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The US distress ratio accelerated by five percentage points to 16.9% in February, from 11.1% in January, according to new research from Standard Poor's. (more…)
#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
The US economy slowed to a near grinding halt in the fourth quarter of 2007. (more…)
#economy#exports#GDP
Kaulkin Media has launched a monthly newsletter for creditors in the healthcare industry and their strategic partners in the Accounts…
Transfac Capital, LLC has announced its US$8m accounts receivable facility for a tank transportation company in Texas. (more…)
#bank#insurance#liquidity
Liquid Capital has completed US$1.1m in two transactions to an installer of wireless telecommunications equipment and a provider of oilfield…
Truckload carriers are increasingly turning to factoring companies to help ease cash flow difficulties. (more…)
#bankruptcy#cash-flow#insurance
Experian, a global information services company, has filed suit against LifeLock, Inc. (more…)
#credit reports#WHO
A new report from Aite Group, LLC examines the major trends currently shaping the US cash management industry. (more…)
Global Matrechs, Inc. announced it has established a separate subsidiary focused on providing specialized finance to SMEs in the retail…
#3M#cash-flow#investment
Sterling Capital Funding, provided accounts receivable financing to a wholesale manufacturer of plastic storage containers with annual revenues of US$25m.…
#bank#funding#Sterling National Bank