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The fourth major bankruptcy to hit the US automotive industry in the past 13 months has sent additional shockwaves through an already troubled sector that is in chronic crisis, according to (more…)
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…
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 Company announced today the signing of a definitive agreement for Wells Fargo Bank, N.A. to acquire a privately-held…
#bank#management#security
General Motors is putting pressure on its negotiators and investment banks to reach an outline agreement to sell a majority…
ES Bankest, the Miami-based factoring company, has sued its former auditor BDO Seidman for malpractice alleging... (more…)
Competition from a new breed of small- and mid-size factors has forced the industry, once dominated by a few large…
The Kaulkin Ginsberg Index (KGI), the leading indicator of economic conditions affecting the accounts receivable management (ARM) industry, ended 2005…
#acquisition#bankruptcy#interest rates