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Factoring fraudster faces 35 years in jail

The former head of the federal Superfund environmental cleanup program was found guilty on Monday of concocting a scheme to defraud a client who had hired her consulting company for an environmental cleanup project. Rita Marie Lavelle, who served as...

Bridge Bank awarded SBA Preferred Lender status in California

Bridge Bank, National Association, Santa Clara County's newest business bank, today announced that the Bank has achieved California Statewide Preferred…


Fed raises interest rate

The US Federal Reserve boosted a key short-term interest rate by one-quarter percentage point last night, the third increase this…

#banks#economy#interest


US Commerce Dept to help exporters access Chinese markets

The US Commerce Department yesterday unveiled new tools in Beijing to help US companies expand exports to China's growing market,…


Ex-Im Bank helps finance US exports to Peru

The Export-Import Bank of the United States (Ex-Im Bank) has approved a US$15.9 million credit guarantee facility to support the…

#bank#emerging markets#exports


Equifax announces $125 million trade receivables financing facility

Equifax Inc. has announced the closing of a trade receivables-backed revolving credit facility. Under the terms of the transaction a…

#bank#LIBOR#receivables financing


ES Bankest files malpractice suit against law firm over...

ES Bankest LC has filed a malpractice suit against the Florida law firm Gunster, Yoakley & Stewart P.A. and one…


The US EX-IM Bank and Japanese counterpart sign co-financing...

The Export-Import Bank of the United States (Ex-Im Bank) and its Japanese counterpart, Nippon, Export and Investment Insurance (NEXI), today…

#Atradius#bank#international


Former Vice President to advise debt buyers

A major American buyer of healthcare debt has appointed former US Vice President Dan Quayle as a senior advisor. The…


First and largest international microfinance bond issued

International microfinance, which provides small loans to micro-entrepreneurs to help them rise out of poverty, just got a huge boost.…

#bank#bonds#international


World’s largest factor names new boss

CIT Group, the global leader in working capital finance with $50bn in assets under management, has appointed Rick Wolfert as…

First Business Financial Services, Inc. announces plans for future...

First Business Financial Services, Inc. has announced plans to file as a public company with the Securities and Exchange Commission…

#bank#commercial finance#financial services

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