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CIT Group have once again made alterations to the debt exchange offered to bondholders; the second change since the restructure plan was announced (more…)
#bankruptcy#CIT#interest rate
According to a report by CreditSights Inc., CIT s plans for restructure have very little hope of succeeding. The report,…
#bonds#CIT#liquidity
Factorscan are pleased to announce the appointment of journalist Charlotte Rumsey, who joins the Factorscan team to focus on broadening the news section of the leading…
#factoring industry#international#international factoring
A five percent growth in receivables finance during the June quarter suggests that sales levels in Australia are recovering, reports…
#economy#receivables#recession
Platinum Funding Group has signed an agreement to provide a $66 million accounts receivable factoring facility to a leading provider…
#banks#funding#liquidity
The fiscal stimulus seems to have had little effect on the plight of SMEs accroding to a Federation of Indian…
#exporters#funding#interest rates
The father of a convicted factoring fraudster has been cleared of a charge of conspiracy to defraud (more…)
#factoring fraud#invoice#management
The factoring turnover of the seven largest factoring companies operating in the Czech market continued to drop in the second quarter…
#crisis#Two#Unicredit
UK factoring company Regency Factors has recorded a significant increase in turnover and profit (more…)
#asset based finance#funding#funding gap
Promsvyazbank (PSB) has received the Factoring Company of the Year award at the annual Russia s Financial Elite 2009 award…
#bank#banks#leadership
68 per cent of businesses funded by the Industrial Development Corporation (IDC) in the 2008/09 financial year were SMEs, up…
#funding#smes#trade
Quarterly analysis of the Australian debtor finance market from the Institute for Factors and Discounters (IFD) shows the provision of…
#bank#cash-flow#smes
A survey of Russian factors showed that a majority had seen a fall in business volume during the first quarter…
#banks#risk#trade