All Banking & financing articles – Page 7
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News
Euler Hermes welcomes credit insurance scheme but criticises banks
Euler Hermes has welcomed the Government’s credit insurance scheme while lambasting banks for not lending.
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News
Budget 2009: Darling’s credit insurance top-up scheme ‘too little, too late’
Updated: Chancellor Alistair Darling has confirmed that the Government will implement a credit insurance top-up scheme, under which it will match insurance offered by the private sector.
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NewsChancellor agrees £5bn deal with largest credit insurers
The Chancellor is expected to deliver some much-needed good news to retailers in his Budget tomorrow revealing a temporary scheme to ensure a £5bn provision for supply chain insurance.
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NewsBRC demands credit insurance redress at Budget
Half of large retailers say the reduction or withdrawal of trade credit insurance has undermined their ability to trade.According to the British Retail Consortium’s Credit Conditions Survey, 40 per cent of small and medium-sized retailers also say the reduction or withdrawal has undermined their position.Two thirds of larger retailers believe ...
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News
Hopes grow for Budget action on credit insurance
Retailers are optimistic of being thrown a lifeline in this month’s Budget as speculation mounts that action on the issue of credit insurance could form part of Chancellor Alistair Darling’s plans.
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Opinion
The credit insurance crunch
Imagine that you got home one day in early February, having trudged your way through the snow, to find a letter from your car insurance company on the doormat.
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NewsCredit insurance fury reaches boiling point
Retailers are turning the heat up on the Government to intervene in the credit insurance crisis.
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News
Topps Tiles ‘not shaken’ by insurer
The withdrawal of credit insurance from suppliers to Topps Tiles will not affect trading performance, the retailer’s management insisted.
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News
Credit insurance withdrawn to Topps Tiles suppliers
Specialist retailer Topps Tiles has had credit insurance withdrawn to its suppliers by an unnamed insurer.
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News
Credit insurer withdraws cover to Threshers suppliers
Credit insurer Coface has withdrawn cover for suppliers to First Quench, the parent of wine retailer Threshers.
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News
Office faces loss of supplier credit insurance despite strong trading
Footwear chain Office may become the latest retailer to have supplier credit insurance pulled following the collapse of its stablemate USC.
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News
Peacocks hit by credit insurer
Fashion retailer Peacocks is understood to have become the latest retailer to have some of its credit insurance cut.
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News
Treasury's Paul Myners: No action on retail's credit insurance woes
Financial Services Secretary Lord Myners has rejected a call for action on retailers’ credit insurance difficulties but will monitor developments.
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Opinion
Credit insurers are too powerful
Ever heard of a home insurer that pulled cover if a storm was forecast? Didn’t think so. But that’s the way credit insurers work.
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News
Coface pulls Baugur credit insurance
One of the UK’s three biggest credit insurers has withdrawn cover for suppliers to several Baugur-backed retailers as the situation in Iceland worsens.
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News
Woolworths: Last big credit insurer withdraws cover
Woolworths is facing more instability in the run up to Christmas after another credit insurer has withdrawn cover from the beleaguered business.
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News
JJB loses supplier credit insurance
JJB Sports faces further uncertainty after the UK’s largest credit insurer Coface decided to pull the cover for its suppliers.
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News
ScS credit insurer withdraws supplier coverage
Sofas retailer ScS Upholstery has revealed that one of its credit insurers has withdrawn coverage from suppliers.
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News
Credit insurer warns of more retail administrations
Credit insurer Euler Hermes has signalled more retail administrations on the horizon as trading conditions continue to worsen on the high street.