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Intrum Justitia acquires large portfolio of defaulted bank loans

Intrum Justitia and Goldman Sachs have jointly agreed to acquire a large portfolio of written-off, non-performing bank loans from (more…)

#acquisition#bank#banks

Manufacturers must innovate to reap rewards in emerging markets

More than half of global manufacturers (56%) expect to substantially grow revenues in emerging markets over the next three years…

#Deloitte#emerging markets#management


HSBC expands into Central America

HSBC has expanded into Central America with the acquisition of Panama-based Grupo Banistmo for (more…)

#acquisition#bank#banking services


Business start-ups increase 25% in Q1

A big rise in the number of businesses started by entrepreneurs in the first three months of this year was…

#bank#management#small business


Rabobank acquires two banks in Indonesia

Netherlands-based Rabobank Group signed an agreement today to acquire ownership of the holding companies that own two Indonesian banks (more…)

#bank#banks#management


Davenham awarded 'company of the year'

Davenham, the SME finance provider, has scooped the Business XL Company of the Year award for venturer of the year…

#3M#management


GECF provides invoice discounting for MBO support

GE Commercial Finance has provided an invoice discounting and senior debt package to support the management buy-out (MBO) (more…)

#commercial finance#invoice#management


Fortis appoints country manager for Russia, targets export finance

Fortis has appointed Maarten Pronk country manager for Russia (more…)

#bank#ING#international


GECF assists in confidential invoice discounting deal

GE Commercial Finance's business finance unit has stepped in with a confidential invoice discounting, plant equipment loan and a cash…

#business finance#cash-flow#commercial finance


Bankruptcy Act amendments to take effect 1 July

Changes made last year to Hungary's Bankruptcy Act will come into effect on 1 July. The amendments will make it…

#bankruptcy#management#WHO


Potential Finance announces H1 profit figures after sale of...

Potential Finance Group PLC said that Potential Asset Finance, its asset finance subsidiary, had had to absorb much of the…

#management


Eurofaktor launches new strategy

Eurofaktor, which has focused on factoring services for big companies only, has acquired its first clients among SMEs and has…

#financial services#investment#management

Factoring transactions up by more than one fifth in...

"We can forget the independent provision of financial services. It will be always harder to sell factoring as the only…

#bank#bank loan#financial services

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