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The mortgage credit crunch has spilled over into business lending as local banks are less risk-inclined than they used to be. (more…)
#bank#credit reports#receivables
CIT announced the appointment of Nancy J. Foster as Chief Risk Officer. (more…)
#ABN AMRO#bank#financial services
Wells Fargo Company said it will offer accounts receivable purchase programmes and expand its asset-based finance capabilities to companies throughout…
#bank#commercial finance#financial services
A trust that handled investments for non-profit groups was taken over by the state of New Hampshire on Monday. (more…)
#insurance#investment#risk
A federal court in New York City has ruled in favour of the Export-Import Bank of the United States to…
#bank#emerging markets#export credit insurance
Liquid Capital has provided a US$150,000 factoring credit facility to a company located in Brantford, Ontario. (more…)
#cash-flow#funding#working capital
The Government's plan to ensure that 40% of its procurement goes to small businesses has been given a thumbs up.…
Bio-Microbics Inc., a small business in Shawnee Mission, Kan., is exporting ten of its FAST wastewater treatment systems to Acuapro…
#bank#exports#financial services
Santander increased lending in Brazil 16.6% to reais 43.7bn (US$24.6bn) at end-2007 compared to the same time in 2006. (more…)
#bank#commercial lending#interest
GE Commercial Finance Corporate Lending has announced it led a US$265m cash flow credit facility for EaglePicher Corporation. (more…)
#cash-flow#commercial finance#management
Preferred Capital, the parent of Preferred Capital Bidco, has acquired Business Credit Partners. (more…)
Platinum Funding Group, has named Anna Belkina as senior business development officer for special situations. (more…)
Zurich, has announced an increase of its political risk insurance capacity to US$125m per risk. (more…)
#emerging markets#exporters#guarantees