Sign up for free newsletter

 

Approved stamp

Tungsten secures PRA approval


The board of Tungsten has received approval from the UK's Prudential Regulation Authority for the formal change of control in relation to the acquisition of FIBI Bank (UK) plc. 

The fully UK authorised bank will be re-named Tungsten Bank and commence offering supply chain finance.
 
Tungsten has also begun providing invoice discounting services to selected US customers.
 
Edmund Truell, chairman of the bank, says: "We look forward to an exciting future, as Tungsten Corporation builds up a disruptive force in supply chain finance on a global basis.  The combination of enormous flows of invoices; simple and transparent finance offers; and high grade credit risks should enable us to advance billions of pounds, dollars, euros and francs to suppliers on the Tungsten network."

events
5 days 1 hour from now - Ulaanbaatar
1 week 1 hour from now - New York
1 week 1 day from now - San Francisco
2 weeks 1 hour from now - Los Angeles
listingsdirectory
Nasdaq
Tue, 30/08/2016 - 11:02
Edelman
Thu, 18/08/2016 - 10:14
Eden Rock Capital Management
Wed, 15/06/2016 - 17:30
training
Wed, 21/09/2016   - London
Wed, 28/09/2016   - London
Thu, 29/09/2016   - London
specialreports
other gfm publications