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In a filing, CIT Group said it was unable to file its quarterly report for the period ended June 30, 2009 by the prescribed filing deadline (more…)
#CIT#funding#liquidity
Shares in troubled lender CIT Group Inc. dropped more than 20% by the close of trading Monday amid fears the…
#alternative financing#bankruptcy#CIT
Platinum Funding Group has signed an agreement to provide a $66 million accounts receivable factoring facility to a leading provider…
#banks#funding#liquidity
Bibby Financial Services said today it is unveiling 'KickStart' a specialized funding program for entrepreneurs and small business owners (more…)
FGI Finance has announced the appointment of it's new vice president of business development, responsible for developing the U.S. West…
#commercial finance#commercial lending#purchase order
Troubled lender CIT Group Inc. today announced that it has amended its pending tender offer for its $1bn of Floating…
#CIT#small businesses
Troubled lender CIT Group has announced that it will give $1 billion of that money to its trade finance unit…
#bankruptcy#Boost#CIT
United Capital Funding Corp. announced today that they continue to have strong demand for their services for the year to…
An examination of the troubles at CIT in the US, and the company's possible future after it went to shareholders…
#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