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The sudden plunge in interest rates over the second half of 2003 has led to a resumption of corporate borrowing activity. With lending rates now lower than the going rate of inflation, companies face little risk when borrowing, and refinancing...
According to sources familiar with the situation, Compass Bank is getting out of export lending. The bank's structured trade finance…
#bank#interest rates#international
GMAC Commercial Finance has approved a new US$45 million factoring facility for leading private label and private brand casual apparel…
#capital requirements#commercial finance#management
Accord Financial Corp., a leading North American provider of asset-based financial services to businesses, has announced its unaudited consolidated financial…
#Accord Financial#Accord Financial Corp#financial services
CIT Group Inc. reported net income of $176.6 million for the second quarter, an increase from $136.9 million. Diluted earnings…
The former president of a computing company pleaded guilty yesterday to his role in a US$170 million scheme to defraud…
#bank#factoring fraud#MAN
The factoring operations of Chilean banks have seen “explosive” growth in the first half of 2004. The factoring volumes for…
Sterling Bancorp, the US finance house and parent company of Sterling National Bank, has reported a 14.7 per cent increase…
Atradius has announced the expansion of its worldwide collection activities through the acquisition in the US of Chicago-based International Collections…
Bridge Bank, a market leader among independent banks in sales of the US Small Business Administration (SBA) loans in Northern…
#bank#cash management#management
Loans from Colombia's state-owned export development bank Bancoldex to micro-, small- and medium-sized enterprises grew 99% to 407bn pesos (US$153.4mn)…
#bank#smes#trade
GE Commercial Distribution Finance (GECDF), the supplier finance unit of GE Capital, has agreed to expand the distribution finance facility…
The Singing Machine Company, a maker of consumer-oriented karaoke machines in the US, has said it will look to selling…
#capital requirements#management#receivables