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Federal Reserve policy makers unexpectedly dropped a commitment to hold interest rates low “for a considerable period” while voting to keep the benchmark US interest rate at 1 per cent. Treasury prices fell. The Federal Open Market Committee (FOMC) said...
The Export-Import Bank of the United States (Ex-Im Bank) has approved a US$244 million long-term guarantee to support the export…
President and chief executive officer of Fleet Capital Corporation, James G. Connolly, has been tapped to lead the combined asset-based…
Last year, Key Bank and Trust changed its name to K Bank, after a lengthy lawsuit over the Key name…
#bank#Trust
CIT Group posted a higher fourth-quarter profit, citing growth in its financing and leasing portfolio and a smaller proportion of…
#CIT#leasing
Factoring company, Boston Financial Corp., yesterday unveiled a new unit, Boston Financial Solutions LLC. The new venture will focus on…
#management
US Bank Business Credit is the agent of a $20 million senior secured credit facility to Tai Foong USA, an…
#bank#cash management#management
“When, in the space of a year, the revenue growth of Ken Taylor Plumbing, a 40-year-old, one-man plumbing service in…
Since hitting its lowest point in November 2000, the euro has shot up by more than 50 per cent against…
#exports#interest rates#international
Fitch Ratings has upgraded and removed from Rating Watch Positive Transamerica Finance Corp.'s (TFC) senior debt to 'AA-' from 'A'…
In September, Community Redevelopment Agency (CRA) executive director Doug Hutchinson signed an invoice promising US$9,000 to factoring company A/R Funding…
#funding#invoice#Paid
The Export-Import Bank of the United States (Ex-Im Bank) can provide three different types of financing to support Iraqi reconstruction…
The Small Business Administration (SBA) has announced that it has suspended its main US$9.4 billion loan programme because it has…
#bank#management#small business