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Ex-manager of factoring company to pay over one million...

Former manager of S derblom Factoring Service to pay one million EURO in damages to the employer (more…)

#interest#trade#Trust

SME credit declines in the face of growing NPLs

State Bank of Pakistan reports a four per cent decrease in the volume of outstanding credit for Small and Medium…

#bank#interest#interest rates


CIT to restate its previously filed 2010 Quarterly Financial...

Net Income for the nine months ended September 30, 2010 increases by approximately $25 million. (more…)

#CIT#interest#management


Correlation between interest rate hikes and SME profits revealed

Every percentage interest hike reduces SME profits 14%. (more…)

#interest#interest rate#interest rates


Ordinary shareholder demand removal of Davenham’s directors

A general meeting of the Company for the purpose of considering resolutions for the appointment of ... (more…)

#interest#Letters of Credit


CIT sells 50% share in Canadian joint venture to...

CIT Group a leading provider of financing to small businesses and middle market companies, today announced that it sold its…

#CIBC#CIT#corporate finance


Accord releases financial results 2009

Accord Financial Corporation today announced its financial results for the year ended December 2009, reporting a 10 per cent increase…

#Accord Financial#Accord Financial Corporation#interest


Polish factoring turnover falls during Q3 2009

Polfactor are one of only three Polish factors to report a year-on-year growth for the third quarter this year, with…

#banks#factoring industry#interest


CIT revise debt exchange

In a regulatory filing released today, CIT Group have warned they may still have to file for bankruptcy, the Associated…

#bankruptcy#bonds#CIT


CIT chairman announces resignation

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

#bankruptcy#CIT#interest


Law firm reports resurgence of asset-based 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


Factorline issue bullet bond

Chilean factoring company, Factorline, issues bullet bond for local market. (more…)

#bonds#crisis#interest

FTI proposes a state SME Fund

The Federation of Thai Industries (FTI) will discuss setting up a state fund to provide financial assistance to SMEs (more…)

#bank#economy#interest

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