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The Finova Group has today announced that it has signed an agreement to sell its commercial services business (which provides factoring and accounts receivable management services) to GMAC Commercial Credit. Matt Breyne, president and CEO of Finova said “This decision...
The Federal Reserve’s latest survey on regional economic conditions indicates that the rate of growth in the US has slowed…
US venture capital financing has slowed slightly in the second quarter, but still remains at record levels of about US$1bn…
A new rule is proposed by the US Securities and Exchange Commission to stop companies giving favoured analysts and investors…
Company Volume Factored in $ millions Percentage Increase from 1998 Percentage of Industry Total Volume Non Recourse Factors Accord Business Credit Inc 762 -1.2% 26.3% GMAC Commercial Credit Corp 740 -5.1% 25.6% Brome…
In spite of the introduction of laws this year to protect minority investors and to eliminate capital controls, levels of…
The Canadian Factoring Association was brought into being to lobby the government and the Export Development Corporation (EDC). In the…
#banks#international#invoice
There have been unprecedented numbers of mergers and acquisitions in the US factoring industry in the last 12 months, with…
#bank#BCR Publishing#CIT
Consolidation among companies that provide finance for small businesses is making it harder for companies to get cash, reports the…
The election result for 2 July was better than expected. The financial markets reacted very well, with falls in country…
#interest#interest rates#risk
Finova Group Inc. retained Credit Suisse First Boston to review strategic alternatives, including a possible sale, due to short-term financial…
MetroCorp Bancshares Inc. announced that Advantage Finance Corporation, the factoring subsidiary of MetroBank N.A., has reportedly been the victim of…
#3M#bank#interest rates