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GE Commercial Finance unit acquires leasing business

General Electric, the US conglomerate, yesterday agreed to acquire a large part of the equipment leasing business of IKON Office Solutions, the US copier and printer distributor, for about $1.5bn. The acquisition by GE's vendor financial services group, which has...

#acquisition#commercial finance#commercial lending

Maine Group to buy small Hyannis bank

The Banknorth Group of Maine announced plans on Tuesday to buy CCBT Financial Companies for $300 million in stock. Barring…

#bank#commercial lending#conference


Fed decision on interest rates

Low inflation and spare resources in the economy mean that policy can continue to support growth "for a considerable period",…

#bank#economic recovery#inflation


Bail granted to bank fraud executives

A judge granted bail to two brothers accused of defrauding a Portuguese bank branch out of $170 million that was…

#bank#Paid#risks


Verdict in trial of Commercial Financial Services co-founder

A federal jury found former Commercial Financial Services (CFS) co-founder Bill Bartmann not guilty of charges tied to a company…

#Bill#financial services#Two


Nine charged in factoring company’s fraud on Portuguese bank

Nine men were indicted on charges of stealing $170 million from a Portuguese bank branch in Florida through what prosecutors…

#bank#Clear#interest


First Business Financial Services elects new member to Board

First Business Financial Services, Inc. announced today that Jan Eddy has been elected to its Board of Directors. She is…


Jacksonville export growth checked by misunderstandings; a lesson for...

Jacksonville works hard at developing export markets for US products that can be shipped through its port. But misunderstandings and…


US Bank offers SBA loan programme that invests in...

US Bank, in conjunction with the US Small Business Administration (SBA), is rolling out a new loan programme geared for…


Economy surged in Q3

The US economy surged in the third quarter, growing even faster than originally thought, according to government data released on…

#conference#GDP#interest rates


Small business index up; 'very strong' Q4 likely

The National Federation of Independent Business' (NFIB) monthly index of small business economic indicators jumped 2.1 points in October to…

#GDP#small business#small businesses


Federal Reserve sees steady growth ahead

Federal Reserve (Fed) officials said on Friday that healthy US economic growth looks likely to continue, but low inflation means…

#bank#economy#i

Capital Factors claims US$30 million fraud by client

Capital Factors of Boca Raton claims it lost US$30 million because of fraudulent transactions arranged by a New York City…

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