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receivables

SME business loan demand rise, a sign of growing...

A survey by the US Federal Reserve (The Fed) reveals that a net 22% of US banks saw increased loan demand from small business over the last three months. Results also show that a net 11% of local banks reported...

#banks#receivables#small business

United Finance net profit up 10%

United Finance Company SAOG (UFC), one of the fastest growing non-banking financial institutions in Oman and the Middle East, has…

#bank#financial institutions#leasing


An interview with Mr. Miroslav Bernat, CEO of VUB...

VUB Bank – a member of Gruppo Banca Intesa – through its subsidiary VUB Factoring, has been providing its clients…

#bank#cash-flow#debt collection


Euler Hermes acquires full ownership of Finland's FCIC

Euler Hermes, the credit insurance unit of Assurances Generales de France (AGF), said it has acquired full ownership of Finland's…

#insurance#receivables#risks


Lesco sells receivables, refinances bank debt, eliminates interest rate...

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


TMM closes extra certificates under receivables securitisation programme

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


Financial chief fired amid factoring fraud probe

Whitehall Jewellers Inc. said on Thursday that it had fired chief financial officer Jon Browne as a result of an…

#factoring fraud#receivables#SEC


Japanese bank to begin factoring Yuan receivables

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


Amendments to the Portuguese Securitisation Law

The Portuguese government has introduced several changes to the 1999 Securitisation Law with a view to improving the domestic securitisation…

#capital requirements#management#receivables


Change in invoice law to boost factoring operations

The Chamber of Deputies has approved a bill granting invoices executive status, which forces payment without the need for long…

#guarantees#invoice#receivables


Factoring to attract VAT in amendments to Act

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


Japan's megabanks to begin factoring Chinese receivables

In December, Mizuho Corporate Bank, a unit of Mizuho Financial Group Inc, will begin buying Chinese receivables from Japanese companies…

#bank#banks#receivables

Capital Factors allege misrepresentation of Cosmopolitan Gem Corp’s account...

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

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