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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
Shares in troubled lender CIT Group Inc. dropped more than 20% by the close of trading Monday amid fears the…
#alternative financing#bankruptcy#CIT
Troubled lender CIT Group has announced that it will give $1 billion of that money to its trade finance unit…
#bankruptcy#Boost#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 Funding Corp today announced that it has successfully shielded 100% of its clients from credit losses due to…
#bankruptcy#credit risk#Mark Mandula
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 parts suppliers considering raising money through New Orleans' Receivables Exchange. (more…)
#bankruptcy#liquidity#receivables
Lithuanian bank, Ukio Bankas, are considering the re-purchase of the leasing arm in Azerbaijan. (more…)
#bank#bankruptcy#banks
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 businessmen are being encouraged to launch new enterprises as banks increase their offering to the flagging SME sector. (more…)
#bank#bankruptcy#management
Twenty percent of SMEs in risk of going under a shortfall in funding presents serious difficulties for the economy. (more…)
#bankruptcy#funding#interest rate
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…)
Atradius and Experian have published worrying reports about the state of the Danish economy (more…)
#Atradius#bankruptcy#international