USA

Sterling National bank opens regional office In New Jersey

Sterling National Bank, the principal banking subsidiary of financial holding company Sterling Bancorp, today announced the opening of its New Jersey Regional Office at Park 80 West, Plaza One in Saddle Brook, N.J.

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Siemens Financial Services, Inc. announces new CEO and top management positions

Siemens Financial Services, Inc. (SFS), the US commercial finance and leasing arm of Siemens AG, today announced the appointment of Roland Chalons-Browne as president and chief executive officer.

CIT provides US$125m factoring and revolving credit line as jewellery retailer exits Chapter 11

CIT will provide a committed factoring line of up to

Texas factor signs up Gulf Coast manufacturer

Accounts Receivable Funding Corporation has entered into a factoring agreement with

Trade-credit insurance expected to soar

Trade-credit insurance has been used in the US since the last of the tall-masted ships were hauling cargo between Europe and the New World in the early 1860s. But its use here

Business Alliance Capital provides US$4m accounts receivable and inventory facility

Business Alliance Capital Company, an asset-based lender and factor headquartered in

Maryland asset-based financier to take on REIT status

Commercial finance company and CFA member CapitalSource Inc. will elect REIT status with the aim of

Wells Fargo Business Credit provides working capital financing for reorganisation

With acquisition and working capital financing provided by Wells Fargo Business Credit

Fed raises interest rates

The Federal Reserve's decision to keep raising interest rates in the face of a devastating hurricane means

Chase Business Credit adds three to ABL origination team

Chase Business Credit recently announced three additions to its asset-based loan origination team