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Transamerica sets up wholesale financing joint venture with Brunswick

Transamerica Distribution Finance, a global provider of inventory finance, accounts receivable finance, and asset-based lending services and Brunswick Corporation (NYSE: BC), a manufacturer and marketer of leading consumer brands in the marine engines and boat sector, have announced the formation...

#accounts receivable finance#financial institutions#Inventory finance

Wells Fargo appoints new factoring vp for Alaska and...

Twenty-year banking veteran Kathleen Tye was recently named vice president and business development officer for factoring services for Wells Fargo…

#Vice president#WHO


Fed Stuns Markets With 50-point Rate Cut

The US Federal Reserve showed its determination to head off renewed threats of economic weakness by cutting interest rates aggressively…

#bank#Bank of England#banks


UPS Exploits Delivery System to Make Loans Against Inventory...

Just over a year after buying a bank, United Parcel Service Capital Corp. is carving a niche for itself by…


Accord Financial Corporation Announces Quarterly Dividend

Accord Financial Corporation, a leading North American provider of asset-based financial services to businesses, including lending, factoring, credit investigation and…


Oldest South-Western Factoring Company De-lists from American Stock Exchange...

KBK Capital Corporation, which provides business credit to middle-market companies, announced that, as of the close of business on September…

#bank#commercial finance#management


Quantum Corporate Funding, Ltd. Seeks Factoring Portfolios

Quantum Corporate Funding, Ltd., a nationwide firm specialising in alternative funding for small to medium-sized companies, is aggressively seeking factoring…

#alternative funding#bank#funding


Peregrine Shares Plunge as they Admit Balance-Sheet Information on...

San Diego’s troubled Peregrine Systems issued bad news after the market closed last Thursday. Before the news was announced, stock…

#management#Paid#receivables


Bridge Bank Launches Factoring Service

Daniel P. Myers, President and Chief Executive Officer of Bridge Bank, National Association, today announced the official launch of the…

#bank#commercial finance#financial institution


CIT Board Approves Corporate Governance Initiatives

CIT Group Inc yesterday announced that, at its meeting on August 14, 2002, its Board of Directors instituted a number…

#CIT#leasing#SEC


Asta Funding Records Revenue and EPS Increases for the...

Asta Funding Inc, a leading consumer receivables asset management, liquidation and factoring company, yesterday reported both revenue and net income…


Asta Funding to Announce Third Quarter 2002 Results

Asta Funding, Inc., a leading consumer receivables asset management, liquidation and factoring company, today announced that it will release its…

CIT Group Announces Quarterly Results

CIT Group Inc. reported its results on Tuesday for the quarter ended June 30, 2002. Net loss for the quarter…

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