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CIT Group Asset-Based Lending committed to US$25m in financing while serving as joint lead arranger on an asset-based credit facility of up to US$145m on behalf of a commercial finance company serving government contractors.
19/02/2021
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continuation of FICO scores and COVID-19 in the United States (Part 1)
19/02/2021
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On 21 January 2021, the Office of the National Superintendent for Banking Sector Institutions (SUDEBAN) issued a notice that prohibits banking institutions from carrying out credit operations using foreign currency, without prior authorization from SUDEBAN and the Central Bank of Venezuela (Notice).
18/02/2021
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Lending-as-a-service (LaaS) platform Trade Ledger has raised £13.5m in a Series A funding round led by Point72 Ventures – a VC firm founded by billionaire Steven Cohen. Alex Tarhini, Operating Partner at Point72 Ventures will be joining the board of the firm.
18/02/2021
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Small businesses have taken the brunt of the pandemic, with many SME’s struggling to survive through restrictions and lockdowns. With the threat of permanent closure hanging over their heads, the mental health of small business owners is also low, and support is desperately needed to help them weather the covid storm.
18/02/2021
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The EU has release data showing that the euro zone's trade surplus with the rest of the world was bigger than expected in December 2020, according to Yahoo Finance.
18/02/2021
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LiquidX, the global network for working capital, trade finance and insurance, today announced the appointment of Alex Bursak as Director and Regional Head of Insurance for the Asia Pacific (APAC) region, based in Singapore. In the role, Bursak will accelerate LiquidX’s strategic expansion in Asia as well as in the broader trade credit insurance market.
18/02/2021
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While economic carnage, cost-cutting and growing regulatory burdens triggered the retreat in 2020 of several banks from trade and receivables finance, asset managers, family offices and alternative investors are piling in to plug the gap. Ben Grant, the Head of Partnerships at Aronova, explains how.
17/02/2021
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First Citizens BancShares, the parent company of First Citizens Bank & Trust Company, and CIT Group, the parent company of CIT Bank, jointly received stockholder approval to merge companies.
17/02/2021
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LM Funding America, Inc.
17/02/2021
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