New head for Wachovia’s asset-based syndicate

Wachovia has announced that Barry Bobrow has joined the loan syndications group as managing director and head of the asset-based syndicate. Bobrow will report to Eric Lloyd, managing director, head of loan syndications.

Ex Reagan aide accused of $52,000 factoring fraud

A former top US Environmental Protection Agency (EPA) official was indicted yesterday on federal charges alleging she schemed to fraudulently get money from a client who hired her Oceanside company.

Factor’s parent reports 2003 financial results

Raybor Management, Inc., a rapidly growing holding company, which includes factoring company Freedom Financial, announced financial results for the year ended 31 December 2003 in its Form 10-KSB filed with the Securities and Exchange Commission (S

First Business profits increase 273%

First Business Financial Services Inc., specialist in commercial banking, asset-based lending, commercial finance and leasing, reported net income of US$4.1 million for the year ending 31 December 2003, a 273 per cent increase compared to US$1.1