USA

A new asset-based lending firm has been founded by long-term Dallas lenders James E. Casper, Michael D. Haddad and Jim S. Johnson. The new venture, Marquette Business Credit, Inc.

An executive of National Century Financial Enterprises Inc. will spend four years in jail for her role in the alleged fraud scheme that brought the company down, and more executives may be right behind her.

A million-dollar executive has been indicted with five others by federal grand jurors in connection with businesses that collapsed amid a web of investment fraud.

Another top former FleetBoston Financial executive has left Bank of America Corp. to be replaced by a long-time BofA staffer, raising new alarms about the diminishing clout of former Fleet managers at the Charlotte, N.C.-based bank.

GMAC Commercial Finance’s (GMAC CF’s) Retail Finance Group announced the closing of a US$10 million fully-secured revolving credit facility to fund the ongoing working capital needs of J.L. Hammett Co.

Banco Espirito Santo International Ltd (BES) sued accounting firm BDO Seidman on Tuesday, alleging it "rubber-stamped ...

EquiFin, Inc. has reported revenues for the first quarter ended March 31, 2004 increased by 57.6% to US$643,000, compared to US$408,000 for the same period a year ago.

Many of the nation’s small-business owners apparently aren’t letting interest rate concerns and geopolitical uncertainty get them down.

Compared with the glamour and engineering dexterity on display in a tour round one of Boeing's aircraft factories in Seattle, it is easy to see why Boeing Capital, its finance arm, located nearby in an anonymous blue-mirrored building, tends to ge

Four men pleaded guilty to defrauding a Portuguese bank branch of US$170m through a sophisticated conspiracy that lasted nearly a decade, according to federal prosecutors.