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Financial veterans launch new asset-based lending venture

A new asset-based lending firm has been founded by long-term Dallas lenders James E. Casper, Michael D. Haddad and Jim S. Johnson. The new venture, Marquette Business Credit, Inc. (MBCI), is a de novo company of Marquette Financial Companies, a...

Factoring executive gets four-year sentence for fraud

An executive of National Century Financial Enterprises Inc. will spend four years in jail for her role in the alleged…


Executive indicted after four-year factoring fraud investigation

A million-dollar executive has been indicted with five others by federal grand jurors in connection with businesses that collapsed amid…


Former FleetBoston leasing executive leaves Bank of America

Another top former FleetBoston Financial executive has left Bank of America Corp. to be replaced by a long-time BofA staffer,…

#bank#Bank of America#banks


GMAC Commercial Finance provides US$10m revolving credit facility to...

GMAC Commercial Finance’s (GMAC CF’s) Retail Finance Group announced the closing of a US$10 million fully-secured revolving credit facility to…

#banks#commercial finance#financial services


Banco Espirito Santo sues over US$170 million factoring fraud

Banco Espirito Santo International Ltd (BES) sued accounting firm BDO Seidman on Tuesday, alleging it "rubber-stamped ... obviously false financial…

#bank#factoring fraud#international


EquiFin reports first quarter 2004 results

EquiFin, Inc. has reported revenues for the first quarter ended March 31, 2004 increased by 57.6% to US$643,000, compared to…

#acquisition#business finance#interest


Small business optimism rising – 12% say cash flow...

Many of the nation’s small-business owners apparently aren’t letting interest rate concerns and geopolitical uncertainty get them down. Their optimism…


Boeing Capital proves its worth – FT comment

Compared with the glamour and engineering dexterity on display in a tour round one of Boeing's aircraft factories in Seattle,…

#banks#commercial finance#financial services


Miami factoring scam – four plead guilty

Four men pleaded guilty to defrauding a Portuguese bank branch of US$170m through a sophisticated conspiracy that lasted nearly a…

#bank#Bill#Paid


GE on verge of $2bn deal for rival’s commercial...

GE is close to buying the commercial finance portfolio of Boeing Capital Corporation for about $2bn. The disposal of the…


Merrill Lynch vows to grow SME loan provision

Merrill Lynch, the largest US securities firm in terms of number of stockbrokers, is hiring salespeople to make loans to…

#commercial finance#conference#economy

Small business optimism gains in April

US small businesses grew more optimistic last month as the future of the economy appeared brighter and earnings improved amid…

#economy#small business#small businesses

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