More business failures on the horizon - Euler Hermes A slowing economy may increase the number of small-business failures next year, announced global insurer Euler Hermes
Ex-Im Bank provides 15-year financing for solar power export project to Korea PowerLight Corporation is the first US exporter to benefit from the new 15-year repayment terms available from Ex-Im Bank to support
Supply chain finance transactions top $13bn Orbian, the US-based supply chain finance group, has processed over $13bn in transactions
CIT Group set to strengthen position say analysts CIT Group is expected to report earnings of $1.16 a share, up from $1.03 reported in the year-ago period, according to analysts.
HC in confidential working capital deal Hennessey Capital (HC), a US-based working capital provider, has provided a confidential funding package to an IT consultant
Factor turns to revolving credit line for funding US factor Platinum Funding Group has received funding from JP Morgan and N M Rothschild Sons for an undisclosed amount
Factoring facility for IT provider Primary Funding Corporation, the receivables finance house, is providing a new factoring facility to a national IT service provider
Textron snaps up Electrolux inventory finance unit The distribution finance group of Textron Financial Corporation has acquired Electrolux's inventory finance business
BoA provides US$65m letter of credit to pet supplier PetSmart Inc, the supplier of pet-related products in the US and Canada, has entered into a $65m letter of credit facility
Fed continues tightening campaign As widely expected, the Federal Reserve raised a key interest rate for the 17th consecutive time, hiking its target for the federal funds rate by 25 basis points.
