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financial services

Fortis to Retain Dual Headquarters

The Belgian/ Dutch financial services group Fortis yesterday announced that it is planning to retain its dual headquarters in Brussels and Amsterdam in order to strengthen its grip on its core Benelux market. This puts to rest rumours that the...

#financial services

GE Reports Record Third Quarter Results

General Electric, the US based conglomerate, recorded third quarter 2000 earnings of $3.18 billion, a record for the quarter and…

#financial services#investment


Fortis to Acquire Netherlands Based ASR

Fortis, the Belgian/Dutch financial services company, has made a €4.1 billion ($3.6 billion) bid for the Netherlands based insurance company…

#acquisition#financial services#insurance


KBK Capital Corporation Records Sharp Growth in Net Income

KBK Capital Corporation of Fort Worth, Texas (which provides commercial loans, mezzanine loans and factoring to middle-market businesses) has reported…

#banks#CIT#economy


CIT to Provide Factoring to EcomTextile Clients

CIT Commercial Services, the largest provider of factoring services in the US, today announced a strategic alliance with EcomTextile, Inc.of…

#CIT#credit protection#e-commerce


Finova’s Long and Short Term Debt Ratings Downgraded

The troubled international financial services company Finova Group which last week announced that they would be selling their factoring business…

#Commercial Credit#financial services#international


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