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CIT Group, the global leader in working capital finance with $50bn in assets under management, has appointed Rick Wolfert as the new vice chairman, commercial finance. The factoring, vendor finance, and equipment finance provider says it has created the new...
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
In the first three quarters of fiscal year 2004, ending 30 June 2004, the Export-Import Bank of the United States…
#bank#exporters#exports
The Export-Import Bank of the United States (Ex-Im Bank) has introduced a new type of insurance policy that covers financing…
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 has approved a new US$45 million factoring facility for leading private label and private brand casual apparel…
#capital requirements#commercial finance#management
CIT Group Inc. reported net income of $176.6 million for the second quarter, an increase from $136.9 million. Diluted earnings…
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
Sterling Bancorp, the US finance house and parent company of Sterling National Bank, has reported a 14.7 per cent increase…
Atradius has announced the expansion of its worldwide collection activities through the acquisition in the US of Chicago-based International Collections…
Bridge Bank, a market leader among independent banks in sales of the US Small Business Administration (SBA) loans in Northern…
#bank#cash management#management
GE Commercial Distribution Finance (GECDF), the supplier finance unit of GE Capital, has agreed to expand the distribution finance facility…
The Singing Machine Company, a maker of consumer-oriented karaoke machines in the US, has said it will look to selling…
#capital requirements#management#receivables