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CIT Files Registration Statement for Distribution of CIT Shares...

Tyco International Ltd. today announced that its financial services subsidiary, CIT Group Inc., filed a registration statement on Form 10 with the Securities and Exchange Commission (SEC) relating to the pro rata distribution of the shares of CIT to Tyco...

Asta Funding Announces New Strategic Alliance

Asta Funding, Inc, a leading factor and consumer receivables asset management and liquidation company, today announced that it has formed…


CIT Increases Funding Capability

As part of its ongoing strategy to further strengthen its financial position and diversify its funding sources, CIT Group Inc.…

#CIT#CIT Commercial Services#Credit Suisse


Rumours Emerge of Impending Purchase of Banco Galicia

Rumours have surfaced on the business news service, Zephus.com, of the forthcoming acquisition of Argentina’s Banco Galicia. A prospective purchaser…


Sterling Bancorp Announces Pricing of $22m Public Offering of...

Sterling Bancorp , parent company of Sterling National Bank, today announced the pricing of a $22 million public offering of…


Final Speakers for Eighth Annual Factoring Conference Selected

All speakers have been finalized for the 8th Annual Factoring Conference, 3 – 6 April 2002. This year’s conference will…


Caja Madrid Rumoured to Seek Stake in Banco de...

According to media speculation reported by Zephus, Spain’s Caja Madrid SA may be taking a minority stake of 10% in…

#bank#banks#BBVA


Sterling Factors Helps Vendors Get Merchandise Back on Kmart...

Sterling National Bank, the principal banking subsidiary of Sterling Bancorp, announced today that through its subsidiary, Sterling Factors Corporation, it…


Tyco Capital Renamed CIT

CIT Group Inc. announced today that it has completed two key initiatives outlined by the company on 4 February 2002,…


Accord Financial Declares Quarterly Dividend

Accord Financial Corp. announced yesterday that the Board of Directors of the Corporation declared a quarterly dividend of $0.035 per…


Tyco Capital to Draw US$8.5bn in Bank Credit

Tyco Capital, the financial services subsidiary of Tyco International Ltd, announced yesterday that it would draw from US$8.5bn in unsecured…

#bank#CIT#conference


Tyco Capital to Return to CIT Brand

As part of its initiative to prepare for independence, Tyco Capital Corporation, the financial services subsidiary of Tyco International Ltd.,…

#bank#CIT#commercial finance

Asta Funding First Quarter Revenues Increase 103%

First Quarter Highlights: Revenues increased 103 percent Net Income increased 31 percent to $2.3 million EPS of $0.53 per diluted…

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