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financial services

Verdict in trial of Commercial Financial Services co-founder

A federal jury found former Commercial Financial Services (CFS) co-founder Bill Bartmann not guilty of charges tied to a company collapse that cost investors more than US$1bn. The 1999 collapse of the Tulsa-based company amid allegations executives had falsely inflated...

#Bill#financial services#Two

Cattles Invoice Finance reports Ј1.7m profit in 2002

Cattles Invoice Finance Group (Cattles IF) has recorded a pre-tax profit of Ј1.78m (Ј1.30m: 2001) and a gross income figure…

#financial services#invoice#management


Small businesses turn to credit unions

Jamaica's small business community is looking more to the financial services offered by local credit unions rather than those of…

#financial services#interest rates#MAN


Dynamic Commercial Finance announces resignation of finance director

The Board of Dynamic Commercial Finance PLC (DCF), one of the UK’s leading debt factoring businesses, has announced the resignation…

#commercial finance#financial services


NIB and Northern Bank merger may be on the...

National Irish Bank's (NIB) parent is likely to merge the Republic-based institution with its Northern Irish sister company, Northern Bank,…

#bank#banks#financial services


Abbey agrees sale of factoring operation to Bibby Financial...

Abbey National plc (Abbey) has reached an agreement to sell its factoring business to the Bibby Financial Services Group. The…

#bank#financial services#invoice


New name for London Scottish Bank factoring division

London Scottish Bank plc, the specialist financial services company, has announced that its two factoring companies, Sygnet and Isis, will…

#bank#factoring industry#financial services


Financing the Mittelstand

Though starved of bank loans, German companies are reluctant to tap alternative sources of capital More than 3,000 German companies…

#bank#Commerzbank#financial services


Accord posts improved third quarter results

Accord Financial Corp, a leading North American provider of asset-based financial services to businesses, has announced unaudited consolidated financial results…

#Accord Financial#Accord Financial Corp#credit protection


Ex-TMB chief sets up SME financial consultancy

A veteran of nearly 30 years in financial markets and former chief of three commercial banks, Somchai Sakulsurarat is too…

#bank#financial services#management


Wells Fargo reports record third quarter net income

Wells Fargo & Company reported that third quarter net income was a record US$1.6 billion in 2003, up 8 per…

#bank#financial services#trade


Banks to tighten lending to smaller companies

With the nation's economic slump leaving a raft of companies behind on their debt payments, domestic banks are moving to…

#bank#financial services#guarantees

Fortis Bank signs two “multi-sourcing” framework agreements

Fortis Bank has signed two new “multi-sourcing” framework agreements of Ђ50 million each with Vietindebank and Vietcombank. These agreements were…

#bank#exporters#financial services

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