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GMAC builds its Commercial Services division

GMAC Commercial Finance announced the addition of three new executives to its Greensboro, N.C.-based Commercial Services Division (more…)

Restructuring professionals give thumbs down to Bankruptcy Code revisions

Just three months before enactment of the revised Bankruptcy Code, many corporate renewal professionals are still (more…)

#bank#Bank of America#liquidity


Bank of America to merge commercial and investment divisions

Bank of America (BoA) says it will combine its commercial and investment banking divisions in an effort to sell more…

#bank#Bank of America#cash management


Capstone Business Credit signs US$3.6 million factoring and purchase...

Capstone Business Credit announced the signing of a two-year project financing agreement with an importer, exporter and distributor of fine…


Small business lobby groups want new SEC chairman to...

Two small-business leadership groups are rallying the nation's 5,000 publicly-traded microcap companies to lobby for reform of SEC Rule 504…

#leadership#SEC#small business


Orbian Corp. names new board members

Orbian Corp., a leading supply- chain finance company offering receivables finance, announced that (more…)

#Deloitte#financial services#receivables


FirstMerit Bank in full production with Surecomp’s front-to-back trade...

The Bank originally licensed NetIMEX, Surecomp s Internet-based trade services solution (more…)

#bank#financial services#international


M&A activity remains strong in the accounts receivable management...

The first half of 2005 showed brisk M A activity in the accounts receivable management (ARM) industry, with (more…)


Wells Fargo sees double-digit profit growth in Q2

The company saw strong double-digit, year-on-year profit growth in middle market/large corporate banking, asset-based lending (more…)


CIT to acquire healthcare sector cash flow finance group

CIT Group announced that it has reached a definitive agreement to acquire a full service healthcare financing company that specialises in…

#acquisition#cash-flow#CIT


Capital Resource commits to receivables financing services to security...

Capital Resource Funding (CRF) will provide purchase order and receivables financing to fund (more…)


IFA emerges as independent factoring association

The International Factoring Association (IFA) is now independent of California-based (more…)

#commercial finance#international#international factoring

Ex-Im Bank chairman, president steps down

Appointed by President Bush in 2002, his term as chairman ran concurrently with the presidential term that ended in January…

#bank#emerging markets#exporters

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