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Sterling National bank opens regional office In New Jersey

 Sterling National Bank, the principal banking subsidiary of financial holding company Sterling Bancorp, today announced the opening of its New Jersey Regional Office at Park 80 West, Plaza One in Saddle Brook, N.J. The New Jersey Office will support the Bank's...

BankBoston to enter factoring

BankBoston Chile will enter the local factoring market on 15 October with the aim of capturing a 5% share by…


Siemens Financial Services, Inc. announces new CEO and top...

Siemens Financial Services, Inc. (SFS), the US commercial finance and leasing arm of Siemens AG, today announced the appointment of…

#bank#commercial finance#international


CIT provides US$125m factoring and revolving credit line as...

CIT will provide a committed factoring line of up to (more…)

#bankruptcy#CIT#working capital


Texas factor signs up Gulf Coast manufacturer

Accounts Receivable Funding Corporation has entered into a factoring agreement with  (more…)

#funding#liquidity


Trade-credit insurance expected to soar

Trade-credit insurance has been used in the US since the last of the tall-masted ships were hauling cargo between Europe…

#Atradius#international#management


Business Alliance Capital provides US$4m accounts receivable and inventory...

Business Alliance Capital Company, an asset-based lender and factor headquartered in (more…)


Maryland asset-based financier to take on REIT status

Commercial finance company and CFA member CapitalSource Inc. will elect REIT status with the aim of (more…)

#cash-flow#commercial finance#corporate finance


Royal Bank provides asset-based finance for mines’ working capital

Pine Valley Mining Corporation has announced that it has completed a revolving working capital credit facility with Royal Bank Asset…

#asset based finance#bank#debt financing


Wells Fargo Business Credit provides working capital financing for...

With acquisition and working capital financing provided by Wells Fargo Business Credit (more…)


CIT Group names President, CIT Canada

The new President, CIT Canada will be responsible for directing the continued expansion of CIT's financial offerings across (more…)


Fed raises interest rates

The Federal Reserve's decision to keep raising interest rates in the face of a devastating hurricane means (more…)

#bank#banks#Clear

Chase Business Credit adds three to ABL origination team

Chase Business Credit recently announced three additions to its asset-based loan origination team (more…)

#bank#Bank of America#financial services

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