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CIT Group has filed for bankruptcy, it was announced today. (more…)
#bankruptcy#CIT#commercial finance
CIT Group, parent bank of CIT commercial finance, have deemed billionaire investor Carl Icahn s letter to bondholders inaccurate (more…)
#bank#cash-flow#CIT
Charterhouse Commercial Finance have withdrawn from factoring and sold their client book to Leumi ABL (more…)
#asset-based lender#bank#commercial finance
Law firm Browne Jacobson have reported a resurgence of interest in asset-based lending, including invoice discounting and factoring, in recent…
#asset based finance#commercial finance#funding
Lloyds banking group has today launched a bad debt insurance product, specifically aimed at small and medium-sized enterprises still struggling…
#bad debts#bank#commercial finance
KBC Commercial Finance will be leaving international factoring associations Factors Chain International and International Factors Group in the near future,…
#commercial finance#international#international factoring
Ultimate Finance have released their annual figures for the year ending June 2009, reporting a £406,000 profit before tax and…
#bank#Bank of England#commercial finance
The Independent reported on Sunday that GMAC Commercial Finance are to withdraw from the UK market. According to the Independent article, the…
#bank#commercial finance#credit risk
Availability of invoice finance is up by more than 20 percent since last year, a survey by the National Association…
#cash-flow#commercial finance#funding
In response to increasing demand for business credit and the sharp decline in the supply of bank loans, Universal Funding…
#bank#commercial finance#international
The UK's leading independent business funder, Cattles Invoice Finance, has agreed conditional terms to be acquired from Cattles plc by…
#Aldermore#bank#commercial finance
FGI Finance has announced the appointment of it's new vice president of business development, responsible for developing the U.S. West…
#commercial finance#commercial lending#purchase order
Commercial finance company, SME Invoice Finance Limited has today concluded the acquisition of the Challenge Finance business (more…)
#acquisition#commercial finance#i