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First Community Bancorp today announced the signing of a definitive agreement to acquire, for US$40 million in cash, all of the outstanding common stock and options of First Community Financial Corp (FC Financial), a privately-held commercial finance company based in...
A survey by the US Federal Reserve (The Fed) reveals that a net 22% of US banks saw increased loan…
#banks#receivables#small business
Factoring slumped 20% to a volume of US$115bn in the US in 2002 compared to the previous twelve months, according…
President Bush's fiscal year 2005 budget request for the Export-Import Bank of the United States (Ex-Im Bank), which the Administration…
Federal Reserve policy makers unexpectedly dropped a commitment to hold interest rates low “for a considerable period” while voting to…
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