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GMAC Financial Services reported a $10.3 billion net loss for 2009. Of this figure, a $5 billion net loss was recorded in the fourth quarter alone. (more…)
Sterling Bancorp, parent company of Sterling National Bank, have released their annual figures for 2009, reporting a net interest income…
#acquisition#bank#management
CIT Commercial Finance - erstwhile giant of the US factoring industry and the recognised crown jewels of the CIT portfolio…
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
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 announced today that during 2009 it added 650 new clients to its lending book, as small and…
Wells Fargo has completed its record-breaking financial year with a total net income of $12.3 billion a vast improvement from…
CIT Group Plc has announced that its Board of Directors has appointed current board member (more…)
2009 was a watershed year for the commercial finance industry, according to Mike Semanco, President of (more…)
Bio-Clean, a distributor of biodegradable industrial cleaners and restorations products, has secured a credit-line and factoring agreement with Swiss Holding…
United Capital Funding Corp., the leading provider of professional Accounts Receivable based funding in the United States, today announced that…
#AR#bank#management
Bibby International Trade Finance, a subsidiary of Bibby Financial Services, has announced it is to provide a (more…)
#financial services#international#International Trade
CIT Group has announced it is to waive fees on Small Business Administration (SBA) loans as part of its SME…