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Tyco Capital Reports Q4 Drop in Factoring Commissions

Tyco Capital Corporation (formerly the CIT Group, of which CIT Commercial Services, the USA’s largest factoring company in by factored volume and market share in 2000, was a part) has released figures detailing the company’s Q4 2001 performance.  at 31...

KBK Capital Corporation Exceeds Goals for Factoring in 2001

KBK Capital Corporation, which provides financing for middle-market businesses, today reported its operating results for the quarter and year ended…


Strong Share Purchase Recommendation for Asta Funding Issued by...

The following statement, recommending the purchase of shares in Asta Funding, was today issued by Monness, Crespi, Hardt & Co…


US Economy Emerging From Recession?

The Institute for Supply Management (formerly the National Association of Purchasing Management) has announced that its index of factory activity…

#economy#management#recession


Congress Passes Bill Stipulating that Court Approval is now...

On 20 December 2001 both houses of Congress passed HR 2884, the federal tax relief package for victims of the…


Sequoia National Bank Sues Sub-Prime Lenders Over Allegations of...

Sequoia National Bank has announced that it has filed a lawsuit against Peter Behr, Jr., Richard Hatfield, Daniel Holland, Robert…


SunTrust Receivables Capital Management Opens Office

SunTrust Banks, Inc. today announced that its Receivables Capital Management unit, formerly known as SunTrust Bank Factoring, has opened a…


Asta Funding Posts Record Revenue and Net Income Gains...

Asta Funding, Inc., the New Jersey based consumer receivables asset management company (which specializes in the purchase, liquidation and management…

#economy#funding#management


80% of Americans Retain pre-September 11th Attitude to Debt

A nationwide survey sponsored by CollectionIndustry.com shows that 80 percent of Americans stand ready to pay their debts in the…

#recession#WHO


Asset Based Lending of Healthcare

It can be a fair bet that financial models adopted in the USA eventually make their way to the rest…

#commercial finance#conference#invoice


Braving the Storm

The Commercial Finance Association’s 57th Annual Convention and Exposition, San Francisco, October 24th-26th. The USA is, in many ways, the…


Exhibitors Bank on CFA Convention

A high turnout marks business support for the Commercial Finance Association The 57th Annual CFA Convention has continued to enjoy…

#bank#commercial finance#Deutsche Bank

CEO of GMAC Commercial Credit Dismissed

Mr. Joe Grimaldi, the chief executive officer of the USA’s second largest factoring company, GMAC Commercial Credit, has been dismissed…

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