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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 the period of tightened credit availability (more…)

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


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…

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