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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 directors of Senex have appointed Quayle, who was the 44th Vice President of the United States, under President George H.W....

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


Ex-Im Bank authorises US$600 million to support exports to...

In the first three quarters of fiscal year 2004, ending 30 June 2004, the Export-Import Bank of the United States…

#bank#exporters#exports


Ex-Im Bank launches new foreign dealer insurance product

The Export-Import Bank of the United States (Ex-Im Bank) has introduced a new type of insurance policy that covers financing…


Alabama bank exits export lending business

According to sources familiar with the situation, Compass Bank is getting out of export lending. The bank's structured trade finance…

#bank#interest rates#international


GMAC Commercial Finance approves US$45m factoring facility

GMAC Commercial Finance has approved a new US$45 million factoring facility for leading private label and private brand casual apparel…

#capital requirements#commercial finance#management


CIT reports 38.7% increase in first half net income

CIT Group Inc. reported net income of $176.6 million for the second quarter, an increase from $136.9 million. Diluted earnings…


Man pleads guilty in Espirito Santo factoring fraud

The former president of a computing company pleaded guilty yesterday to his role in a US$170 million scheme to defraud…

#bank#factoring fraud#MAN


Factoring drives US bank’s income rise

Sterling Bancorp, the US finance house and parent company of Sterling National Bank, has reported a 14.7 per cent increase…

Atradius acquire US debt collection agency

Atradius has announced the expansion of its worldwide collection activities through the acquisition in the US of Chicago-based International Collections…

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