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Alleged MX Factors fraud case latest; judge freezes assets...

Riverside, California firm MX Factors and its two Inland Empire investment arms -- all three accused of running a multi-million-dollar Ponzi scheme -- on Monday were placed into receivership. The receiver, tapped to take over the offices and records of...

#Corona#i#investment

GE Commercial Finance expect double-digit profit growth in 2004,...

General Electric Co.'s (GE) huge commercial finance arm, in contrast to its parent company, continues to expect another year of…

#commercial finance#conference


Guarantee provided by IPI Financial Services to GMAC Commercial...

IP Innovations Financial Services, Inc., a provider of specialised financial guarantees and credit enhancements, has successfully assisted GMAC Commercial Finance…


Poor jobs news and weak economic growth hopes balanced...

The feeble job growth in the government's February employment report surprised economists and made the markets shudder, but the prospect…

#exporters#interest rates#management


President of factoring company seeks reversal of court order...

The president of MX Factors, the Riverside-based firm accused of operating a Ponzi scheme, is seeking to overturn the court…


Ex-Im bank approves US$60 million credit for Mexican utility

The Export-Import Bank of the United States (Ex-Im Bank) approved a US$60 million credit guarantee facility to back the purchase…


Acquisition of factor extends First National's lending presence to...

First Community Bancorp today announced that it completed its previously announced acquisition of First Community Financial Corp., or FC Financial,…


New factor and asset-based financier posts profit

Greenfield Commercial Credit (Canada) Inc. is pleased to announce that after only 7 months of full operations as a specialty…


Bridge Bank expands Capital Finance Group

Daniel P. Myers, president and chief executive officer of Bridge Bank, National Association, has announced that Scott Chamberlin, a 12-year…

#bank#Bank of America#financial services


Insurance Company Enters US Credit Insurance Market

Building on 10 years of steady growth in North America, Coface Holding Company, N.A., a unit of Coface Group, today…


MarineMax expands asset-based credit facility

MarineMax, Inc., the nation's largest recreational boat retailer, has announced the expansion and extension of a $280 million credit facility.…

#bank#Bank of America#commercial finance


The Singing Machine Company in new credit agreement with...

The Singing Machine Company has announced that it has entered into a new credit agreement with Milberg Factors, Inc., New…

First Community Bancorp announces agreement to acquire Phoenix-based commercial...

First Community Bancorp today announced the signing of a definitive agreement to acquire, for US$40 million in cash, all of…

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