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The Federal Reserve raised its key interest rate a quarter point to the highest level in five years. The funds rate, the interest that banks charge each other on short-term loans, stood at a 46-year low of (more…)
#bank#banks#inflation
The Commercial Services Division of GMAC Commercial Finance announced the closing of a US$2m one-year factoring facility to California-based apparel…
#commercial finance#leasing#poland
Citizens Bank has announced that it has formed Citizens Bank Business Finance, an asset-based lending unit. The unit operates from…
Smaller businesses in the US are being disproportionately affected by the cost of compliance with the 2002 Sarbanes-Oxley Act, a…
#compliance#investment#SEC
Peachtree Settlement Funding, a leader in the specialty factoring industry, has relocated its Boca Raton, Florida offices. Management believes the…
#factoring industry#funding#management
Standard & Poor's Ratings Services affirmed its ratings on CIT Group and CIT's related entities, including its 'A/A-1' counter-party credit…
#bank#CIT#interest rates
The US economy continues to show “surprising resilience” as manufacturing and service sectors indicate further economic expansion, according to economic…
#Commercial Credit#interest rates#management
Small business exporters located in Hawaii will be better equipped to expand their international sales and minimize financial risks thanks…
#bank#exporters#guarantees
It will take time for cheaper funding, driven by better credit ratings, to boost the profits of General Motors Acceptance…
#conference#funding#interest rates
Bibby Financial Services has announced the appointment of a new vice president of business development at its Midwest location (more…)
#financial services#funding#Vice president
GE Capital Solutions, Commercial Distribution Finance (CDF) developed Trade Flow Finance in response to furniture industry demand for financial tools…
#interest#trade#Vice president
Platinum Funding Group announced today that the company is extending its business focus by aggressively developing its relationship with the…
#Bridge#Clear#funding
CIT s Commercial Finance division´s Trade Finance segment reported the following results: Net income increased from the prior year by…