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The financial services group Finantra yesterday announced that it would discontinue a number of its operations including factoring, medical billing, leasing and commercial finance lending. The news came with the company’s third quarter report which showed a loss of $11.31...
General Electric, the US based conglomerate, recorded third quarter 2000 earnings of $3.18 billion, a record for the quarter and…
#financial services#investment
A new federal bill, The Structured Settlement Act (HR 5421), was introduced on 6 October 2000. This legislation is intended…
#insurance#securitisation#trade
The USA based SunTrust banking group which includes a factoring operation has reported net income of $326.8m in the third…
#SunTrust
In the July-September 2000 quarter Bank of America, the second largest US financial services company, whose interests include factoring, recorded…
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