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financial services

Asta Funding Reports Acquisitions of Finance Receivables

The financial services company, Asta Funding Incorporated today reported that Asta Commercial, LLC, a wholly owned subsidiary of the company, had acquired the finance receivables and customers of two factoring companies. These two acquisitions have doubled the finance receivable portfolio...

#financial services#funding#i

Venture Finance PLC Becomes First UK Factor to Provide...

The financial services company, Venture Finance PLC, has become the first company in the UK to offer its factoring and…

#BCR Publishing#factoring industry#financial services


Factoring Helps Sterling Bancorp Achieve Record Results

The financial services provider, Sterling Bancorp, today announced record earnings both for the year and the quarter ended 31 December…

#financial services#trade


GMAC Confirms Bank of America Purchase

BCR Publishing has today received confirmation that GMAC’s acquisition of the Bank of America’s factoring business was effective as of…

#bank#Bank of America#Commercial Credit


Bibby Group Launches Bibby Asset Finance Ltd

The Bibby Financial Services Group has launched a new division to work alongside Bibby Group of Factors, which is currently…

#bank#financial services#interest rates


Fortis to Retain Dual Headquarters

The Belgian/ Dutch financial services group Fortis yesterday announced that it is planning to retain its dual headquarters in Brussels…

#financial services


GE Reports Record Third Quarter Results

General Electric, the US based conglomerate, recorded third quarter 2000 earnings of $3.18 billion, a record for the quarter and…

#financial services#investment


Fortis to Acquire Netherlands Based ASR

Fortis, the Belgian/Dutch financial services company, has made a €4.1 billion ($3.6 billion) bid for the Netherlands based insurance company…

#acquisition#financial services#insurance


KBK Capital Corporation Records Sharp Growth in Net Income

KBK Capital Corporation of Fort Worth, Texas (which provides commercial loans, mezzanine loans and factoring to middle-market businesses) has reported…

#banks#CIT#economy


CIT to Provide Factoring to EcomTextile Clients

CIT Commercial Services, the largest provider of factoring services in the US, today announced a strategic alliance with EcomTextile, Inc.of…

#CIT#credit protection#e-commerce

Finova’s Long and Short Term Debt Ratings Downgraded

The troubled international financial services company Finova Group which last week announced that they would be selling their factoring business…

#Commercial Credit#financial services#international

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