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Sterling Bancorp release annual figures

Sterling Bancorp, parent company of Sterling National Bank, have released their annual figures for 2009, reporting a net interest income increase of (more…)

#acquisition#bank#management

Where will the giant lay its head?

CIT Commercial Finance - erstwhile giant of the US factoring industry and the recognised crown jewels of the CIT portfolio…


Receivables Exchange receives 12.1 million euros from investors

The Receivables Exchange, the first online marketplace for real-time trading of accounts receivable, announced this week that it has (more…)

#business finance#cash-flow#management


SME confidence ‘steady’ according to Discover Small Business Watch

The latest Discover Small Business Watch survey, conducted in December, reported that 51 percent of small businesses have experienced cash…

#bank#cash-flow#small business


Bibby Financial Services announce increased client figures for 2009

Bibby Financial Services announced today that during 2009 it added 650 new clients to its lending book, as small and…


Wells Fargo completes record year following Wachovia merger

Wells Fargo has completed its record-breaking financial year with a total net income of $12.3 billion a vast improvement from…


CIT appoints temporary CEO

CIT Group Plc has announced that its Board of Directors has appointed current board member (more…)


2009 a “watershed” year for asset based finance, states...

2009 was a watershed year for the commercial finance industry, according to Mike Semanco, President of (more…)


Bio-Clean announces factoring agreement

Bio-Clean, a distributor of biodegradable industrial cleaners and restorations products, has secured a credit-line and factoring agreement with Swiss Holding…


United Capital announce $1 billion landmark

United Capital Funding Corp., the leading provider of professional Accounts Receivable based funding in the United States, today announced that…

#AR#bank#management


Bibby provide factoring to Colorado plastics firm

Bibby International Trade Finance, a subsidiary of Bibby Financial Services, has announced it is to provide a (more…)

#financial services#international#International Trade


CIT waives fees for small businesses

CIT Group has announced it is to waive fees on Small Business Administration (SBA) loans as part of its SME…

Wells Fargo to merge asset based lending units

Wells Fargo Company today announced it is to combine its asset-based lending units with those of the recently acquired Wachovia…

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