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Transfac Capital, LLC provided a US$1.2 million factoring facility to a food distribution company in Georgia. (more…)
CIT Group Inc. (NYSE: CIT) today reported a net loss of $130.7 million, or $0.69 per share, for the fourth…
#bank#commercial finance#financial services
Citigroup has revealed that it experienced a net loss of nearly $10 billion (£5 billion) in the last quarter amid…
Ciena Capital LLC have just announced that Business Loan Express (BLX) has changed its name to Ciena Capital. (more…)
Tom Pizzo, chairman of Wells Fargo Century, part of Wells Fargo Company , said yesterday he plans to retire from the…
Burdale Capital Finance, Inc. announced the opening of its New York City office. (more…)
#bank
On the heels of their Q4 acquisition of TPG Commercial Finance, Crestmark Bank announces their second recent acquisition. (more…)
#acquisition#bank#commercial finance
Bibby Financial Services has announced the appointment of Stewart Chesters as Chief Executive Officer for the North American division. (more…)
#financial services#funding#international
Platinum Funding Group announced a recent decision by Judge Shira A. Scheindlin of the Southern District of New York in…
#funding#investments#Letters of Credit
CIT today announced the appointment of Peter Gaw, 48, as President of CIT Energy. (more…)
#ABN AMRO#bank#CIBC
The board of directors of the Export-Import Bank of the United States (Ex-Im Bank) has adopted guidelines for Transaction Due…
#bank#exporters#exports
The dramatic change in the unemployment rate became the final factor to indicate that the economy is entering a recession.…
#economic recovery#interest rates#recession
GE Capital Solutions, Commercial Distribution Finance, recently approved a multi-million dollar credit line for Computer Word Processing Systems, Inc. (more…)
#order financing#purchase order#working capital