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The CIT Group today announced a record net income of $151.4 million for the second quarter of 2000. This represents an increase of 57.2% from the same quarter of 1999 and puts this year’s six monthly income at $295.3 million.
#CIT
The USA’s largest provider of factoring services, CIT Commercial Services, have today announced an alliance with TradeOut, a global internet…
#cash-flow#CIT#CIT Commercial Services
Go to www.capital.com and you will find an on-line business finance marketplace in which premier financing sources compete to provide…
#business finance#Commercial Credit#funding
The Heritage Bank of Commerce have today announced that Sherry Crowley has been made Vice President and Business Development Officer…
As part of a large expansion programme, Chile’s Banco de A. Edwards announced yesterday that it had opened a factoring…
The US’s largest provider of factoring services, CIT Commercial Services, has announced that it will form a strategic alliance with…
#CIT#CIT Commercial Services#e-commerce
The Finova Group has today announced that it has signed an agreement to sell its commercial services business (which provides…
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