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CIT Group Inc. (CIT) announced today that its Commercial Services business unit has acquired a substantial portion of the US factoring assets of GE Commercial Services, a division of GE Corporate Financial Services, totalling approximately $446 million. "Factoring has always...
Mexican leasing association AMAF will ask congress in the next legislative session to change the legal status of its members…
HSBC has launched a new service specifically designed to assist businesses with financing against their outstanding invoices for both their…
#financial services#international#international factoring
Euler-Hermes, one of the world's biggest credit insurers, saw its first-half net profit more than double Tuesday (2 September), but…
#Allianz#management#Two
Chile's factoring industry posted profits of 5.21bn pesos (US$7.45m) in the first half this year, up 27% compared to the…
#banks#factoring industry#smes
Bombardier Inc. could see up to $150-million shaved off the $1.23-billion price being paid for its recreational products division. The…
Resona Holdings Inc. decided on Tuesday (26 August) to reduce the number of its subsidiaries and affiliates to one-fourth the…
#bank#conference#international
Chile's Banco del Desarrollo saw first half net profits drop 5.85% year on year to 3.4bn pesos (US$4.9m), mainly due…
UniCredit Factoring, the factoring division of Italian bank UniCredit, closed the first half of 2003 with net profits of Ђ3.5m…
#bank#Unicredit#Unicredit Factoring
Bluffdale residents Gerald Trevor Jones and DeAnn T. Jones have been charged in the 3rd District Court with multiple securities-related…
#interest#Paid#WHO
Mexico's warehousing association AMAGDE and credit union association ConUnion are lobbying regulators to allow them to provide a broader range…
At a time when the GST continues to create a cash-flow crisis for small business, lending experts warn that debt…
#cash-flow#GST#security
Siam General Factoring reported a net profit of 28.9million baht for quarter two 2003, compared with 12.7million baht for the…