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Americas

FactorLine optimistic for post-recession future

In a recent interview with Business News Americas, FactorLine CEO Sergio Contardo expressed high hopes for the firm as the economy recovers, voicing plans to grow the factoring line of the business by over 20 percent in 2010 – despite...

Interface launch new factoring services

The Interface Financial Group (IFG) today announced the addition of three new additions to its services. The firm will now…

#international#invoice#smes


Wells Fargo launch complete supply chain finance solution

Wachovia, a Wells Fargo subsidiary, last week introduced its first complete end-to-end supply chain finance solution, which will provide both…

#bank#receivables#supply chain finance


More trouble for CIT as they file to foreclose...

CIT Group PLC are seeking to foreclose on a $12 million loan made to New York based property developer 654…


Coface expects US credit insurance market to double by...

Coface North America are seeing a dramatic increase in demand for the company's trade credit insurance in the United States,…


FMO “positions itself as anti-cyclical investor” with loan to...

The Netherlands Development Finance Company (FMO) recently began disbursing a $20m loan to Argentinean firm Grupo Supervielle S.A. The loan…

#bank#international#International Trade


Coface provides factoring facility for Texas plastics firm

Coface Credit Management North America, Inc., the factoring arm of Coface North America, has provided a factoring facility for a…


Factorline issue bullet bond

Chilean factoring company, Factorline, issues bullet bond for local market. (more…)

#bonds#crisis#interest


A teetering giant

The troubles at factoring giant CIT continue to deepen, with the company remaining tight-lipped about its future. BB&T provide insights…


2010: A turnaround year for banking and financial services

Senior business leaders in the banking and financial services industry foresee their industry's recovery lagging that of the national economy,…

#cloud#financial services#management


Factoring firm introduces small business program

In response to increasing demand for business credit and the sharp decline in the supply of bank loans, Universal Funding…

#bank#commercial finance#international


Contractor accused of $1m factoring fraud

Last year Covenant Construction Unlimited billed for more than $1m in work. The invoices were passed on to a factoring…

CIT obliged to let client go

Troubled US lender CIT has been obliged to let one of its clients walk away from contract following an out…

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