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TSS Financial served as deal originator and consulting agent for the borrower and assisted with the syndication. The facility was documented under English law and collateral consists of (more…)
#bank#Bank of America#bonds
General Motors Corp. said late Thursday it will recognise a previously reported goodwill impairment charge of (more…)
#bankruptcy#commercial finance
Supply and Demand Chain Executive magazine's 2006 Pros to Know top industry professionals annual award recognises supply chain innovators based…
#cash-flow#Nexus#supply chain finance
General Motors efforts to sell a majority stake in its finance unit received a boost after it was revealed that…
#bank#Consortia#financial institution
US business profits are continuing to slow steadily and some industry sectors are in a weakened condition, according to economic…
Bibby Financial Services has announced the appointment of its new vice president of business development (more…)
1st Commercial Credit, LLC has announced three new factoring products aimed at the global transport industry (more…)
#1st Commercial Credit#Commercial Credit#trade
Cerberus Capital Management may secure funding for a potential bid on General Motors Corp.'s financing arm from its portfolio firm…
#bank#banks#commercial financing
JPMorgan Chase Bank, a leading global provider of trade solutions, has announced that it is the first US bank to…
#bank#exporters#guarantees
The fourth major bankruptcy to hit the US automotive industry in the past 13 months has sent additional shockwaves through…
Prior to this addition, Morgan Stanley did not have an asset-based lending business (more…)
Platinum Funding Group announced today that it provided working capital advances against US$8 million of accounts receivable (more…)
#accounts receivable finance#bank#funding
General Motors Corp.'s board met for the first time yesterday with new member Jerome York (more…)
#bank#bankruptcy#Jobs