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Donald Wiener, who runs the dress chain Dresses For Less, is suing CIT Group and other accomplices, accusing them of running a factors’ monopoly called the Uptown Credit Group. The group meets twice a week to decide which garment companies...
#3M#banks#CIT
Warren Buffet’s Berkshire Hathaway Inc dropped its offer for $500m in notes from Finova Group Inc. Berkshire could end the…
The National Bank of Canada (which is a private bank, rather than the Canada’s central bank) has established a factoring…
#bank#BCR Publishing
Tyco International Ltd. announced that its financial services group, CIT, which includes CIT Commercial Services, the largest factoring company in…
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
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, the Edmonton-based provider of e-finance solutions, together with the one-stop financing shop, Alliance Financing Group Inc., announced…
The latest Federal Reserve report of loans made by banks reveals they are not nearly as keen as they once…
Mexico's Comision Nacional Bancaria y de Valores (CNBV) has stepped in to administrate Banca Quadrum, one of the 'new' banks…
Brazilian banks are reducing the offer of credit to small and medium sized companies due to the growth of default…
#banks
Asta Funding, the financial services company which specialises in factoring and the purchase, liquidation and management of performing and non-performing…
#financial services#funding#management
The Toronto-based Accord Financial Corp (which through its subsidiaries in Canada and the United States, provides asset-based financial services to…
KBK Capital Corporation, which provides financial services to middle-market businesses, today reported its operating results for the second quarter and…