DALLAS - (03/30/06) CarForce1 said Wednesday itwill begin listing repossessed vehicles and lease-returns forvarious credit unions and major banks across the U.S.. CarForce1provides dealerships with training and consulting services on howto expand their market share by maximizing their use of Internetauction house eBay. The company has developed a program thatidentifies vehicles that should be listed and also helps withpricing the vehicle for maximum exposure.
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Treasury laid off all of its Community Development Financial Institution Fund staff on Friday, with the reduction in force notices saying that the department plans on abolishing the fund.
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After a quarter in which Goldman Sachs beat Wall Street's expectations, CEO David Solomon said he was seeing a "meaningful improvement" in the macroeconomic environment.
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The San Francisco-based banking giant reported a 9% annual jump in quarterly profits. It also made official its appointment of CEO Charlie Scharf as chairman.
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The megabank's multiyear effort to simplify its business model and improve its risk management is starting to pay off in the form of more consistent profitability and improved returns, CEO Jane Fraser told analysts.
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The credit infrastructure and analytics company secured $35 million in a Series D funding round, led by Socium Ventures, the venture capital division at Cox Enterprises, to expand cash-flow underwriting into auto lending and personal loans.
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Lebda, who died over the weekend in an ATV accident, built one of the first online financial marketplaces in 1998.
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