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General Motors efforts to sell a majority stake in its finance unit received a boost after it was revealed that a consortium including Kohlberg Kravis Roberts (more…)
#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
General Motors Corp.'s board may review a bid for a majority of its finance unit today (more…)
Research presented by Glass Lewis Co. and cited by the Wall Street Journal indicates that the number of public companies…
GM had been putting pressure on its negotiators and investment banks, led by Morgan Stanley, to try to get the…