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Standard & Poor's Ratings Services (S&P) announced yesterday that it had downgraded its outlook on the long-term credit rating for Kookmin Bank at BBB plus to ‘negative’ from ‘stable’. The global ratings agency said the downgrade reflects concerns over Kookmin's...
#bank#risks#smes
The National Association of Wholesaler-Distributors (NAW) has announced that it has selected EULER American Credit Indemnity (EULER ACI) as its…
#management#risk#risk management
The number of businesses failing in the Q1 2003 decreased by almost 3 per cent compared with the first quarter…
#insolvencies#insolvency#risks
All credit insurance cover by Export Credit Guarantee Corporation of India Ltd. (ECGC) on exports to Iraq is likely to…
#exporters#exports#guarantee
UPS Capital, the financial services arm of UPS, has launched four products to help Canadian companies speed the movement of…
#cash-flow#exporters#financial services
Gerling Group said it has reached a deal to divest its reinsurance operations to a consortium headed by a former…
#insurance#reinsurance#risks
Germany's closely-watched business climate Ifo index fell for a sixth consecutive month in November, confirming the fragility of German economic…
#bank#confirming#German economy
European shares were set to rally today after the Federal Reserve delivered a surprise half-point cut in U.S. interest rates…
#bank#Bank of England#inflation
The US Federal Reserve showed its determination to head off renewed threats of economic weakness by cutting interest rates aggressively…
#bank#Bank of England#banks
Philippe Zamaron, vice-chairman of the board of management at Eurofactor in France spoke to BCR to explain why Eurofactor has…
#insurance#interest rates#management
Lloyds TSB Commercial Finance, the leading provider of asset-based lending, has been named BizTalk Server Customer of the Month by…
#Clear#commercial finance#innovation
The three largest commercial banks in Taiwan have temporarily suspended negotiations for letters of credit for Taiwanese companies doing business…
#bank#Bank of China#banks
The Industry Ministry wants laws establishing a new SME bank to explicitly protect lending officers from legal liability if assets…
#bank#banks#risks