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financial services

Fortis finalises acquisition of Dominet Bank

Following the approval by the Polish Banking Supervisory Authority, Fortis Bank SA/NV has finalised the acquisition of 100% of the shares of Dominet SA (more…)

#acquisition#bank#financial services

Slovakia gains independence

After entering the Slovakian factoring market at the beginning of this year a subsidary of the Czech independent factoring company of the same…

#bank#financial services#guarantees


Cyprus 2006-2007 – EMU entry positive for factoring

The entrance of Cyprus into the European Monetary Union (EMU) by 1 January 2008 will probably have a positive impact…

#bank#financial services#interest rates


RBI norms on factoring in the offing

The Reserve Bank of India (RBI) is planning to create a regulatory framework to monitor factoring business in the country.…

#bank#financial services#international


First Investors profits up USD500K

Quarterly profits were up more than 158% at Houston-based auto lender First Investors Financial Services Group Inc. last quarter, increasing…

#financial services#interest#investment


Euronet first SEPA cross-border solution in central and eastern...

Euronet Worldwide Inc. has signed a long-term agreement for its first SEPA (Single Euro Payments Area) compliant cross-border transaction processing solution…

#bank#banks#financial institutions


SMEs may be allowed to borrow on inventory

The government is being urged to amend the Business Security Act to allow small and medium-sized enterprises to use their…

#bank#financial services#security


Late payments put SME resellers at risk of collapse

Figures reveal that smaller IT firms are waiting twice as long to be paid compared with previous years SME resellers…

#debt collection#financial services#insolvencies


GMAC Commercial Finance sells equipment finance portfolio to Prudential...

GMAC Commercial Finance LLC (GMAC CF), a wholly-owned subsidiary of GMAC Financial Services, announced today that it completed the cash…

#commercial finance#financial services#investment


Valleys cash-flow firm plans expansion

Wageroller UK, a valleys financial services company, which has pioneered a new cash-flow boosting wages payment solution, has signed up…

#financial services#funding#interest rate


Board-level restructure for Bibby Financial Services

After a rapid period of UK and overseas growth, Bibby Financial Services, a global provider of business cash flow solutions,…

#cash-flow#Ed Rimmer#financial services


Multi-million dollar lawsuit against auditor of factor begins

A $170-million malpractice suit against BDO Seidman kicked off in a Miami court last week. The lawsuit, brought by Portuguese…

#bank#bankruptcy#financial services

Allianz to acquire all of French Unit

Allianz, the largest insurer in Europe, announced that it would buy out the minority shareholders of its French subsidiary AGF…

#Allianz#financial services#insurance

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