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Four bank officers convicted in US$70 million bank fraud...

After a six-month trial, a Miami jury has found defendants guilty of conspiring to carry out a US$170 million factoring fraud scheme (more…)

Working capital, supply finance optimised via software deal

National City Bank (NCB) says it is better placed to meet client demand for supply chain and working capital solutions…

#bank#management#supply chain finance


Asset-based finance veteran joins Greystone Business Credit

Greystone Business Credit has announced the appointment of Executive Vice President and Senior Member of the Greystone Business Credit Committee…

#bank#banks#investment


Demica appoints Senior Vice President, Sales to head up...

Demica has consolidated its position in the United States market with the opening of an office in (more…)

#bank#invoice#management


GMAC finalises US$10 billion facility with Citigroup

GMAC announced the signing of a three-year, US$10 billion funding facility with a subsidiary of Citigroup. This US$10 billion funding…

#bank#financial services#management


Wells Fargo hires BDO for newly acquired Commerce Funding

Wells Fargo has named its vice president of business development for its newly acquired Commerce Funding Corporation (CFC) (more…)

#bank#commercial finance#financial services


FactorLoads and Carbonfund.org partner to 'move freight carbonfree'

Carbonfund.org, a leading non-profit carbon offset organisation and FactorLoads, the premier freight bill factoring service for owner operators and small…

#Bill#Penny#trade


Kaulkin Ginsberg marks 15 years serving accounts receivable management

Fifteen years ago Kaulkin Ginsberg Company initiated and advised on the sale of Eastern Credit Association to Eastern Business Services.…

#i#interest#investment


CIT reports record Q2 new business volume

CIT Group reported net income was US$236m for the second quarter 2006, compared to US$249.1m last year (US$219.4m excluding gains…


More business failures on the horizon – Euler Hermes

A slowing economy may increase the number of small-business failures next year, announced global insurer Euler Hermes (more…)


Ex-Im Bank provides 15-year financing for solar power export...

PowerLight Corporation is the first US exporter to benefit from the new 15-year repayment terms available from Ex-Im Bank to…


Supply chain finance transactions top $13bn

Orbian, the US-based supply chain finance group, has processed over $13bn in transactions (more…)

CIT Group set to strengthen position say analysts

CIT Group is expected to report earnings of $1.16 a share, up from $1.03 reported in the year-ago period, according…

#CIT#international#leasing

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