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EDS and Primestreet Collaborate to Enhance Online Credit Solutions...

The global services company EDS and the credit-solution enabler, Primestreet announced on Friday 12 January 2001 a comprehensive agreement to distribute a real-time credit system for lending institutions. It is hoped that the system will facilitate the processing of credit...

GMAC Purchase of Bank of America Commercial Finance Likely...

Further to our report of 1 December 2000, it is understood that the announcement of GMAC’s intention to purchase Bank…

#bank#Bank of America#BCR Publishing


CIT to Develop its E-Commerce Interests via Agreement with...

CIT Commercial Services, the leading US factoring company, has entered into an agreement with RetailExchange.com, the online business-to-business exchange for…


Possible Bank of America Commercial Finance Sale

An announcement of the sale of the US division of Bank of America Commercial Finance is expected next week. It…

#bank#Bank of America#BCR Publishing


Asta Funding to Use Record Earnings to Develop Factoring...

The New Jersey based consumer receivables and management company Asta Funding Inc. has today reported results for its fiscal year…


Finantra to Discard Factoring Operations

The financial services group Finantra yesterday announced that it would discontinue a number of its operations including factoring, medical billing,…


GE Reports Record Third Quarter Results

General Electric, the US based conglomerate, recorded third quarter 2000 earnings of $3.18 billion, a record for the quarter and…

#financial services#investment


Bill Introduced Concerning “Factoring” of Payments to Victims of...

A new federal bill, The Structured Settlement Act (HR 5421), was introduced on 6 October 2000. This legislation is intended…

#insurance#securitisation#trade


SunTrust Group Records Only Modest Third Quarter Profit Growth

The USA based SunTrust banking group which includes a factoring operation has reported net income of $326.8m in the third…

#SunTrust


Bank of America Sees Growth in Non-Performing Loans

In the July-September 2000 quarter Bank of America, the second largest US financial services company, whose interests include factoring, recorded…


Worldcatch Brings Factoring to the Seafood Market

The leading online marketplace for the global seafood industry, Worldcatch has today launched a factoring service offering sellers of seafood…


CIT Group Records 58% Net Income Growth in January-September...

The CIT Group Inc (which offers a range of financial services including factoring, structured financing, equipment, commercial and consumer financing…

KBK Capital Corporation Records Sharp Growth in Net Income

KBK Capital Corporation of Fort Worth, Texas (which provides commercial loans, mezzanine loans and factoring to middle-market businesses) has reported…

#banks#CIT#economy

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