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Citigroup Inc. has agreed to sell a unit that lends to the trucking industry to General Electric Co. for about US$4.4bn in cash. The business provides financing, leasing, and asset-based lending. It has about 600 employees, two-thirds of whom are...
#leasing#Two
Sterling National Bank, the principal banking subsidiary of financial holding company Sterling Bancorp, today announced a plan to open a…
Integrated Security Systems, Inc. (ISSI), has announced an agreement with Briar Capital, L.P. to provide an asset based lending facility…
Siemens Financial Services, Inc. (SFS), the US financial services arm of Siemens AG, today announced the further expansion of its…
#business finance#commercial finance#financial services
Small Business Administration loans fell significantly in October after loan fees went up to start the month, but opinions differ…
#i#interest rate#risk
Aegon NV said it sold Transamerica Finance Corp's (TFC) maritime container leasing activities to TAL International Group Inc for US$1.2bn.…
#international#leasing
Powered both by local growth and regional expansion, the area's top community banks ramped up their small business lending by…
The US Small Business Administration (SBA) approved 18 per cent more loans in New Jersey in fiscal year 2004 than…
American International Group, Inc. (AIG) today announced the formation and launch of AIG Commercial Equipment Finance, Inc. (AIG CEF), a…
#AIG#financial services#international
CIT Small Business was awarded Top Volume Lender status by the U.S. Small Business Administration (SBA) among lenders of SBA…
#CIT#economy#leadership
First M&F Corp. has reported that net income for the quarter ended September 30, 2004 was US$2.781 million, or US$.62…
A new trade finance initiative has been created to provide California-based small- and medium-sized companies (SMEs), their buyers, suppliers, and…
#bank#exporters#guarantees
Systems Evolution Inc.(SEVI), an information technology services company, announced today that it has closed a $1.5 million factoring facility with…