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Americas

Letter from Uncle Sam

In the first of an editorial series examining developments in the US, Mark Mandula, Managing Director of United Capital Funding Corporation, provides his insights into the state of the wider US economy. (more…)

#bank#conference#Mark Mandula

Atlantic Bank joins Global Trade Finance Program

IFC, a member of the World Bank Group, today announced that Atlantic Bank has become the first bank in Belize…

#bank#emerging markets#First Bank


Wells Fargo confirm acquisition of majority of GMAC factoring...

Wells Fargo Company has today confirmed that Wells Fargo Bank, N.A. has (more…)

#bank#commercial finance#receivables


Factoring volumes drop sharply following February earthquake

Factoring volumes in Chile declined significantly in the wake of last month s 8.8 magnitude earthquake, Chairman of Chilean factoring…

#factoring industry


Factoring customers returning to CIT, states Vice Chairman

Factoring customers are beginning to return to CIT Commercial Services, according to a recent statement by CIT Group Vice Chairman…

#bankruptcy#CIT#CIT Commercial Services


Sale of GMAC factoring unit could be announced today

GMAC could be about to sell its factoring division to Wells Fargo, Bloomberg has reported. Citing two people with direct…


Public and private investors launch lending facility for microfinance

The IDB's Multilateral Investment Fund (MIF), the IIC, CAF and private investors have signed documents to launch the Microfinance Growth…


IDB lends $15m to BBVA unit to boost SME...

The Inter-American Development Bank ( IDB ) has signed a $15 million loan to provide the Panamanian unit of Spain's…

#bank#financial services#international


BNDES plans 50 per cent increase in microcredit book

Brazilian national development bank BNDES plans a 50 per cent increase in its microcredit portfolio in the (more…)

#bank#Two


GE Capital Corporate finance provides liquidity loan to EP...

GE Capital Corporate Finance today announced it served as sole lender for (more…)


Sterling Bancorp to offer 5.1 million public shares

Trade financier Sterling Bancorp today announced plans to publicly offer approximately 5.1 million common shares of the Company in an…


Humphreys ups ratings on Factorline debt

Chilean ratings agency Humphreys has raised ratings on the country's largest factoring company Factorline's commercial papers to (more…)

United Capital Funding secure financing facility

Accounts receivable funding firm United Capital Funding Corp today announced that it had closed on a financing facility with (more…)

#bank#funding#management

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