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Tyco International Ltd. has decided against selling its lending division and will instead spin it off in an initial public stock offering next week. Bidders for Tyco's CIT unit discussed prices that fell within the same US$5 billion to US$5.8...
Gils Berrous has been appointed chairman of the management board of Factorem, the factoring subsidiary of French banking group Natexis…
#management
Independent Growth Finance (IGF) is the latest member of the Factors and Discounters Association after rapidly establishing itself since its…
#IGF#Independent Growth Finance#invoice
Areas of First National Business Finance will now be re-branded Abbey National business. Invoice Finance which incorporates invoice discounting and…
#business finance#invoice#receivables
The Turk Ekonomi Bankas group has released its consolidated balance sheet for the year ended 31 December 2001. The statement…
CIT Group Inc.’s chief executive Albert Gamper, pitching the company's planned US$5.8 billion stock offering, says Tyco International Ltd.'s ownership…
#CIT#CIT Commercial Services#international
The Thai Securities and Exchange Commission yesterday praised 15 companies for providing management discussion and analysis (MD&A) to investors as…
Tyco’s former International Director, Frank Walsh commented on Monday about the litigation filed by Tyco’s board of Directors. He said:…
#acquisition#CIT#financial services
It was leading structured finance provider NMB-Heller’s ability to see beyond the recent storm of negative publicity surrounding the future…
#bank#bank loan#cash-flow
The latest FDA figures find more businesses are turning to invoice discounting to assist their export drive into Europe. While…
Dominique Charpentier is joining Gerling NCM Credit and Finance. He will take over as Chief Executive Officer of Groupe Etoile,…
#international#management
HPSC Inc. announced today that it has discovered that an employee of the company's asset-backed lending subsidiary, American Commercial Finance…
#AMEX#bank#commercial finance
Tyco has filed a suit against former director Frank Walsh. The company said that the Mr Walsh received an improper…