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CIT unable to file quarterly report by deadline

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

CIT Group shares hit by bankruptcy concerns

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 provides $66m factoring facility

Platinum Funding Group has signed an agreement to provide a $66 million accounts receivable factoring facility to a leading provider…

#banks#funding#liquidity


Bibby launch ‘KickStart’ funding

Bibby Financial Services said today it is unveiling 'KickStart' a specialized funding program for entrepreneurs and small business owners (more…)


FGI Finance appoints vice president

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


CIT announces amendment of tender offer

Troubled lender CIT Group Inc. today announced that it has amended its pending tender offer for its $1bn of Floating…

#CIT#small businesses


$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…

#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

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