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Executives at GM Acceptance Corporation, the financial arm of General Motors, are considering suing Bank of New York (BoNY) in an attempt to reduce the US$1.8bn price the group paid for the bank's commercial lending unit in 1999. Four years...
#bank#CIT#commercial finance
Bajaj Allianz General Insurance Company Ltd is planning to get into the credit insurance business, an area dominated by the…
#Allianz#exporters#guarantee
As a direct response to requests from small- and medium-size enterprise (SME) customers, Gerling NCM has set up a free…
#debt collection#management#Paid
John Verrill, the president of the Association of Business Recovery Professionals(R3), the body representing insolvency practitioners and company doctors, slammed…
#banks#insolvency#Paid
Whether Kmart Corp. should have paid several suppliers in the days after its bankruptcy filing has fuelled a legal fight…
#bankruptcy#Paid
According to Samoobrona (Self-defence) leader Andrzej Lepper, farmers’ protests have been caused by improper financial policy. "SMEs are going bankrupt,…
#Paid#poland#smes
Hermes Kreditversicherungs-AG, the German insurance group, has dealt a blow to Spar, the retail group, by increasing the deductible contribution…
#insurance#Paid
Recent changes to the Companies Act could reduce the chances of creditors getting paid when debtors go into liquidation, Credit…
#guarantee#insurance#Paid
Member states of the Association of South East Asian Nations (ASEAN) decided to accelerate the liberalization of their investment regimes…
#interest#investment#Paid
San Diego’s troubled Peregrine Systems issued bad news after the market closed last Thursday. Before the news was announced, stock…
#management#Paid#receivables
As of 7 August 2002, businesses owners and managers will be entitled to seek financial compensation for the inconvenience of…
#debt collection#late payment#management
Small Business Minister Nigel Griffiths today announced a new package of measures to help combat late payment of bills -…
#late payment#Paid#small business
Last week the Chancellor of the Exchequer, Gordon Brown, announced a package of measures to tackle current avoidance of stamp…
#assignment#Bill#bonds