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$1bn boost for CIT trade finance unit

Troubled lender CIT Group has announced that it will give $1 billion of that money to its trade finance unit (more…)

#bankruptcy#Boost#CIT

Demand for factoring remains strong

United Capital Funding Corp. announced today that they continue to have strong demand for their services for the year to…


CIT: back to the wall

An examination of the troubles at CIT in the US, and the company's possible future after it went to shareholders…

#bank#invoice#management


U.S. Attorney's Office rule on $1.1m factoring fraud

A woman accused of scamming an invoice factoring company has been indicted on 15 counts of fraud and money laundering…

#factoring fraud#financial services#invoice


CIT announces $3billion credit facility

CIT Group Inc., has announced that it entered into a $3 billion loan facility provided by a group of the Company's…


Lifeline for CIT

CIT Group Inc. are believed to have reached an agreement securing a $3billion funding package in last-minute rescue financing (more…)

#bank#bankruptcy#CIT


CIT on brink after bailout talks fail

US factoring provider CIT Group has been left hurtling towards likely bankruptcy after the US government rejected its plea for…

#bank#CIT#liquidity


Demand for factoring climbs as credit crunch continues

Bibby Financial Services said today that in the first half of 2009 it has experienced growing interest in factoring services…


CIT remains in search for liquidity solutions

CIT Group Inc, a provider of financing to SMEs, has confirmed that it remains in discussions with its principal regulators…


United Capital achieves 100% bankruptcy protection

United Capital Funding Corp today announced that it has successfully shielded 100% of its clients from credit losses due to…

#bankruptcy#credit risk#Mark Mandula


Platinum provides $66m factoring facility

Platinum Funding Group has signed an agreement to provide a US$66 million accounts receivable factoring facility (more…)


Bibby named approved lender by Ex-Im Bank

Bibby International Trade Finance announced today that it has been named an approved lender by the Export-Import Bank of the…

#bank#guarantees#international

Sterling Bancorp acquire factoring business

Sterling Factors Corporation has acquired a factoring business which provides factoring, import trade financing and accounts receivable management services (more…)

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