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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 credit and accounts receivable management services to the staffing industry (more…)

#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


CIT appoints Nemia EVP/Chief Sales Officer, Corporate Finance

CIT Group has announced the appointment of executive vice president and chief sales officer of CIT Corporate Finance (more…)


Bibby appoints VP Business Development

Bibby Financial Services has announced the appointment of its new vice president of business development to be based in (more…)

#financial services#funding#smes


GMAC renews warning on possible inability to sell GMAC...

General Motors Acceptance Corp. said it may be unable to sell a majority stake of its operations, in a regulatory…


US small businesses grow by selling to Mexico using...

Small firms in places as diverse as Kansas City, Mo. and Novato and Riverside, Calif., are breaking into the Mexican…

#bank#conference#exporters


GM close to a decision on GMAC – WSJ

A decision on the future of GMAC could come within days, Wall Street Journal reports. According to the paper, which cited…


Sovereign Asset Based Lending finances BiFlex Intimates Group acquisition

Sovereign Bank announced that the bank's Asset Based Lending group provided a US$20m asset-based revolving credit facility to a private…


Investor group completes acquisition of majority stake in GMAC...

An investor group has completed the acquisition of a majority interest in GMAC Commercial Holding Corp. (GMACCH) from General Motors…


CIT announces appointment of small business lending chief, retirement...

CIT Group Inc., a leading provider of commercial and consumer finance solutions, today announced the retirement of John Canning as…

#CIT#i#leadership


Ratings agencies mixed on GMAC

Credit ratings agencies remained mixed in their assessments of GMAC after General Motors' announcement last week (more…)

#bonds#interest#liquidity

Sterling Bancorp to acquire leading staffing industry accounts receivable...

Sterling Bancorp has announced that it has signed an agreement to acquire the business and assets of a leading provider…

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