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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 for a $3 billion bailout. (more…)

#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…)


First Capital Provides $5.5m factoring facility

First Capital announced it has provided a $5.5 million accounts receivable factoring and inventory credit facility (more…)

#financial services#working capital#working capital solutions

Judge rules in landmark Factoring audit trial

A Miami judge ruled on Tuesday in an ongoing case in which BDO International is accused of not properly overseeing BDO Seidman in…

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