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In the July-September 2000 quarter Bank of America, the second largest US financial services company, whose interests include factoring, recorded its non-performing loans at $4.4 bn, an increase of 45% over the $3 bn of July-September 1999. The bank reports...
The leading online marketplace for the global seafood industry, Worldcatch has today launched a factoring service offering sellers of seafood…
The CIT Group Inc (which offers a range of financial services including factoring, structured financing, equipment, commercial and consumer financing…
KBK Capital Corporation of Fort Worth, Texas (which provides commercial loans, mezzanine loans and factoring to middle-market businesses) has reported…
#banks#CIT#economy
The banking and financial services company Sterling Bancorp has today announced its results for the third quarter of 2000. Net…
CIT Commercial Services has announced a strategic alliance with FTADirect, a leading online business-to-business marketplace for the textiles and finished…
#CIT#CIT Commercial Services#credit protection
GMAC has joined the eCredit.com Global Financing Network as a financing partner. The Global Financing Network connects businesses to global…
Lawrence Rosenzweig of the Barridon Corporation has pleaded guilty today in a federal court to the charge of “wire fraud”,…
Finatra Captial Inc has announced plans to buy Premium Asset Recovery Inc. a factoring company specialising in the collection of…
#acquisition#WHO
Heller Financial Inc. has today appointed Mark Ohringer to General Counsel effective immediately. Ohringer joined Heller’s legal department in 1993…
Lawrence Rosenzweig of the Barridon Corporation has been charged today by a federal court of engaging in a scheme to…
#account receivables#receivables
The e-commerce and internet solutions provider AllnetServices.com Corp has today announced that it has renewed its factoring agreement with Global…
The USA’s largest provider of factoring, CIT Commercial Services, has further strengthened its position in the apparel e-commerce area today…