THERE’S been some tentative nibbling at the shares of Saks Inc. lately, and if you’ve been reading the press coverage of this long-troubled department store chain, you’ll know the main reason seems to be the departure of R. Brad Martin, the company’s chairman and CEO, a Tennessee statehouse politician-turned real estate developer. In fact, the resignation and early retirement of Martin, 53, who has been a fixture on the retailing scene in one form or another for the past 22 years, is only part of the reason for improved outlook.
Archive for » January, 2006 «
Category: 2006 HSBC, In the U.S.
Leave a Comment
Experian has announced the launch of Collection Triggers, a collections solution that monitors a company’s portfolio of collections accounts and identifies new information indicating the possibility of recovering the debt.
Category: 05 Collections, 05 How It Works, 2006 HSBC, Identity Theft
Leave a Comment
A NEW inquiry into the supply of banking services to small and medium-sized businesses (SMEs) by the major clearing banks was announced by the Office of Fair Trading (OFT) yesterday. It comes nearly four years after the Competition Commission (CC) found evidence of anti-competitive behaviour among the big four clearing banks that dominate the SME business lending market: Royal Bank of Scotland, Barclays, HSBC and Lloyds TSB.
Category: 2006 HSBC, In the U.K.
Leave a Comment
HSBC Business Credit (USA) Inc. has closed its Kansas City office, a spokeswoman for the unit’s New York-based owner said Thursday. Pamela Plehn said the operation shifted to Buffalo, N.Y. Plehn said that she didn’t know how many people HSBC’s Kansas City office had employed but that it was a small number. HSBC Business Credit offers factoring services. The unit buys clients’ accounts receivable and collects payment on those accounts. Clients come from a wide range of industries, including apparel, furniture and computers. HSBC Bank USA is based in New York. The bank’s owner, HSBC Holdings Plc., has holdings around the world and is based in London.
Category: 2006 HSBC, In the U.S.
Leave a Comment
Company’s bumpy financial road hits another pothole
Atari recently revealed that it has defaulted on a loan with HSBC Business Credit Inc. The breach occurred December 31, 2005, when the latest financial quarter ended. However, according to Atari, it was barely using the credit line, for a nominal amount in letters of credit guaranteed in cash.
Category: 2006 HSBC, In the U.S.
Leave a Comment
