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Chile's third largest bank, state-owned BancoEstado expects to achieve a 4-5% market share in the local factoring business by year-end, according to (more…)
#bank#confirming#international
CIT Group Inc., a leading provider of commercial and consumer finance solutions, today announced the retirement of John Canning as…
#CIT#i#leadership
Credit ratings agencies remained mixed in their assessments of GMAC after General Motors' announcement last week (more…)
#bonds#interest#liquidity
Sterling Bancorp has announced that it has signed an agreement to acquire the business and assets of a leading provider…
TSS Financial served as deal originator and consulting agent for the borrower and assisted with the syndication. The facility was…
#bank#Bank of America#bonds
General Motors Corp. said late Thursday it will recognise a previously reported goodwill impairment charge of (more…)
#bankruptcy#commercial finance
Supply and Demand Chain Executive magazine's 2006 Pros to Know top industry professionals annual award recognises supply chain innovators based…
#cash-flow#Nexus#supply chain finance
General Motors efforts to sell a majority stake in its finance unit received a boost after it was revealed that…
#bank#Consortia#financial institution
US business profits are continuing to slow steadily and some industry sectors are in a weakened condition, according to economic…
Chile's factoring industry will see business volume grow 25% this year due in part to new players entering the market…
#bank#Bank of America#banks
Bibby Financial Services has announced the appointment of its new vice president of business development (more…)
1st Commercial Credit, LLC has announced three new factoring products aimed at the global transport industry (more…)
#1st Commercial Credit#Commercial Credit#trade
Cerberus Capital Management may secure funding for a potential bid on General Motors Corp.'s financing arm from its portfolio firm…
#bank#banks#commercial financing