USA

MarineMax, Inc., the nation's largest recreational boat retailer, has announced the expansion and extension of a $280 million credit facility.

The Singing Machine Company has announced that it has entered into a new credit agreement with Milberg Factors, Inc., New York.

First Community Bancorp today announced the signing of a definitive agreement to acquire, for US$40 million in cash, all of the outstanding common stock and options of First Community Financial Corp (FC Financial), a privately-held commercial fina

A survey by the US Federal Reserve (The Fed) reveals that a net 22% of US banks saw increased loan demand from small business over the last three months.

Factoring slumped 20% to a volume of US$115bn in the US in 2002 compared to the previous twelve months, according to Factors Chain International (FCI), a global network of factoring companies.

President Bush's fiscal year 2005 budget request for the Export-Import Bank of the United States (Ex-Im Bank), which the Administration released as part of its annual budget submission yesterday, would fully fund Ex-Im Bank's programmes, supportin

Federal Reserve policy makers unexpectedly dropped a commitment to hold interest rates low “for a considerable period” while voting to keep the benchmark US interest rate at 1 per cent. Treasury prices fell.

The Export-Import Bank of the United States (Ex-Im Bank) has approved a US$244 million long-term guarantee to support the export by The Boeing Co. of B747-400 aircraft to Thai Airways International Public Company, Ltd. (Thai Airways).

President and chief executive officer of Fleet Capital Corporation, James G. Connolly, has been tapped to lead the combined asset-based lending businesses resulting from the merger of FleetBoston Financial with Bank of America Corporation.

Last year, Key Bank and Trust changed its name to K Bank, after a lengthy lawsuit over the Key name by Cleveland-based banking giant KeyCorp.