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Figures reveal that smaller IT firms are waiting twice as long to be paid compared with previous years SME resellers are facing financial meltdown in 2007 as outstanding payment days for (more…)
#debt collection#financial services#insolvencies
BB&T Corporation names senior loan administrator J. Tol Broome Jr. president of its commercial finance unit. BB&T created the unit in 2005 by combining its…
#bank#BB&T#commercial finance
UC Factors announced its expansion into Texas. The company also announced Iris Welch has joined UC Factors as business development…
#Business Development Manager#compliance#funding
The European structured finance group at GMAC CF has provided a £45 million three year senior secured credit facility to…
#commercial finance#funding#Letters of Credit
HSBC Group has entered into an agreement to acquire one of Taiwan s leading factoring companies, Chailease Credit Services. Taiwan…
#bank#international#receivables
The Supervisory Board of Dresdner Factoring AG has passed a resolution to restructure the company's Management Board. It has appointed…
#leasing#management#receivables
Registrations are coming in fast for the 7th annual BCR Receivables Finance International (Europe) factoring conference and exhibition (RFIx). This…
#conference#international#receivables
Platinum Funding Group financing of Kobe showcases how an early-stage company without a history of performance or revenue can use…
#funding#receivables#working capital
Portfolio quality showed mixed results: Receivables over 90 days matched its low for the year, while average losses increased slightly over…
#bank#CIT#commercial finance
A $170-million malpractice suit against BDO Seidman kicked off in a Miami court last week. The lawsuit, brought by Portuguese…
#bank#bankruptcy#financial services
Turnover of NLB Factoring, a company focused on receivables financing, rose according to the preliminary results by 22% to (more…)
#receivables#receivables financing
The new financial arrangements provided by RBS Invoice Finance will support Eddie Stobarts' continued growth plans and assists the company's…
#bank#funding#invoice
HSBC Holdings unit Hongkong and Shanghai Banking Corp said it has agreed to buy Chailease Credit Services Co Ltd, Taiwan's…
#acquisition#bank#receivables