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CIT Commercial Finance not filing for bankruptcy

CIT Commercial Services have confirmed they will not file for bankruptcy with parent bank CIT Group. (more…)

CIT files for bankruptcy

CIT Group has filed for bankruptcy, it was announced today. (more…)

#bankruptcy#CIT#commercial finance


Construction business owner pleads guilty to factoring fraud

The owner of a small construction business based in New Port Richey, Florida has pleaded guilty to defrauding private factoring…


CIT secures loan

CIT have secured additional funding from a group of a "group of diverse lenders" (more…)


CIT counter Icahn's criticism of restructure plan

CIT Group, parent bank of CIT commercial finance, have deemed billionaire investor Carl Icahn s letter to bondholders inaccurate (more…)

#bank#cash-flow#CIT


US firm launches alternative finance search facility online

Alternative receivables financer provider and asset-based lender Capital Match has launched (more…)


CIT extends exchange deadline

CIT Group have once again made alterations to the debt exchange offered to bondholders; the second change since the restructure…

#bankruptcy#CIT#interest rate


1st Commercial Credit launches business credit report service

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


Interface responds to government SME legislation plans

Interface Financial Group has commented on the US government s plans to assist small and medium sized enterprises (SMEs) through…


Wells Fargo announce record third quarter

Following steep losses last year, Wells Fargo have announced a record year-on-year growth (more…)

#bank#supply chain finance


Great American Group launch new subsidiary

Great American Group have introduced a new division that will provide (more…)

#asset based finance#funding#liquidity


Icahn offers CIT loan

CIT have been offered a $6 billion loan from Carl Icahn, (more…)

#bank#bankruptcy#CIT

CIT revise debt exchange

In a regulatory filing released today, CIT Group have warned they may still have to file for bankruptcy, the Associated…

#bankruptcy#bonds#CIT

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