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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 to withdraw the offer, executives close to the negotiations said last Friday. CIT Group is parent to CIT Commercial Services,...

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


Industrial Bank of Taiwan Announce Launch of Factoring Service

The Industrial Bank of Taiwan, (IBT), announced yesterday that it is to provide a factoring service. Officially founded on July…


Bank of England Releases Quarterly Report on Small Business...

The Bank of England has published their ninth quarterly report on small business statistics. The survey evidence in the report…


VR Diskontbank Shows Leap in Annual Surplus

VR Diskontbank, the German-based co-operative bank offering financial services in the areas of factoring and central regulation, last year showed…

#bank#financial services#regulation


BCR’s Prague Conference Programme Hits Factors’ Desks

BCR announced last night that it has sent out nearly 3000 programmes for its Receivables Finance International Europe Conference. Factoring…


Business Confidence for UK Small Businesses’ Future is High

A new survey confirms that the UK is one of the best places in the world to do business, Department…

#banks#small business#small businesses


Sales Linked Finance Establish Programme to Deliver e-Statements to...

Sales Linked Finance, a specialised corporate and commercial financing company in Toronto which deals in factoring, will begin a pilot…

#commercial finance#international#Linked Finance


Siam General Factoring Reports Decrease in Profit

Siam General Factoring, one of the 10 members of the Thai Factors Association and a leading player in the Thai…

GE Capital Commercial Services Offers Factoring Facility to 3DO

GE Capital Commercial Services, a leading provider of financing solutions for primarily non-investment grade companies, has sent a commitment letter…

#commercial finance#financial services#insurance

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