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GM board may review bid for finance arm

General Motors Corp.'s board may review a bid for a majority of its finance unit today (more…)

Sarbanes-Oxley leads to surge in corporate restatements

Research presented by Glass Lewis Co. and cited by the Wall Street Journal indicates that the number of public companies…


Talks on GMAC set to continue

GM had been putting pressure on its negotiators and investment banks, led by Morgan Stanley, to try to get the…


NACM – Manufacturing sector shows modest growth in February...

The National Association of Credit Management's February Credit Manager Index (CMI) showed a strong snap back from January's weakness, led…

#Commercial Credit#economy#GDP


Wells Fargo announces acquisition agreement for factor

Wells Fargo Company announced today the signing of a definitive agreement for Wells Fargo Bank, N.A. to acquire a privately-held…

#bank#management#security


GM seeking quick deal for finance unit

General Motors is putting pressure on its negotiators and investment banks to reach an outline agreement to sell a majority…


Bankrupt factor sues auditor for failing to detect fraud

ES Bankest, the Miami-based factoring company, has sued its former auditor BDO Seidman for malpractice alleging... (more…)


Changing the face of factoring

Competition from a new breed of small- and mid-size factors has forced the industry, once dominated by a few large…


Accounts Receivable Management Index down 1.2% in 2005

The Kaulkin Ginsberg Index (KGI), the leading indicator of economic conditions affecting the accounts receivable management (ARM) industry, ended 2005…

#acquisition#bankruptcy#interest rates


GMAC Commercial Finance names Southeast region managment promotions

GMAC Commercial Finance (GMAC CF) has announced the immediate promotion of three executives to new roles within the company's US Commercial Services…


1st Commercial Credit launches product to expedite export trade...

1st Commercial Credit has introduced a new financial product that will expedite import and export trade finance (more…)

#financial services#international#purchase order


Bibby Financial Services names two new vice presidents

The Bibby Group has in recent years embarked on a challenging growth strategy driven by a unique business model of…

#financial services#funding#smes

IMEX® achieves SWIFTReady Gold status for 8th consecutive year

Surecomp, a leading provider of global trade solutions for the financial services community, today announced that its flagship trade finance…

#banks#financial services#global trade

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