Executive Bio: Christopher L. Cassidy
Partner, Javitch, Block and Rathbone
Executive Bio: Kimberly Lamson Rathbone
Partner, Javitch, Block and Rathbone
Executive Bio: Theodore A. Konstantinopoulos
Partner, Javitch, Block and Rathbone
Executive Bio: Robert N. Lurie
Partner , Javitch, Block and Rathbone
Executive Bio: Jeffrey E. Dubin
Partner, Javitch, Block and Rathbone
The Receivables Exchange Stands Ready to Fill the Liquidity Gap in CIT Fallout
NEW ORLEANS – As CIT struggles to gain bondholder support to avoid bankruptcy, the nation’s small and midsize businesses (SMBs) are turning to other forms of financing to fund their day-to-day operations. While CIT’s uncertain outcome had left many of the nearly one million businesses that rely on the lender for working capital – particularly [...]
Fitch: U.S. Credit Card Performance Measures Mixed as Chargeoffs Drop
NEW YORK–U.S. credit card performance measures exhibited mixed results last month with chargeoffs declining for the second time in three months while delinquencies resumed their upward trends according to the latest Credit Card Index results from Fitch Ratings. The results come as consumers continue suffer from high unemployment rates and a lack of credit availability. [...]
Officers and Board Of Directors Elected at MDHBA Annual Conference
Elmhurst, Illinois – The Medical-Dental-Hospital Business Associates (MDHBA) elected its 2009-2010 Officers and Board of Directors during its annual meeting, Oct. 21-23, 2009, in Newport Beach, California. Officers who were elected include: President Philip Rosenthal, CPBE, vice president, HealthCare Associates, Inc., Alexandria, Virginia; President-Elect Bill Hopkinson, CPBE, president, Charlottesville Bureau of Credits, Inc., Charlottesville, Virginia, [...]
Collection Associates Announces Acquisition of Money Recovery Nationwide
Chicago, IL – LaSalle Capital Group, L.P.’s ("LaSalle Capital") portfolio company Collection Associates, LLC ("CAI") is pleased to announce the acquisition of Money Recovery Nationwide ("MRN"). MRN, headquartered in Lansing, Michigan provides debt collection services to the healthcare industry. MRN has been active in the industry dating back to 1988, and is regarded as [...]
Portfolio Recovery?s Net Income Falls in Third Quarter
Debt buyer and collector Portfolio Recovery Associates said late Thursday that its net income for the third quarter of 2009 dropped compared to the same period a year ago. Norfolk, Va.-based Portfolio Recovery Associates, Inc. (Nasdaq: PRAA) reported net income of $10.1 million, or $0.65 per diluted share, for the quarter ended September 30, 2009, [...]