Hopes for BHS rescue fade as administrators prepare to shut 20 stores

14th July 2016 Commercial Credit Management |

https://www.theguardian.com/business/2016/jul/15/hopes-for-bhs-rescue-fade-as-administrators-prepare-to-shut-20-stores

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Lowcosttravelgroup collapses blaming Brexit vote

14th July 2016 Commercial Credit Management |

http://news.sky.com/story/travel-firm-collapses-blaming-brexit-vote-10502946

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New leadership roles as Close Brothers unifies north & south divisions

14th July 2016 Commercial Credit Management |

As part of the changes Ian Steward has been appointed Managing Director of Close Brother Invoice Finance. Steward was previously Managing Director of Close Brothers Invoice Finance North. George May and Fiona Parkinson will now become Commercial Directors for the north and south.

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Bibby Financial Services agrees €150 million funding agreement

14th July 2016 Commercial Credit Management |

Bibby Financial Services has announced the fund to support European SMEs. The three-year agreement with HSBC will be available to new and existing SME customers.

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Co-operative Bank hires new Chief Financial Officer

14th July 2016 Consumer Collections |

http://www.cityam.com/245577/co-operative-bank-has-hired-new-chief-financial-officer

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No interest rate change despite Brexit fears

14th July 2016 Consumer Collections |

Bank of England monetary policy committee maintains interest rates at 0.5% for an 88th month.

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New Justice Secretary confirmed

14th July 2016 Regulation and Compliance |

Liz Truss has been appointed the new Lord Chancellor and Secretary of State for Justice. Truss was Secretary of State for Environment, Food and Rural Affairs.

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