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First Business Financial Services, Inc. announces plans for future...

First Business Financial Services, Inc. has announced plans to file as a public company with the Securities and Exchange Commission (SEC). The company has also reported net income of US$1.9 million for the first half of 2004. This was an...

#bank#commercial finance#financial services

Ex-Im Bank authorises US$600 million to support exports to...

In the first three quarters of fiscal year 2004, ending 30 June 2004, the Export-Import Bank of the United States…

#bank#exporters#exports


Ex-Im Bank launches new foreign dealer insurance product

The Export-Import Bank of the United States (Ex-Im Bank) has introduced a new type of insurance policy that covers financing…


Corporate financial strategies in Venezuela

The sudden plunge in interest rates over the second half of 2003 has led to a resumption of corporate borrowing…


Alabama bank exits export lending business

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 approves US$45m factoring facility

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 announces factoring volume increase in Qs 1&2 2004

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 reports 38.7% increase in first half net income

CIT Group Inc. reported net income of $176.6 million for the second quarter, an increase from $136.9 million. Diluted earnings…


Man pleads guilty in Espirito Santo factoring fraud

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


Factoring volumes rocket 186pc in H1

The factoring operations of Chilean banks have seen “explosive” growth in the first half of 2004. The factoring volumes for…


Factoring drives US bank’s income rise

Sterling Bancorp, the US finance house and parent company of Sterling National Bank, has reported a 14.7 per cent increase…


Atradius acquire US debt collection agency

Atradius has announced the expansion of its worldwide collection activities through the acquisition in the US of Chicago-based International Collections…

Market leader in sales of SBA loans to SMEs

Bridge Bank, a market leader among independent banks in sales of the US Small Business Administration (SBA) loans in Northern…

#bank#cash management#management

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