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IFG’s AGM Sees New Chairman Elected

16/07/2001

During IFG'S AGM held in Vancouver in May, Mr. Dominique Charpentier, CEO of Eurofactors was elected new Chairman of the Group. The Board Of Directors of IFG now consists of:

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Cattles on the Move

13/07/2001
UK

Factoring and invoice discounting house Cattles Invoice Finance (Oxford) Limited has moved into new premises at the Quadrant, Abingdon Science Park.

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New Marketing Manager at Cattles Invoice Finance

13/07/2001
UK

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Spectrum Goes Independent of US Bancorp

13/07/2001
USA

Last year US Bancorp acquired Spectrum Commercial Services as part of a larger deal.

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GLE Invoice Finance Launch Website

13/07/2001
UK

Early 2001 saw the launch of GLE Invoice Finance’s new website at www.gleinvoicefinance.co.uk.

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Head of PayDay Today Arrested on Suspicion of Fraud

12/07/2001
USA

David L’Hoir, who ran the organisation PayDay Today was arrested by the FBI in Fort Lauderdale, Florida on suspicion of mail fraud, wire fraud and money laundering.

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Berkshire Hathaway and Leucadia National to Bail Out Finova

12/07/2001
USA

The US Bankruptcy Court in Delaware approved a plan by Berkshire Hathaway Inc and Leucadia National Corp to bail out commercial lender Finova Group Inc, the troubled international financial service

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Factoring in Asia Grows 147% in Five Years

12/07/2001

The volume of factoring services in Asia, excluding South Korea, grew 147% between 1995 and 2000 according to factors Chain International.

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Factoring in North America Slows Down with the Economy

11/07/2001
USA

It seems that the stalling of the US economy has impacted the activity of factors in the USA and Canada in the first half of 2001.

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Quarterly Business Failure Rate Begins to Rise

10/07/2001
UK

The number of businesses going bust increased by more than 15% in the second quarter of this year (compared with the first quarter).

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