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Asta Funding Projects 40% Earnings Growth for 2001

Asta Funding Inc, a leading consumer receivables asset management and liquidation company which also factors commercial receivables, today announced that it projects a 40% increase in earnings growth for 2001. The company projects for the fiscal year 2001 an increase...

#asset management#funding#management

Factoring Expected to Lead KBK Back to Profitability After...

KBK Capital Corporation, which provides financial services to middle-market businesses, today reported its operating results for the third quarter and…


Asta Funding, Inc.'s Board Authorizes Stock Repurchase Program

Asta Funding, Inc, the New Jersey-based financial services company, announced today that its board of directors has authorized the repurchase…


Man Sentenced for Selling Accounts Receivable of Fictitious Company

O’Rane Cornish, former controller of 6C/Dahcor Industries Inc, a Tennessee corporation, was sentenced for swindling two companies out of nearly…

#MAN#Two#WHO


CIT Group Accused of Running a Factors’ Monopoly

Donald Wiener, who runs the dress chain Dresses For Less, is suing CIT Group and other accomplices, accusing them of…

#3M#banks#CIT


Berkshire Hathaway Drops Finova Offer

Warren Buffet’s Berkshire Hathaway Inc dropped its offer for $500m in notes from Finova Group Inc. Berkshire could end the…


National Bank of Canada Enters the Canadian Export Factoring...

The National Bank of Canada (which is a private bank, rather than the Canada’s central bank) has established a factoring…

#bank#BCR Publishing


CIT Renamed Tyco Capital

Tyco International Ltd. announced that its financial services group, CIT, which includes CIT Commercial Services, the largest factoring company in…


North American Factors “Drowning in a Sea of Credit...

An informed source in Canada was speaking to a colleague in an undisclosed Canadian factoring company owned by a major…

#bank#BCR Publishing#business finance


Joint Venture of Banco de Chile and BCI to...

Artikos Chile, a company formed with a US$9mil investment by Banco de Chile and BCI (Banco Credito e Inversiones), is…

#electronic factoring#investment#Produce


Intuit Canada Limited and Alliance Financing Group Inc. Announce...

Intuit Canada Limited, the Edmonton-based provider of e-finance solutions, together with the one-stop financing shop, Alliance Financing Group Inc., announced…


Banks Limit Lending to High-Tech Firms

The latest Federal Reserve report of loans made by banks reveals they are not nearly as keen as they once…

Banca Quadrum Goes into CNBV Administration

Mexico's Comision Nacional Bancaria y de Valores (CNBV) has stepped in to administrate Banca Quadrum, one of the 'new' banks…

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