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CIT Group Inc. announced today that its Commercial Services business unit has acquired a substantial portion of the U.S. factoring assets of GE Commercial Services, a division of GE Corporate Financial Services, totalling approximately $446 million. Terms of the deal...
Century Business Credit Corporation, one of the largest bank-owned factoring companies in the world, has changed its name to Wells…
According to Chanin Yensudchai, managing director of Paolo Medic, operator of the Paolo Memorial Hospital, unlisted Paolo Medic is about…
What started as a helping hand has strangled a struggling local tech firm. Chantilly-based Stratesec abruptly shut its doors because…
#bank#cash-flow#international
With insolvencies on the rise due to the Australian Taxation Office’s (ATO’s) toughened approach on debt collection, more businesses are…
#debt collection#financial services#insolvencies
Mart Tooming, chairman of the board of Hansa Capital and member of the board of Hansabank (Other OTC:HNSBF), has presented…
Chile's Banchile Factoring Internacional, part of the Banco de Chile group, expects to hold a loan portfolio of 80bn pesos…
#bank#smes
CIT Group Inc. (CIT) announced today that its Commercial Services business unit has acquired a substantial portion of the US…
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…