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Asta Funding Acquires US$490 Million of Distressed Consumer Receivables

Asta Funding, Inc., a leading consumer receivables asset management and liquidation company, today announced that the company has acquired three distressed consumer receivable portfolios totalling US$490 million. All of these portfolios contained distressed consumer credit card receivables and were purchased...

Unicredito Italiano SpA is to Buy 50% Stake in...

Unicredito Italiano SpA said it has reached an agreement to buy a 50% stake in Koз Financial Services, a unit…

#bank#financial institution#financial services


FDA Report Growth in Larger Companies using Invoice Finance

More businesses are turning to invoice discounting to assist their export drive into Europe finds the latest Factors & Discounters…

#international#invoice#management


Euro Sales Finance Gains Membership of FDA

Euro Sales Finance (Euro Sales), a specialist provider of invoice discounting and factoring services, has gained membership of the Factors…

#bank#invoice#management


Tyco to Go Ahead with CIT IPO after Lehman...

Tyco International Ltd will go ahead with an Initial Public Offering of its financial services unit CIT Group after talks…

#bank#CIT#CIT Commercial Services


Firms Will have Right to Levy up to Ј100...

Small Business Minister Nigel Griffiths today announced a new package of measures to help combat late payment of bills -…

#late payment#Paid#small business


UK Exporters Look Forward to new Late Payment Protection

Research carried out by the Credit Management Research Centre (CMRC), a member of the Better Payment Practice Group, has highlighted…

#bank#exporters#late payment


Eurofactor (UK) Reports Substantial Increase in Profit for 2001

Eurofactor (UK) Ltd have recorded a substantial increase in profit in their accounts for the year ended 31 December 2001.…


Lehman Bid for CIT Group and then Withdraw

Lehman Brothers Holdings, an adviser to Tyco International, bid about US$5 billion for Tyco's CIT finance unit but then appeared…


Back Office Support Services Limited’s Abbreviated Financial Statements Show...

Back Office Support Services Limited, a financial company that offers independent and professional business support to the recruitment industry and…

#funding#invoice#management


Accord Financial Corp. Announces New Customer Referral Agreement with...

Accord Financial Corp. announced yesterday that its factoring subsidiary Montcap Financial Corp. has entered into a customer referral program with…

#bank#cash management#international


The Central Factors and Sanwa Business Credit to Merge

The Central Factors Limited and Sanwa Business Credit Co., Limited, announced that they are to merge. The completion date is…

#business finance#international#international factoring

Tyco's Annual Plan Hinges on Sale of CIT Group

In a quarterly regulatory filing and a conference call last Thursday the battered Bermuda-based conglomerate made clear that much of…

#CIT#CIT Commercial Services#conference

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