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Moody's warns of GMAC sale problems

General Motors' attempt to sell a US$10bn-US$15bn stake in its finance arm might be in difficulty , Moody's, a credit rating agency, warned yesterday (more…)

GM may review GMAC sale, cut dividend: analysts

General Motors Corp. may cut its dividend for the first time in more than 13 years, and will likely review…


Citigroup chief sheds light on GMAC bid

Charles Prince, chief executive of Citigroup, yesterday shed some light on the bank's involvement in the auction for General Motors…


Texas oil drill bit manufacturer taps into a US$1m...

The company can now be fluid in capital as it prepares to double sales in the next 90 days (more…)

#1st Commercial Credit#cash-flow#Commercial Credit


Financial institutions eye GMAC

Both the Wall Street Journal and Bloomberg are reporting that that a group may bid between US$11 billion and US$15…


Pressure rising on GMAC amid mounting GM losses

In the wake of General Motor’s (GM’s) dismal financial release, analysts have eagerly re-initiated their frenzy of speculation over the…

#bankruptcy#financial services#J.P. Morgan


Experian launches collections solution to track & locate unpaid...

In an effort to help financial services organisations collect on large volumes of uncollected debt, Experian®, a global information solutions…

#financial services#receivables


Bibby Financial Services appoints five new members of sales...

Following the launch of Bibby Financial Services' new business unit in December, the company has appointed five new members of…

#financial services#funding#management


GE Commercial Finance segment profit up 20% in 2005

GE announced record full-year 2005 earnings from continuing operations  up 12% from 2004 (more…)


Factoring scam victims must look for warning signs

He met someone who said he was doing well investing in a so-called factoring plan. "It sounded like a great…

#bank#i#investment


Second consecutive record-breaking year in the accounts receivable management...

M&A activity in the accounts receivable management (ARM) industry reached a new all-time high in 2005, with over (more…)


BofA selects Basel II solution

Bank of America has extended its relationship with (more…)

Wells Fargo profits up 8 per cent, ABL business...

Wells Fargo Co., the fifth largest bank in the US, said yesterday that its net income grew by 8 per…

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