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CIT Group Inc. today reported net income of US$189.3 million for the quarter ended March 31, 2004. The results for the quarter include a pre-tax gain of US$41.8 million (US$25.5 million after-tax) related to the redemption of US$512 million in...
#CIT#commercial finance#i
The state-controlled Development Bank of the Philippines (DBP) will launch a new marketplace this month for receivables of small- and…
#bank#banks#IBM
Coface, a Natexis Banques Populaires subsidiary, today announced the acquisition of 100% ownership of the ORT SAS Company and its…
#acquisition#management#receivables
Surecomp, a leading provider of trade finance solutions for the wholesale banking industry has been awarded the 2004 SWIFTReady Gold…
#conference#international#receivables
Carbo plc, the Manchester-based industrial abrasives manufacturer and distributor, announced today that it has successfully concluded an agreement with GMAC…
#commercial finance#funding#invoice
A survey by the US Federal Reserve (The Fed) reveals that a net 22% of US banks saw increased loan…
#banks#receivables#small business
United Finance Company SAOG (UFC), one of the fastest growing non-banking financial institutions in Oman and the Middle East, has…
#bank#financial institutions#leasing
VUB Bank – a member of Gruppo Banca Intesa – through its subsidiary VUB Factoring, has been providing its clients…
#bank#cash-flow#debt collection
Euler Hermes, the credit insurance unit of Assurances Generales de France (AGF), said it has acquired full ownership of Finland's…
#insurance#receivables#risks
Lesco Inc. (Nasdaq: LSCO) has completed the restructuring of its debt. Lesco said the restructuring includes the sale, for US$58…
#bank#bank loan#conference
Mexican transport conglomerate Grupo TMM has closed a further US$25 million of certificates under a receivables securitisation programme, worth a…
#bank#commercial finance#receivables
Whitehall Jewellers Inc. said on Thursday that it had fired chief financial officer Jon Browne as a result of an…
#factoring fraud#receivables#SEC
Mizuho Corporate Bank, a unit of Mizuho Financial Group Inc., has formed an alliance with the Bank of China in…
#bank#Bank of China#receivables