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Sequoia National Bank Sues Sub-Prime Lenders Over Allegations of...

Sequoia National Bank has announced that it has filed a lawsuit against Peter Behr, Jr., Richard Hatfield, Daniel Holland, Robert Johnson, Paul Van Etten, and certain affiliated companies. The complaint alleges that the defendants have conspired to expand their sub-prime,...

BancoEstado Guarantees US$110m for Small Businesses Credit

BancoEstado is extending US$110mil in warranties for loans for operations and investment projects for micro, small and medium sized companies…

#BBVA#financial institutions#guarantees


Banco de A Edwards' Ratings Affirmed By Fitch

Fitch, the international rating agency, has affirmed Banco de A Edwards’ ratings at long-term 'A-' (A minus), Short-term 'F2' foreign…


SunTrust Receivables Capital Management Opens Office

SunTrust Banks, Inc. today announced that its Receivables Capital Management unit, formerly known as SunTrust Bank Factoring, has opened a…


Exicon to Offer Brazil’s First Import Factoring Service in...

Exicon, the leading factor in the Brazilian market, has today announced the commencement of the operation of an import factoring…


Asta Funding Posts Record Revenue and Net Income Gains...

Asta Funding, Inc., the New Jersey based consumer receivables asset management company (which specializes in the purchase, liquidation and management…

#economy#funding#management


Economic Development Agency to Offer New Credit Lines via...

Corfo (Corporacion de Fomento de la Produccion – the Chilean economic development agency) will offer a new credit and loans…


80% of Americans Retain pre-September 11th Attitude to Debt

A nationwide survey sponsored by CollectionIndustry.com shows that 80 percent of Americans stand ready to pay their debts in the…

#recession#WHO


Accord Q3 Results Show Revenue Decline

Accord Financial Corp. has today announced results for the three months and nine months ended Sept. 30, 2001 as follows:


Asset Based Lending of Healthcare

It can be a fair bet that financial models adopted in the USA eventually make their way to the rest…

#commercial finance#conference#invoice


Braving the Storm

The Commercial Finance Association’s 57th Annual Convention and Exposition, San Francisco, October 24th-26th. The USA is, in many ways, the…


Exhibitors Bank on CFA Convention

A high turnout marks business support for the Commercial Finance Association The 57th Annual CFA Convention has continued to enjoy…

#bank#commercial finance#Deutsche Bank

CEO of GMAC Commercial Credit Dismissed

Mr. Joe Grimaldi, the chief executive officer of the USA’s second largest factoring company, GMAC Commercial Credit, has been dismissed…

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