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Capital Factors hires Executive Vice President

Charged with expanding the company's market presence and spearheading growth in the Northeast region, his responsibilities include sales, marketing, and managing the client portfolio department (more…)

#i#Vice president

Wells Fargo completes factoring company acquisition

Wells Fargo Company and Commerce Funding Corporation (CFC) announced today they have completed Wells Fargo Bank, N.A.'s acquisition of a…

#bank#commercial finance#financial services


Factoring fraudster fined US$850,000

Investors who poured US$2.5 million into U.S. Funding were told their money would go toward buying other companies' accounts receivable…


Atradius Collections receives industry accreditation

Atradius Collections, a domestic and international business-to-business collection agency that is part of Atradius Group, announced it has received certification…


Current economic strength boosts Credit Manager's Index

The National Association of Credit Management (NACM) released its March Credit Manager's Index (CMI), which posted strong economic indicators for…

#guarantees#interest rates#management


Factoring: an easy way for a small company to...

According to data from the Commercial Finance Association (CFA), an asset-based financial services industry group, factoring is catching on again…

#bank#BB&T#commercial finance


JPMC to acquire Bank of New York's small, mid-market...

JPMorgan Chase has announced an agreement to acquire The Bank of New York Company's consumer, small business and middle-market banking…

#bank#cash management#JPMorgan


Greystone Commercial Services LP introduces new name and management...

Greystone Metro Financial LP has announced that it has changed its name to Greystone Commercial Services LP to reflect its…


Factoring key player rapidly expanding nationwide

A leading factoring company headquartered in New York City, has announced that, in a rapid expansion scheme, it opened five offices…

#funding#leadership#management


Bankruptcy filings drag down accounts receivable management industry

The Kaulkin Ginsberg Index (KGI), the leading indicator of economic conditions affecting the accounts receivable management (ARM) industry, fell in…


Sterling Bancorp completes acquisition of leading credit and accounts...

Sterling Bancorp  today announced that it has completed its acquisition of the business and assets of a leading provider of…

#bank#financial services#management


GMAC goes to hedge fund control for $14bn

General Motors (GM) has sold its 51 per cent controlling interest in GMAC, the finance provider, to a consortium of…

#bank#international#liquidity

GM nearing deal on GMAC – WSJ

General Motors is reportedly nearing completion of a deal to sell a 51% stake of financing arm GMAC to a…

#acquisition#bank#banks

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