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Marquette Financial acquires factoring business from KBK Capital Corporation

A newly created subsidiary of Marquette Financial Companies will acquire the purchased receivables division known as KBK Financial, Inc. from KBK Capital Corporation. The deal is expected to close in approximately 30 days. Terms were not disclosed. "The acquisition of...

Small business index falls in September

The National Federation of Independent Business (NFIB) Index of Small Business Optimism fell 2.8 points last month to 101.9 -…


Experian and Austin-Tetra form strategic partnership

Experian®, the global business solutions company, has formed a strategic partnership with Austin-Tetra, a leading supplier of intelligence for the…

#Commercial Credit#management


Central and Eastern Europe an open door for business...

Capping a decade-long drive to build market-based economies on Communism's jagged ruins, eight former Iron Curtain countries, along with Malta…

#exports#international#International Trade


CIT Group posts 10% earnings jump

Livingston-based commercial and consumer-finance company CIT Group Inc. posted a 10 per cent jump in third-quarter earnings, citing gains in…


Wells Fargo reports record third quarter net income

Wells Fargo & Company reported that third quarter net income was a record US$1.6 billion in 2003, up 8 per…

#bank#financial services#trade


Sterling Bancorp announces record results for third quarter of...

Sterling Bancorp (Sterling), a financial holding company and the parent company of Sterling National Bank, has reported record results for…

#bank#interest rate#leasing


US Ex-Im Bank committed to expand Trade Finance for...

Export-Import Bank of the United States (Ex-Im Bank) president and chairman Philip Merrill provided a positive assessment of Eastern Europe's…

#bank#exports#guarantees


Small Business Administration programme to lure more minorities

The Small Business Administration (SBA) has entered into agreements with a pair of minority business groups to try to increase…


Bill promotes small business loan securitisation

Senator Olympia Snowe introduced legislation that authorizes the Small Business Administration (SBA) to establish a three-year pilot programme that will…


Small Business Administration disaster loans available to some farm-related...

Federal disaster loans are available to small, non-farm, agriculture-dependent businesses in seven Minnesota counties hit by drought this summer, the…

#interest#interest rate#small business


Questions are being asked about MX Factors of California

A Riverside, California, based financing firm that has raised more than $21 million in investments has operated without a state…

#international#international factoring#International Factoring Association

Medallion granted Bank Charter approval

Medallion Financial Corp, a speciality commercial finance company with a leading position servicing the taxicab industry and small business commercial…

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