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factoring

CIT Commercial Services acquires US factoring assets from GE...

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...

Bank-owned factoring subsidiary integrates with parent

Century Business Credit Corporation, one of the largest bank-owned factoring companies in the world, has changed its name to Wells…


Paolo Medic bid for stake in Siam General Factoring

According to Chanin Yensudchai, managing director of Paolo Medic, operator of the Paolo Memorial Hospital, unlisted Paolo Medic is about…


Firm folds under factoring agreement when ES Bankest forced...

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


SMEs turn to factoring as ATO cracks down and...

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


Factoring and leasing company chairman resigns

Mart Tooming, chairman of the board of Hansa Capital and member of the board of Hansabank (Other OTC:HNSBF), has presented…


Banchile Factoring forecasts 165% jump in loans

Chile's Banchile Factoring Internacional, part of the Banco de Chile group, expects to hold a loan portfolio of 80bn pesos…

#bank#smes


CIT Commercial Services buys US factoring assets from GE...

CIT Group Inc. (CIT) announced today that its Commercial Services business unit has acquired a substantial portion of the US…


AMAF lobbies for change of leasing companies’ status to...

Mexican leasing association AMAF will ask congress in the next legislative session to change the legal status of its members…


HSBC launches new factoring service

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 first half profit doubles despite big hit from...

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


Factoring industry boosts profits by 27%

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

Sale of Bombardier unit likely cut by $150 million...

Bombardier Inc. could see up to $150-million shaved off the $1.23-billion price being paid for its recreational products division. The…

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