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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 the sales team throughout the US (more…)

#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…


US export trade financier expands receivable financing to Mexico

US manufacturers specialising in exports to the Mexican market are anticipating spikes in equipment orders that may result in negative…


GMAC taking US$450m goodwill charge

 In an 8-K filing, General Motors stated that the impairment charge stems from GMAC's 1999 acquisition of (more…)

#acquisition#bank#commercial finance


Man gets jail sentence for factoring fraud on South...

A California man has been sentenced to prison for defrauding a South Dakota bank.  He entered an agreement in which…


Finacity Corporation increases and extends trade receivables securitisation programme...

Finacity Corporation announced that it successfully upsized and extended a significant trade receivables securitisation (more…)


Renewable energy exports get EXIM payment boost

The Export-Import Bank (EXIM) of the US has begun offering financing with longer repayment terms on US exports related to…


CTI Capital Management names ABL Group head

An Orlando-area institutional investment management firm, has announced the appointment of (more…)

#bank#commercial finance#investment

Dallas-based trade finance law specialist opens Addison Office

The attorneys joining the firm bring substantial legal expertise in banking, lending, factoring, bankruptcy, litigation, franchising (more…)

#bankruptcy#insurance#trade

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