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Ohio s FirstMerit Bank is to acquire the asset based lending division of Missouri-based (more…)
#bank#First Bank#small business
Peter Mulroy, Senior Vice President of CIT Commercial Services, has declared business as usual at the factoring firm, despite attempts…
#bank#CIT#confirming
Interface Financial Group have become the second factor this week to offer invoice finance services to CIT Group customers (more…)
A US factoring firm has re-launched a specialised hotline directed at CIT factoring customers who may be looking for an alternative factoring…
#CIT#commercial finance#confirming
NewAlliance Bank yesterday announced the launch of the bank s first asset-based lending division. (more…)
CIT Commercial Services have confirmed they will not file for bankruptcy with parent bank CIT Group. (more…)
CIT Group has filed for bankruptcy, it was announced today. (more…)
#bankruptcy#CIT#commercial finance
The owner of a small construction business based in New Port Richey, Florida has pleaded guilty to defrauding private factoring…
CIT have secured additional funding from a group of a "group of diverse lenders" (more…)
CIT Group, parent bank of CIT commercial finance, have deemed billionaire investor Carl Icahn s letter to bondholders inaccurate (more…)
#bank#cash-flow#CIT
Alternative receivables financer provider and asset-based lender Capital Match has launched (more…)
CIT Group have once again made alterations to the debt exchange offered to bondholders; the second change since the restructure…
#bankruptcy#CIT#interest rate
1 st Commercial Credit LLC, a factoring firm based in the US, today launched an online database that allows companies to…
#credit reports#payment terms#receivables