Commercial Finance News

Payment discipline

BCR Factorscan

David DiPiero, CEO and Director of FGI Finance in the United States, talks to Factorscan about how payment conditions have developed in the States over the last eighteen months, the improvements in discipline that the industry can prompt in its clients and how he expects global payments to head towards a middle ground in the coming years.

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Vulnerable to vertigo

Financial Times

Although the data by no means all point downward, fears have grown about a revival that has been remarkable in breadth but retains at least four main risks to its durability.

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Bernanke: More Needed To Boost Small-Business Lending

The Wall Street Journal

"Making credit accessible to sound small businesses is crucial to our economic recovery and so should be front and center among our current policy challenges," Mr. Bernanke said in prepared remarks to the Fed's forum on restoring credit to small businesses.

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Small-Business Lending Is Down, but Reasons Still Elude the Experts

New York Times

The chairman of the Federal Reserve urged banks and regulators to help the nation’s small businesses get the loans they needed to create jobs. Ben S. Bernanke held a forum on small-business lending at the central bank's offices. He also acknowledged that economists could not agree on why such lending has contracted substantially over the last two years.

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For small businesses, loans are plentiful as long as they're plastic-backed

CNN Money

On Monday, July 12, Federal Reserve Chairman Ben Bernanke took up the growing issue of lack of lending to small businesses by banks, and the havoc it's causing in the economy. Lending to small businesses contracted by $40 billion for the first quarter of 2010 as compared to 2008.

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The wrong fix for small business lending

CNN Money

Bernanke said, “banks across the country are systematically denying loan requests from financially credible small businesses”. Bernanke implored community banks to lend more to small businesses, saying they are "crucial to America's recovery."

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Small companies seek alternative funding to the big banks

Business Money

Aldermore, the new British bank, has said that the number of SMEs using invoice financing is soaring as small companies look for new ways to deal with the SME funding crisis.

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Marsh Teams With FGI Risk Services To Deliver Enhanced Trade Credit Policy Management And Servicing Support

FGI Risk Services

Marsh has signed a multi-year agreement with FGI Risk Services to deliver enhanced trade credit services to Marsh clients. Under an agreement with FGI, Marsh will license FGI Risk Services’ TRUST policy management platform to provide policy management and servicing support for the trade credit insurance policies placed by Marsh for its clients.

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People Moves

  • FGI Finance

    Erez Schnaittacher has joined the company as Assistant Vice President of Business Development.

  • CIT Group Inc.

    Scott T Parker has been appointed as Executive Vice President, Chief Financial Officer.

  • Crestmark

    Mickey Moran has been added as VP, Business Development based out of the St. Louis, MO area.

  • GE Capital

    Ryan Zanin has been hired as its new Chief Risk Officer.

  • First Capital

    Christopher M McKernan has been named the Business Development Officer for the Seattle office.

  • Focus Management Group

    Robert Starzyk has been added as Managing Director.

  • GB Merchant Partners

    Judy K Mencher has joined as President of the debt investment group.

  • Gibraltar Business Capital

    Dave Wanders has joined Gibraltar Business Capital as a Business Development Officer, based in IL.

  • Greenfield Commercial Credit

    Christopher Mitchell has been announced as Regional Sales Manager for the Atlanta Office.

  • Hartsko Financial Services, LLC

    David Seelenfreund has been appointed as Vice President of Business Development based in Bayside, NY.

  • Healthcare Finance Group, LLC

    Rossi Felix has joined the firm as Sr VP and Business Development Officer based in Dallas, TX.

  • Hilco Consumer Capital, LLC (HCC)

    Mitchell C Berk has been appointed as Chief Executive Officer.

  • PNC

    Paul Krantz has been appointed Sr Vice President, responsible for Business Development in the Midwest.

  • The Porter Capital Group

    John M Allgood, Jr has joined the company as Business Development Officer for Porter Bridge Loan Company and Capital Partners Leasing divisions.

  • SPECTRUM Commercial Services Company

    John L Klehm has joined as First Vice President.
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