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Euler Hermes, the credit insurance unit of Assurances Generales de France (AGF), said it has acquired full ownership of Finland's FCIC (Finnish Credit Insurance Company Ltd) by purchasing the remaining 50% stake from If Skadefoersaekring Holding AB (If). Financial details...
#insurance#receivables#risks
Lesco Inc. (Nasdaq: LSCO) has completed the restructuring of its debt. Lesco said the restructuring includes the sale, for US$58…
#bank#bank loan#conference
Mexican transport conglomerate Grupo TMM has closed a further US$25 million of certificates under a receivables securitisation programme, worth a…
#bank#commercial finance#receivables
Whitehall Jewellers Inc. said on Thursday that it had fired chief financial officer Jon Browne as a result of an…
#factoring fraud#receivables#SEC
Mizuho Corporate Bank, a unit of Mizuho Financial Group Inc., has formed an alliance with the Bank of China in…
#bank#Bank of China#receivables
The Portuguese government has introduced several changes to the 1999 Securitisation Law with a view to improving the domestic securitisation…
#capital requirements#management#receivables
The Chamber of Deputies has approved a bill granting invoices executive status, which forces payment without the need for long…
#guarantees#invoice#receivables
A VAT Act amendment has passed into law that will increase VAT rates for selected services as of 1 January…
#debt collection#financial services#receivables
In December, Mizuho Corporate Bank, a unit of Mizuho Financial Group Inc, will begin buying Chinese receivables from Japanese companies…
#bank#banks#receivables
Jewellery-store chain Friedman's Inc. said Thursday (2 October)the U.S. Justice Department is investigating a dispute over accounts receivable. Nearly three…
#account receivables#receivables
Leading Indian and foreign banks, including Citigroup, Deutsche Bank, Syndicate Bank, ICICI Bank, and State Bank of India, have evinced…
#bank#Deutsche Bank#international
Dynamic Commercial Finance plc has continued to grow profitably during the first six months of 2003, producing a profit before…
#commercial finance#funding#receivables
NaviTrade Structured Finance of Colorado, announced the addition of former Bank One International Corp. president Darin Narayana to its team…
#bank#international#receivables