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The Federal Open Market Committee decided today to lower its target for the federal funds rate 75 basis points to 2.25%. (more…)
Sterling Factors Corporation approved a US$2.5m advance factoring facility to an import manufacturer and private label designer of men's leather…
#bank#Sterling National Bank#working capital
The Receivables Exchange, America's first online marketplace for real-time trading of accounts receivable, announced that it will join the International…
#commercial finance#conference#international
The U.S. economy will shrink in the second quarter, but avoid a recession this year. (more…)
#Clear#Jobs#recession
First Capital announced it provided a US$500,000 accounts receivable funding facility with an estimated annual factoring volume of US$1.5m to…
#financial services#funding#security
The dramatic step-up in the Federal Reserve's liquidity support operations reflects growing concern about the deterioration in financial markets since…
Interface recognizes that the small business of today is a job-creator and will become the mid-sized business of tomorrow providing…
General Electric Co. has announced the appointment of its new vice president and tax director of GE Commercial Finance. (more…)
#commercial finance#international#Vice president
GE Commercial Finance Corporate Lending today announced it provided a US$197m asset-based credit facility to Steve Barry's, a national apparel…
#capital requirements#commercial finance#working capital
The US distress ratio accelerated by five percentage points to 16.9% in February, from 11.1% in January, according to new…
#Two
UCBH Holdings, Inc., the holding company of United Commercial Bank (UCB ), has reappointed Jonathan H. Downing as Executive vice…
#bank#leadership#trade
The Receivables Exchange, has announced that it has launched the first No Fee Referral program for the receivables financing industry. (more…)
#alternative financing#receivables#receivables financing
David Villongco of San Mateo, Calif., was sentenced to 33 months in prison in connection with a US$20m scheme to…
#bank#banks#exporters