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CIT Group Inc., has announced that it entered into a $3 billion loan facility provided by a group of the Company's major bondholders (more…)
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…
Factoring provider Crestmark Bank has announced the appointment of it's new group president to lead Crestmark's east coast region and establish a…
The Commercial Finance Association (CFA) today released its Quarterly Asset-Based Lending Index, Q1 2009, revealing that 64 percent of asset-based…