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The Federal Reserve raised its key interest rate a quarter point to the highest level in five years. The funds rate, the interest that banks charge each other on short-term loans, stood at a 46-year low of (more…)
#bank#banks#inflation
Mexico's largest bank BBVA Bancomer expects to lend 12bn pesos (US$1.1bn) to about 47,000 SMEs this year. The funds form…
The latest acquisition by Brazil's leading international factoring provider signals another step towards consolidation for the non-domestic market in the…
#bank#guarantees#international
The Commercial Services Division of GMAC Commercial Finance announced the closing of a US$2m one-year factoring facility to California-based apparel…
#commercial finance#leasing#poland
Citizens Bank has announced that it has formed Citizens Bank Business Finance, an asset-based lending unit. The unit operates from…
On May 8, 2006, BANCOLOMBIA S.A., by means of a transaction duly authorised by the Superintendency of Finance of Colombia,…
Smaller businesses in the US are being disproportionately affected by the cost of compliance with the 2002 Sarbanes-Oxley Act, a…
#compliance#investment#SEC
Peachtree Settlement Funding, a leader in the specialty factoring industry, has relocated its Boca Raton, Florida offices. Management believes the…
#factoring industry#funding#management
1st Commercial Credit, LLC, a provider of factoring and accounts receivable financing, now offers services in Quebec, Canada. The Canadian…
Factoring volume, also a first quarter record, rose by 16% to (more…)
Standard & Poor's Ratings Services affirmed its ratings on CIT Group and CIT's related entities, including its 'A/A-1' counter-party credit…
#bank#CIT#interest rates
The US economy continues to show “surprising resilience” as manufacturing and service sectors indicate further economic expansion, according to economic…
#Commercial Credit#interest rates#management
Small business exporters located in Hawaii will be better equipped to expand their international sales and minimize financial risks thanks…
#bank#exporters#guarantees