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bankruptcy

CIT chairman announces resignation

Jeffrey Peek, CEO and Chairman of troubled lender CIT, has announced he will be resigning at the end of the year (more…)

#bankruptcy#CIT#interest

CIT Group shares hit by bankruptcy concerns

Shares in troubled lender CIT Group Inc. dropped more than 20% by the close of trading Monday amid fears the…

#alternative financing#bankruptcy#CIT


$1bn boost for CIT trade finance unit

Troubled lender CIT Group has announced that it will give $1 billion of that money to its trade finance unit…

#bankruptcy#Boost#CIT


Lifeline for CIT

CIT Group Inc. are believed to have reached an agreement securing a $3billion funding package in last-minute rescue financing (more…)

#bank#bankruptcy#CIT


United Capital achieves 100% bankruptcy protection

United Capital Funding Corp today announced that it has successfully shielded 100% of its clients from credit losses due to…

#bankruptcy#credit risk#Mark Mandula


Stopping debt going bad

David DiPiero CEO and Director of FGI Finance in the United States talks to Factorscan about dealing with the threat…

#bankruptcy#debt collection#risk


Auto part suppliers considering receivables finance

Auto parts suppliers considering raising money through New Orleans' Receivables Exchange. (more…)

#bankruptcy#liquidity#receivables


Lithuanian bank considering re-purchase of Azeri business

Lithuanian bank, Ukio Bankas, are considering the re-purchase of the leasing arm in Azerbaijan. (more…)

#bank#bankruptcy#banks


7,000 SMEs go bust amid global crisis

According to the recent report of Vietnam Chamber of Commerce, 7,000 small and medium enterprises (SMEs) have dissolved, while other…

#bankruptcy#crisis#inflation


Failed entrepreneurs encouraged to try again

Failed businessmen are being encouraged to launch new enterprises as banks increase their offering to the flagging SME sector. (more…)

#bank#bankruptcy#management


Sixty percent of SMEs facing capital investment shortages

Twenty percent of SMEs in risk of going under a shortfall in funding presents serious difficulties for the economy. (more…)

#bankruptcy#funding#interest rate


Parex Leasing and Factoring freezes operations

The crisis at Latvia's Parex Bank is evidently having a knock-on effect, with its Azeri subsidiary PLF temporarily closed to new business. (more…)

#bank#bankruptcy#banks

Credit analysts say a fifth of firms are close...

Atradius and Experian have published worrying reports about the state of the Danish economy (more…)

#Atradius#bankruptcy#international

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