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EquiFin, Inc. yesterday announced that it has sold its factoring company, Equinox Factors, to Coast Capital Partners. The transaction will allow the company to discontinue unprofitable operations that could have an adverse effect on the company in the future and...
#interest#management#Two
Jean Laurent, chief executive of CrйditAgricole, France's biggest bank by assets, yesterday said it would hunt for acquisitions to strengthen…
#acquisition#bad debts#bank
Japan's UFJ Bank has announced that it will begin its factoring service for exporters later this month. The bank will…
Chilean state-run bank BancoEstado plans to open a unit specialising in factoring during the second half this year, local press…
Consolidated turnover rose 4.3% to 1,130.8 million euros (1.2% at constant consolidation scope and exchange rates) The loss ratio registered…
D.S.Factoring raised total revenues to record Kc1.4bn last year, up 60 % from 2003, as the company in the year…
Arvato, the printing subsidiary of German media giant Bertelsmann, is planning to take over Infoscore, a German financial service provider,…
#credit risk#financial services#risk
An accomplished group of trucking industry veterans announced the formation of Advance Business Capital, the first and only freight bill…
#Bill#financial services#innovation
The State Bank of Vietnam (SBV), Vietnam's central bank, has allowed the US Far East National Bank (FENB) to provide…
#bank#banks#Deutsche Bank
A North Little Rock based factoring company filed a civil suit in US District Court for the Eastern District of…
There are ten factoring companies in Hong Kong; they had a total turnover of Ђ3.25bn in 2003, according to Factors…
#bank#global trade#international
Italian factoring group Banca Ifis intends to pursue external growth by acquiring another Italian group, says its chief executive Giovanni…
#Banca IFIS#bank#international
HSBC Middle East will take its factoring services business to Bahrain and Qatar this year following a doubling of the…