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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
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 Group Inc., has announced that it entered into a $3 billion loan facility provided by a group of the Company's…
CIT Group Inc. are believed to have reached an agreement securing a $3billion funding package in last-minute rescue financing (more…)
#bank#bankruptcy#CIT
US factoring provider CIT Group has been left hurtling towards likely bankruptcy after the US government rejected its plea for…
#bank#CIT#liquidity
Bibby Financial Services said today that in the first half of 2009 it has experienced growing interest in factoring services…
CIT Group Inc, a provider of financing to SMEs, has confirmed that it remains in discussions with its principal regulators…
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 Funding Group has signed an agreement to provide a US$66 million accounts receivable factoring facility (more…)
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 Factors Corporation has acquired a factoring business which provides factoring, import trade financing and accounts receivable management services (more…)
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
A Miami judge ruled on Tuesday in an ongoing case in which BDO International is accused of not properly overseeing BDO Seidman in…