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Survey Presented In Brit-speak Shows Invoice Factoring Gaining Favour.
Whenever I have the urge to plunge into the murky world of finance and reveal to myself how very much I don’t understand, I track down an article or press release from the UK. Oh, those British! They...
View ArticleWhat Business Receivables Factoring Is (Not)
I try and keep track of what’s going on in the receivables factoring industry by subscribing to things like Google Alerts and by plain old web surfing. Unfortunately, what I run into most frequently...
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Factoring Clients See Conflict in Morgan Stanley’s Dealings With CIT
As if things weren’t murky enough on Wall Street right now the relationship between Morgan Stanley and CIT has just made things even murkier for factoring clients of CIT. (“Murky” is a great word isn’t...
View ArticleReceivable Factoring Continues Growth. Scheme to Defraud Factoring Companies...
Sounds like growing pains to me. As I scan the financial news I come across more and more announcements that some major financial institutions are expanding their services to include receivables...
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Chinese Aren’t Shy About Importance of Receivables Factoring for E-City Project
It continues to fascinate me that receivables factoring has such a prominent and public profile in Asian and European countries. While it seems to me that most of what you read about receivables...
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Real Estate Factoring South of the Border
In a press release issued today, Homex, one of Mexico’s leading home builders, announced their satisfaction with FOVISSSTE, a Mexican mortgage company, for implementing a factoring program with...
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Factoring Behemoth CIT Receives Bailout From Icahn
Heavyweight investor Carl Icahn has offered to provide a loan of up to $6 billion to ailing receivables factoring giant CIT. Icahn is a bondholder of CIT and is not in favor of the restructuring plan...
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CIT Cash Flow Jeapordized by Pending Banruptcy. Impact on Factoring Clients...
We hear a lot these days about companies that are too big to fail. Appears that CIT is not too big to fail but is too big to go into bankruptcy without causing a lot of chaos for its factoring clients....
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IFG Ranks Pekao Faktoring #1 in Region
At the recent annual meeting of the International Factors Group (IFG), the Polish company Pekao Faktoring was named as the #1 factoring company in the region. The IFG meeting was held in St. Petersburg...
View ArticleHome Furnishings Factoring
A report in Home Furnishings Business indicates that furniture manufacturers are the latest business segment gain access to industry specific receivables factoring opportunities. The publication...
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