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CIT Reports Second Fiscal Quarter Results

CIT Group Inc., a subsidiary of Tyco International Ltd. and parent of CIT Commercial Services, today announced second fiscal quarter 2002 net income of $157.3 million, compared to$160.1 million in the corresponding period of 2001. The current quarter results include...

Capital Factors’ Parent Company Reports Increased Earnings.

Union Planters, the 28th largest bank holding company in the United States, with assets in excess of US$30 billion, today…

#bank#cash management#management


KBK Capital Announce Factoring Clients Represent 80% of New...

The Fort Worth, Texas, based KBK Capital Corporation, which provides business credit to middle-market companies, has reported its operating results…

#interest#Produce#receivables


Setback for US Service Sector

US service-sector activity suffered a minor setback last month but is still close to a 15-month high. The Institute for…

#i#management#Two


CIT Files Registration Statement for Distribution of CIT Shares...

Tyco International Ltd. today announced that its financial services subsidiary, CIT Group Inc., filed a registration statement on Form 10…


Asta Funding Announces New Strategic Alliance

Asta Funding, Inc, a leading factor and consumer receivables asset management and liquidation company, today announced that it has formed…


CIT Increases Funding Capability

As part of its ongoing strategy to further strengthen its financial position and diversify its funding sources, CIT Group Inc.…

#CIT#CIT Commercial Services#Credit Suisse


Sterling Bancorp Announces Pricing of $22m Public Offering of...

Sterling Bancorp , parent company of Sterling National Bank, today announced the pricing of a $22 million public offering of…


Final Speakers for Eighth Annual Factoring Conference Selected

All speakers have been finalized for the 8th Annual Factoring Conference, 3 – 6 April 2002. This year’s conference will…


Sterling Factors Helps Vendors Get Merchandise Back on Kmart...

Sterling National Bank, the principal banking subsidiary of Sterling Bancorp, announced today that through its subsidiary, Sterling Factors Corporation, it…


Tyco Capital Renamed CIT

CIT Group Inc. announced today that it has completed two key initiatives outlined by the company on 4 February 2002,…


Tyco Capital to Draw US$8.5bn in Bank Credit

Tyco Capital, the financial services subsidiary of Tyco International Ltd, announced yesterday that it would draw from US$8.5bn in unsecured…

#bank#CIT#conference

Asta Funding First Quarter Revenues Increase 103%

First Quarter Highlights: Revenues increased 103 percent Net Income increased 31 percent to $2.3 million EPS of $0.53 per diluted…

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