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Interface Financial Group have become the second factor this week to offer invoice finance services to CIT Group customers (more…)
Punjab National Bank today signed a joint venture agreement for a commercial finance subsidiary. (more…)
The factoring team at China Minsheng Banking Corporation (CMBC) provide Factorscan with an overview of the development of China s…
A US factoring firm has re-launched a specialised hotline directed at CIT factoring customers who may be looking for an alternative factoring…
#CIT#commercial finance#confirming
NewAlliance Bank yesterday announced the launch of the bank s first asset-based lending division. (more…)
RBS Invoice Finance today confirmed the company will not be effected by (more…)
#bank#European Commission#insurance
Dirk Van Strijthem, CEO of KBC Commercial Finance in Belgium, gives Factorscan his views on the precarious future of the…
#commercial finance#exports#international
The Payments Services Directive (PSD) law became effective yesterday, with direct debits beginning to be processed through the Single European…
#bank#banks
CIT Commercial Services have confirmed they will not file for bankruptcy with parent bank CIT Group. (more…)
Factoring was dubbed an essential tool for preventing insolvencies amongst Hungary SMEs at a financial conference held in Budapest. (more…)
#bank#conference#insolvency
Chairman of AIB Dan O Connor has stressed the integral role invoice discounting will play in the banks recovery. (more…)
CIT Group has filed for bankruptcy, it was announced today. (more…)
#bankruptcy#CIT#commercial finance
The owner of a small construction business based in New Port Richey, Florida has pleaded guilty to defrauding private factoring…