scandal

A small bank in Norway is suing accounting giant KPMG after losing NOK 125 million on the bankruptcy of factor…

#bank#bankruptcy#banks


Muscat Finance profits grow

Muscat Finance Co Ltd, which is operating in three main areas such as retail financing, equipment leasing and factoring and…

#banks#capital requirements#international


Canbank Factors registers a solid performance

The company registered good financial performance in the nine-month period ending December 2002. The funds deployed during this period grew…

#banks#interest#interest rate


Bankruptcies fall but danger ahead

Bankruptcies in Japan fell about 5 per cent in the last business year, according to independent research firm Teikoku Databank,…

#bankruptcy#banks#economic recovery

Russia enters Lithuanian banking market

One of Lithuania's largest banks has come under nominal control of a little-known Russian financial institution, leaving industry insiders to…

#3M#bank#banks

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