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The CIT Group today announced a record net income of $151.4 million for the second quarter of 2000. This represents an increase of 57.2% from the same quarter of 1999 and puts this year’s six monthly income at $295.3 million.
#CIT
The USA’s largest provider of factoring services, CIT Commercial Services, have today announced an alliance with TradeOut, a global internet…
#cash-flow#CIT#CIT Commercial Services
Go to www.capital.com and you will find an on-line business finance marketplace in which premier financing sources compete to provide…
#business finance#Commercial Credit#funding
The Heritage Bank of Commerce have today announced that Sherry Crowley has been made Vice President and Business Development Officer…
The US’s largest provider of factoring services, CIT Commercial Services, has announced that it will form a strategic alliance with…
#CIT#CIT Commercial Services#e-commerce
The Finova Group has today announced that it has signed an agreement to sell its commercial services business (which provides…
The Federal Reserve’s latest survey on regional economic conditions indicates that the rate of growth in the US has slowed…
US venture capital financing has slowed slightly in the second quarter, but still remains at record levels of about US$1bn…
A new rule is proposed by the US Securities and Exchange Commission to stop companies giving favoured analysts and investors…
There have been unprecedented numbers of mergers and acquisitions in the US factoring industry in the last 12 months, with…
#bank#BCR Publishing#CIT
Consolidation among companies that provide finance for small businesses is making it harder for companies to get cash, reports the…
Finova Group Inc. retained Credit Suisse First Boston to review strategic alternatives, including a possible sale, due to short-term financial…
MetroCorp Bancshares Inc. announced that Advantage Finance Corporation, the factoring subsidiary of MetroBank N.A., has reportedly been the victim of…
#3M#bank#interest rates