First Guardian Financial Corporation, a small business finance specialist in the US, says it intends to grow aggressively through acquisitions within the finance sector, including the purchase of factoring, lease finance, and debt recovery compa
The Federal Reserve raised its key interest rate a quarter point to the highest level in five years. The funds rate, the interest that banks charge each other on short-term loans, stood at a 46-year low of
The Commercial Services Division of GMAC Commercial Finance announced the closing of a US$2m one-year factoring facility to California-based apparel manufacturer
Smaller businesses in the US are being disproportionately affected by the cost of compliance with the 2002 Sarbanes-Oxley Act, a key congressional study found yesterday. But the findings stopped short of
Peachtree Settlement Funding, a leader in the specialty factoring industry, has relocated its Boca Raton, Florida offices. Management believes the move will help facilitate the anticipated future growth in
Standard & Poor's Ratings Services affirmed its ratings on CIT Group and CIT's related entities, including its 'A/A-1' counter-party credit rating on CIT. The outlook has been revised to positive from stable.
The US economy continues to show “surprising resilience” as manufacturing and service sectors indicate further economic expansion, according to economic analysis released by the National Association of Credit Manageme
