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North American Factors “Drowning in a Sea of Credit Losses” in the Wake of Tuesday’s Tragedy


An informed source in Canada was speaking to a colleague in an undisclosed Canadian factoring company owned by a major international bank. more

Joint Venture of Banco de Chile and BCI to Will Offer Electronic Factoring to Clients


Artikos Chile, a company formed with a US$9mil investment by Banco de Chile and BCI (Banco Credito e Inversiones), is planning to develop in the next two years a US$4m business and reach more than more

Sterling National Bank Announces New Hong Kong Subsidiary


Sterling National Bank, the principal banking subsidiary of banking and financial services company, Sterling Bancorp, today announced the launch of a new initiative in the international trade servi more

Intuit Canada Limited and Alliance Financing Group Inc. Announce Strategic Relationship


Intuit Canada Limited, the Edmonton-based provider of e-finance solutions, together with the one-stop financing shop, Alliance Financing Group Inc., announced today a strategic relationship that wi more

Meeting of Bankers and Industrialists Reveals Level of Pessimism in Europe


European business leaders are scared. more

Euro Fails to Penetrate the UK


"There is some anecdotal evidence that use of the euro is increasing a little," says Leslie Gunde, associate director at the professional services firm, KPMG. more

Exim Factoring Venture to Begin Operations in Ten Days


Global Trade Finance Pvt Ltd, the factoring joint venture company of Exim Bank of India, WestLB (Westdeutsche Landesbank Girozentrale) of Germany and IFC, Washington, is expected to begin operation more

HBOS Plans to Target Small Business Market


HBOS, the bank formed by the merger of Halifax and Bank of Scotland, is to recruit hundreds of staff in an attack on the small business banking market in England and Wales, currently dominated by t more

Aston Rothbury on Course for Projected 100% Profit Increase in 2002


Managing Director, Ian Clark, discusses company performance and future plans more

Silverburn Finance UK Ltd Release Abbreviated Annual Accounts


Silverburn Finance UK Ltd have released an abbreviated set of accounts for the year ended 31 January 2001. more

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