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CIT Commercial Services, the leading US factoring company, has entered into an agreement with RetailExchange.com, the online business-to-business exchange for surplus consumer products. RetailExchange.com provides a market place for a range of consumer goods manufacturers, retailers and other related companies....
An announcement of the sale of the US division of Bank of America Commercial Finance is expected next week. It…
#bank#Bank of America#BCR Publishing
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…
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