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CIT Commercial Services, the USA’s largest provider of factoring, has today announced an agreement with Commfin, an internet portal that provides online trade finance solutions for business to business exchange participants. These participants will receive access to accounts receivable discounting,...
#CIT#CIT Commercial Services#platforms
BCR Publishing has today received confirmation that GMAC’s acquisition of the Bank of America’s factoring business was effective as of…
#bank#Bank of America#Commercial Credit
An executive with a Little Rock, Arkansas factoring company, Southwest Financial Inc. pleaded guilty to conspiracy and eight counts of…
#bank#banks#Two
The global services company EDS and the credit-solution enabler, Primestreet announced on Friday 12 January 2001 a comprehensive agreement to…
Further to our report of 1 December 2000, it is understood that the announcement of GMAC’s intention to purchase Bank…
#bank#Bank of America#BCR Publishing
CIT Commercial Services, the leading US factoring company, has entered into an agreement with RetailExchange.com, the online business-to-business exchange for…
An announcement of the sale of the US division of Bank of America Commercial Finance is expected next week. It…
The New Jersey based consumer receivables and management company Asta Funding Inc. has today reported results for its fiscal year…
The financial services group Finantra yesterday announced that it would discontinue a number of its operations including factoring, medical billing,…
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…