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Small to Medium Sized Enterprises (SMEs) have resorted to bank overdrafts rather than business loans to finance their operations, according to the latest research from CreditPal. The research shows that 30 percent of UK SMEs have applied for a new...
#bank#bank loan#banks
Two creditors from the steering committee of CIT s bondholders have resigned, Bloomberg have reported. Pacific Investment Management Company (PIMCO)…
#CIT#funding#investment
Reports have started afresh that Deutsche Bank is looking to purchase assets from Dutch financier ABN Amro, including a factoring…
#ABN AMRO#bank#banks
The father of a convicted factoring fraudster has been cleared of a charge of conspiracy to defraud (more…)
#factoring fraud#invoice#management
The factoring turnover of the seven largest factoring companies operating in the Czech market continued to drop in the second quarter…
#crisis#Two#Unicredit
Close Invoice Finance has expanded its commercial centres in the North West and South West with two senior appointments (more…)
#commercial finance#corporate finance#financial services
Venture Finance North has reported a big rise in new customers in the first quarter of the year as the…
#funding#invoice#Two
The Indian banking sector is set to be battered by delinquencies in the corporate and SME loan book. (more…)
#banks#SME loans#Two
The trial of two former recruiters accused of defrauding the Royal Bank of Scotland (RBS) will resume on 20 April…
#bank#insolvency#invoice
Canadian wholesale sales declined 4.2% to $41.1 billion in current dollars in January, Statistics Canada reported on Wednesday. (more…)
#Two
Factoring remains a minor financial instrument in the country, and one that is still in the hands of banks. (more…)
#banks#Two
The Bank of China is extending the scope of its lending offering to SMEs. (more…)
#bank#Bank of China#smes
The country's major banks have reached an agreement to provide up to 700 billion Korean Won in fresh loans to cash-strapped SMEs…
#bank#banks#liquidity