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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 a strong display of exhibitor confidence, despite worries about the performance of the US economy. The three-day convention ran from...

#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…


Asta Funding Projects 40% Earnings Growth for 2001

Asta Funding Inc, a leading consumer receivables asset management and liquidation company which also factors commercial receivables, today announced that…

#asset management#funding#management


Factoring Expected to Lead KBK Back to Profitability After...

KBK Capital Corporation, which provides financial services to middle-market businesses, today reported its operating results for the third quarter and…


Asta Funding, Inc.'s Board Authorizes Stock Repurchase Program

Asta Funding, Inc, the New Jersey-based financial services company, announced today that its board of directors has authorized the repurchase…


Man Sentenced for Selling Accounts Receivable of Fictitious Company

O’Rane Cornish, former controller of 6C/Dahcor Industries Inc, a Tennessee corporation, was sentenced for swindling two companies out of nearly…

#MAN#Two#WHO


CIT Group Accused of Running a Factors’ Monopoly

Donald Wiener, who runs the dress chain Dresses For Less, is suing CIT Group and other accomplices, accusing them of…

#3M#banks#CIT


Berkshire Hathaway Drops Finova Offer

Warren Buffet’s Berkshire Hathaway Inc dropped its offer for $500m in notes from Finova Group Inc. Berkshire could end the…


CIT Renamed Tyco Capital

Tyco International Ltd. announced that its financial services group, CIT, which includes CIT Commercial Services, the largest factoring company in…


North American Factors “Drowning in a Sea of Credit...

An informed source in Canada was speaking to a colleague in an undisclosed Canadian factoring company owned by a major…

#bank#BCR Publishing#business finance


Banks Limit Lending to High-Tech Firms

The latest Federal Reserve report of loans made by banks reveals they are not nearly as keen as they once…


Asta Reports 49% Increase in Net Income

Asta Funding, the financial services company which specialises in factoring and the purchase, liquidation and management of performing and non-performing…

#financial services#funding#management

KBK Capital Corporation Plans to Boost its Factoring Portfolio...

KBK Capital Corporation, which provides financial services to middle-market businesses, today reported its operating results for the second quarter and…

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