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CIT Group posted a higher fourth-quarter profit, citing growth in its financing and leasing portfolio and a smaller proportion of bad loans. The Company reported earnings of US$155.2 million compared with US$141.3 million in the year-ago period. Excluding a gain...
#CIT#leasing
Chile's banking regulator SBIF has announced its rejection of a banking licence request from Banco Progreso. Progreso plans to offer…
Factoring company, Boston Financial Corp., yesterday unveiled a new unit, Boston Financial Solutions LLC. The new venture will focus on…
#management
US Bank Business Credit is the agent of a $20 million senior secured credit facility to Tai Foong USA, an…
#bank#cash management#management
The Bank of Canada cut interest rates for the first time in almost five months yesterday, citing the combined impact…
King Juan Carlos of Spain championed small businesses during his official visit to Chile. In a meeting in Santiago between…
“When, in the space of a year, the revenue growth of Ken Taylor Plumbing, a 40-year-old, one-man plumbing service in…
Since hitting its lowest point in November 2000, the euro has shot up by more than 50 per cent against…
#exports#interest rates#international
Fitch Ratings has upgraded and removed from Rating Watch Positive Transamerica Finance Corp.'s (TFC) senior debt to 'AA-' from 'A'…
Mexico's government has kept the door open to a possible merger involving Ex-Im bank Bancomext and small business development bank…
#bank#banks#small business
In September, Community Redevelopment Agency (CRA) executive director Doug Hutchinson signed an invoice promising US$9,000 to factoring company A/R Funding…
#funding#invoice#Paid
The Export-Import Bank of the United States (Ex-Im Bank) can provide three different types of financing to support Iraqi reconstruction…
Chile's factoring industry posted total profits of around 11bn pesos (almost US$20m) in 2003 with income set to increase this…
#exports#factoring industry#international