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In the July-September 2000 quarter Bank of America, the second largest US financial services company, whose interests include factoring, recorded its non-performing loans at $4.4 bn, an increase of 45% over the $3 bn of July-September 1999. The bank reports...
The leading online marketplace for the global seafood industry, Worldcatch has today launched a factoring service offering sellers of seafood…
The CIT Group Inc (which offers a range of financial services including factoring, structured financing, equipment, commercial and consumer financing…
KBK Capital Corporation of Fort Worth, Texas (which provides commercial loans, mezzanine loans and factoring to middle-market businesses) has reported…
#banks#CIT#economy
The banking and financial services company Sterling Bancorp has today announced its results for the third quarter of 2000. Net…
The finance group Santander Mexicano has today announced a net income of P$677 million for the third quarter of 2000,…
#insurance
Ken Hitzig CEO Accord Financial Corp. has reported record activity in one of its wholly owned subsidiaries JTA Factors Inc.,…
#Accord Financial#Accord Financial Corp#cloud
CIT Commercial Services has announced a strategic alliance with FTADirect, a leading online business-to-business marketplace for the textiles and finished…
#CIT#CIT Commercial Services#credit protection
GMAC has joined the eCredit.com Global Financing Network as a financing partner. The Global Financing Network connects businesses to global…
Lawrence Rosenzweig of the Barridon Corporation has pleaded guilty today in a federal court to the charge of “wire fraud”,…
Finatra Captial Inc has announced plans to buy Premium Asset Recovery Inc. a factoring company specialising in the collection of…
#acquisition#WHO
Heller Financial Inc. has today appointed Mark Ohringer to General Counsel effective immediately. Ohringer joined Heller’s legal department in 1993…
OFEK Capital Corp has announced the formation of a new American factoring company to be known as AFC, and will…
#e-commerce