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Americas

Anfac calls for factoring regulation

Chile's factoring industry would only become subject to official state regulation if the companies concerned were to begin to handle public funds, according to chief securities and insurance regulator Alejandro Ferreiro. The country's factoring system remains generally unregulated, apart from...

#bank#factoring industry#factoring regulation

Ex-Im Bank’s 2005 budget

President Bush's fiscal year 2005 budget request for the Export-Import Bank of the United States (Ex-Im Bank), which the Administration…


Banco de Chile report solid performance from factoring unit...

Banco de Chile has posted net income of 130bn pesos (US$220m) for last year, up 146% compared to 2002 on…

#bank


Steelmaker seeks bankruptcy protection to restructure with syndicated finance

Stelco, Canada's largest steelmaker, announced yesterday that it will seek bankruptcy protection as part of efforts to restructure its money-losing…

#bankruptcy#CIT#commercial finance


New competitor enters SME finance sector

A new Germany-based company will soon join the local banking sector when it opens the first Mexican office of Deutsche…


Leasing finance companies set for lending boom

Mexico's financial leasing companies should issue 12bn pesos (US$1.09bn) in new loans in 2004, up 71% from an estimated 7bn…


Fed hold rates steady, drops ‘Considerable Period’ outlook

Federal Reserve policy makers unexpectedly dropped a commitment to hold interest rates low “for a considerable period” while voting to…


Ex-Im Bank supports US aircraft export to Thai Airways

The Export-Import Bank of the United States (Ex-Im Bank) has approved a US$244 million long-term guarantee to support the export…


Merged asset-based lending businesses name new leader

President and chief executive officer of Fleet Capital Corporation, James G. Connolly, has been tapped to lead the combined asset-based…


Key Capital Factoring Inc. changes its name

Last year, Key Bank and Trust changed its name to K Bank, after a lengthy lawsuit over the Key name…

#bank#Trust


Factoring companies report Q3 profits up 30%

Mexico's 16 factoring companies reported consolidated net income of 153m pesos (US$14m) during the third quarter of 2003, up 30%…


Moody's rating for Banorte factoring and leasing subsidiaries

The Mexican subsidiary of international ratings agency Moody's has assigned the factoring and leasing subsidiaries of local financial group Banorte…

#bank#international#leasing

CIT reports 9.8% increase in Q4 earnings

CIT Group posted a higher fourth-quarter profit, citing growth in its financing and leasing portfolio and a smaller proportion of…

#CIT#leasing

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