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The Finova Group has today announced that it has signed an agreement to sell its commercial services business (which provides factoring and accounts receivable management services) to GMAC Commercial Credit. Matt Breyne, president and CEO of Finova said “This decision...
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