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Capital Associates partner with Aljex

Capital Associates have partnered with software firm Aljex, to provide (more…)

#management#receivables#software

CIT chairman announces resignation

Jeffrey Peek, CEO and Chairman of troubled lender CIT, has announced he will be resigning at the end of the…

#bankruptcy#CIT#interest


Summit provide asset-based finance for medical firm Corgenix

Corgenix Medical Corporation have secured a $1,750,000 asset-based finance facility with Summit Financial Resources LP, retiring their previous factoring agreement…


Speculation mounts as two bondholder quit CIT steering committee

Two creditors from the steering committee of CIT s bondholders have resigned, Bloomberg have reported. Pacific Investment Management Company (PIMCO)…

#CIT#funding#investment


“Little hope” for CIT, according to researcher CreditSights

According to a report by CreditSights Inc., CIT s plans for restructure have very little hope of succeeding. The report,…

#bonds#CIT#liquidity


CIT launch debt exchange plan

CIT officially announced a financial restructuring plan late yesterday; opting as previously reported to offer debt exchanges to bondholders in…


PrimeRevenue partners with OB10 to offer enhanced supply chain...

PrimeRevenue has announced a partnership with OB10 to provide a combined supply chain finance platform and e-Invoicing solution to Fortune…

#invoice#payment terms#receivables


CIT reaches restructuring deadline

It has been another week of uncertainty for CIT, as the firm approached today s deadline for the restructuring of…


Interface launch new factoring services

The Interface Financial Group (IFG) today announced the addition of three new additions to its services. The firm will now…

#international#invoice#smes


Wells Fargo launch complete supply chain finance solution

Wachovia, a Wells Fargo subsidiary, last week introduced its first complete end-to-end supply chain finance solution, which will provide both…

#bank#receivables#supply chain finance


More trouble for CIT as they file to foreclose...

CIT Group PLC are seeking to foreclose on a $12 million loan made to New York based property developer 654…


Coface expects US credit insurance market to double by...

Coface North America are seeing a dramatic increase in demand for the company's trade credit insurance in the United States,…

Coface provides factoring facility for Texas plastics firm

Coface Credit Management North America, Inc., the factoring arm of Coface North America, has provided a factoring facility for a…

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