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Americas

GMAC CFO sees time lag for cheaper funding boost

It will take time for cheaper funding, driven by better credit ratings, to boost the profits of General Motors Acceptance Corp. (GMAC) and high interest rates may hinder its performance, its chief financial officer said (more…)

#conference#funding#interest rates

Bibby appoints Vice President of Business Development

Bibby Financial Services has announced the appointment of a new vice president of business development at its Midwest location (more…)

#financial services#funding#Vice president


Bancoldex ups SME lending 57% in Q1

Colombia's state-owned export development bank Bancoldex saw loans to SMEs jumped  to (more…)

#bank#SME lending#smes


Urban Classics uses GE's Trade Flow Finance service

GE Capital Solutions, Commercial Distribution Finance (CDF) developed Trade Flow Finance in response to furniture industry demand for financial tools…

#interest#trade#Vice president


Platinum Funding Group develops strong synergy between factoring and...

Platinum Funding Group announced today that the company is extending its business focus by aggressively developing its relationship with the…

#Bridge#Clear#funding


GMAC CF provides US$20 million facility to Canadian tool...

The asset-based lending division of GMAC Commercial Finance (GMAC CF) announced the funding of a US$20 million (more…)

#commercial finance#funding


CIT Q1 2006 results show proportion of international factoring...

CIT s Commercial Finance division´s Trade Finance segment reported the following results: Net income increased from the prior year by…


Capital Factors hires Executive Vice President

Charged with expanding the company's market presence and spearheading growth in the Northeast region, his responsibilities include sales, marketing, and…

#i#Vice president


Coface launches domestic credit insurance

Argentina's largest export credit insurer Coface has launched a domestic credit insurance to cover companies in case of default from…


Wells Fargo completes factoring company acquisition

Wells Fargo Company and Commerce Funding Corporation (CFC) announced today they have completed Wells Fargo Bank, N.A.'s acquisition of a…

#bank#commercial finance#financial services


Nacion to focus on SMEs through leasing and factoring...

Federal Argentine bank Banco Nacion will step up its focus on small- and medium-sized enterrises (SMEs) through its trust fund,…

#bank#leasing#smes


Factoring fraudster fined US$850,000

Investors who poured US$2.5 million into U.S. Funding were told their money would go toward buying other companies' accounts receivable…

Continental 2005 profits drop by 12.7%

Continental commands a 54% market share in the credit insurance market, which is only serviced by two other companies (more…)

#asset management#insurance#investment

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