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Bank of America

BofA sells credit insurance arm

Bank of America Corp. said on Thursday it is selling its Balboa Insurance Co. business to QBE Insurance Group. (more…)

#bank#Bank of America#China Construction Bank

BofA Business Capital provides $65m asset-based loan

Bank of America Business Capital announced it provided a $65m asset-based loan to Midland Paper Company (more…)

#bank#Bank of America#liquidity


RBS Business Capital Names Managing Director/Region Manager

RBS Business Capital announced the appointment of Ira J. Kreft to managing director and region manager. (more…)

#bank#Bank of America#financial services


CPAC, Inc. obtains new asset-based financing from HSBC

CPAC, Inc. has announced that it has entered into a new financing agreement with HSBC Business Credit (USA) Inc. to…

#bank#Bank of America#international


Banco Internacional sees profits up 10% in 2006

Chilean bank Banco Internacional aims to boost 2006 profits 10% from 2.01bn pesos (US$3.87m) posted last year. Banco Internacional is…

#bank#Bank of America#banks


TSS Financial closes US$165 million syndicated asset-based financing deal

TSS Financial served as deal originator and consulting agent for the borrower and assisted with the syndication. The facility was…

#bank#Bank of America#bonds


Factoring volume to grow 25% in 2006 as more...

Chile's factoring industry will see business volume grow 25% this year due in part to new players entering the market…

#bank#Bank of America#banks


Wachovia still trying for GMAC stake

Wachovia Corp. continues to mull buying a stake in GMAC, General Motors Corp.'s financing arm (more…)

#bank#Bank of America#bankruptcy


Chase Business Credit adds three to ABL origination team

Chase Business Credit recently announced three additions to its asset-based loan origination team (more…)

#bank#Bank of America#financial services


Restructuring professionals give thumbs down to Bankruptcy Code revisions

Just three months before enactment of the revised Bankruptcy Code, many corporate renewal professionals are still (more…)

#bank#Bank of America#liquidity


Bank of America to merge commercial and investment divisions

Bank of America (BoA) says it will combine its commercial and investment banking divisions in an effort to sell more…

#bank#Bank of America#cash management


US federal judge rules Parmalat factoring of invoices ‘deceptive...

The complaint alleges the dairy company created a false revenue stream by essentially booking certain accounts receivables twice (more…)

#bank#Bank of America#Credit Suisse

Wachovia wins state appeals case on regulation

The 31-page decision by the US Court of Appeals for the Second Circuit is a victory for Wachovia Corp., which…

#bank#Bank of America#regulation

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