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Germany’s DG Bank and GZ Bank to Merge

15/02/2001

DG Bank, which owns the factoring company DG Diskonbank, is to merge with GZ Bank, it was agreed on Tuesday. The union will create the country's sixth largest bank with assets of E370bn ($340bn).

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Factors & Discounters Association Figures Show 18% Increase in Volumes.

13/02/2001
UK

The FDA released its statistics for the last quarter of 2000 and the year ending December 2000.

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GLE Invoice Finance Plans to Float on AIM

12/02/2001
UK

The Kent based factoring company, GLE Invoice Finance, is planning to float on the alternative investment market later in the month and it is expected to have a market capitalisation of up to Ј20mi

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First Digital Signature Contract for Asset Based Lending Introduced by 1st PM Factors Bancorp

09/02/2001
USA

1st PM Factors Bancorp (also known as Pmfactors.com) has announced the first fully digital set of contracts signed using a digital signature.

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Bank of England Vote to Reduce Interest Rates

08/02/2001
UK

The Bank of England's Monetary Policy Committee today voted to reduce the Bank's repo rate by 0.25% to 5.75%. The minutes of the meeting will be published at 9.30 am on Wednesday 21 February.

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CIT, Sinopac and C-ME to be Joined in Financing Pact

08/02/2001
USA

The US financing company, CIT, today announced the establishment with Taiwan’s Bank Sinopac and C-ME (Cyber Merchants Exchange) of a tri-party financial platform.

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Asta Funding Reports 45% Increase in Net Income in First Quarter

07/02/2001
USA

The financial services company, Asta Funding Inc., which specialises in factoring as well as the purchase, liquidation and management of non-conforming consumer receivables, today reported results

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Deutsche Financial Services UK Limited’s Annual Accounts Released

07/02/2001
UK

Deutsche Financial Services UK Limited have released their annual accounts for the year ended 31 December 1999. The company has moved back into the black after two years of losses.

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European Growth Continues for Euro Sales Finance

06/02/2001

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Asta Funding Reports Acquisitions of Finance Receivables

05/02/2001
USA

The financial services company, Asta Funding Incorporated today reported that Asta Commercial, LLC, a wholly owned subsidiary of the company, had acquired the finance receivables and customers of t

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