UBS TO SLASH ANOTHER 2,000 JOBS
NEW YORK (CNNMoney.com) -- Swiss bank UBS said Friday that it plans to cut an additional 2,000 investment banking jobs, bringing the total headcount reduction to 6,000 over the past year.
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NATIONWIDE SETTLEMENT BETWEEN U. S. TRUSTEES AND CAPITAL ONE BANK (USA) N.A.
WASHINGTON, D.C.–The U.S. Trustee Program (USTP or Program) announced today that it has entered into a settlement agreement with Capital One Bank (USA) N.A. (Capital One) that, if approved by the United States Bankruptcy Court for the District of Massachusetts, will resolve USTP allegations that Capital One sought to collect debts that had been discharged in prior bankruptcy cases.
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JOBS: WORST IN 5 YEARS
NEW YORK (CNNMoney.com) -- Employers made deeper cuts in their payrolls in September, according to the Labor Department's monthly jobs report, as the economy experienced the biggest drop in jobs in more than five years.
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WELLS FARGO, WACHOVIA AGREE TO MERGE
SAN FRANCISCO and CHARLOTTE, - Wells Fargo & Company (NYSE:WFC) and Wachovia Corporation (NYSE:WB) said today they have signed a definitive agreement for the merger of the two companies including all of Wachovia's banking operations in a whole company transaction requiring no financial assistance from the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
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NOBLE WFM DELIVERS A FLEXIBLE, AFFORDABLE CONTACT CENTER
Atlanta, GA - Noble Systems Corporation, a global leader in innovative contact center technology solutions, introduces Noble® WFM, a powerful and complete workforce management system. Noble WFM provides a robust and affordable forecasting and staffing management solution that is easy to deploy for centers of all sizes.
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NEW VISA SURVEY REVEALS GLOBAL COMPANIES PLAN TO REDUCE RELIANCE ON CHECKS AND INCREASE COMMERCIAL CARD USAGE
Today Visa Inc. (NYSE:V) released a global survey showing 74 percent of respondents are satisfied with their commercial payment card programs. Currently, 50 percent of respondents currently use commercial payment cards to make payments as part of their overall cash management strategies. In the next 12 - 18 months, 52 percent of survey respondents intend to reduce reliance on checks and 45 percent plan to increase their use of commercial card programs.
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SENATE PASSES BAILOUT
NEW YORK (CNNMoney.com) -- The Senate on Wednesday night passed a sweeping and controversial financial bailout similar in key ways to one rejected by the House just two days earlier.
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NEW FDIC LIMITS COULD HURT SOME BANKS
NEW YORK (CNNMoney.com) -- Now that the Senate has passed a new version of the controversial bailout bill, consumers and businesses worried about what may happen to their bank deposits if more banks go under could breathe a little easier.
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FTC'S CYBER SECURITY SITE GETS AN UPGRADE
The Federal Trade Commission's Web site that helps consumers stay on guard against Internet fraud is revamping to provide extra tools for cyber safety. The FTC's announcement of the newly designed and improved site comes on the first day of October, which is National Cyber Security Awareness Month.
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SOUNDBITE COMMUNICATIONS HELPS STUDENT LOAN INDUSTRY IMPROVE RESPONSE RATES FROM BORROWERS
Bedford, Mass. - SoundBite Communications, Inc. (NASDAQ: SDBT) today announced that its integrated, multi-channel Intelligent Communications Platform has been effective in helping student loan originators, servicers, guarantors and collection agencies contact and communicate with student loan borrowers. These organizations need to use a combination of voice, email and text messaging communications in order to increase penetration and response rates, especially given the mobility of today's borrowers.
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THE FHA'S $300 BILLION HOPE FOR HOMEOWNERSHIP PROGRAM IS NOW OPEN FOR BUSINESS. BUT WILL BANKS BE WILLING TO SIGN UP?
NEW YORK (CNNMoney.com) -- Amidst all the chaos surrounding the $700 billion Wall Street bailout plan, the federal government's other housing rescue program quietly opened for business Wednesday.
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U.S. BANK INVESTS IN CINCINNATI WITH "POWERBANK" STRATEGY
CINCINNATI, (BUSINESS WIRE) -- U.S. Bank announced plans today to invest more than $3 million in the Cincinnati market as it rolls out its "Powerbank" strategy. Aimed at improving the customer experience, U.S. Bank's strategy focuses on a number of enhancements, including refurbished branches and ATMs, more branch staff, extended branch hours, self-serve coin counters, and more competitive interest rates. The initiative, which officially kicks off October 1, will be implemented at 118 U.S. Bank branches in Cincinnati, Northern Kentucky and 23 branches in Dayton.
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CREDIT UNION FEDERAL INSURANCE COVERAGE TO RISE TO $250,000 UNDER NEW FINANCIAL RESCUE LEGISLATION
WASHINGTON, /PRNewswire-USNewswire via COMTEX/ -- New legislation to be considered by the U.S. Senate tonight (and later by the House) will increase the level of federal insurance for credit union savings to $250,000.
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IAT, A LEADING PROVIDER OF COMMUNICATION TECHNOLOGY FOR THE COLLECTION INDUSTRY HAS PARTNERED WITH CUBS CONSULTING, INC.
Salt Lake City, UT, October 1, 2008-IAT, a leading provider of communication technology for the collection industry and related markets, announced today that they have partnered with Cubs Consulting, Inc. (CCI), to provide a real-time integration between The Collector System® from Columbia Ultimate and CT Center®, IAT's total predictive dialing and interactive contacting solution for collection organizations of all sizes. Users of IAT hosted services are also benefiting from the Cubs Consulting integration between The Collector System and CT Impact®.
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DISCOVER FINANCIAL SERVICES RECOGNIZED FOR INFORMATION TECHNOLOGY INNOVATION
RIVERWOODS, Ill., (BUSINESS WIRE) -- Discover Financial Services has been named to the 2008 InformationWeek 500 list of the most innovative users of information technology for the third consecutive year.
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CREDIT CRISIS: CAR DEALERS SQUEEZED FROM ALL SIDES
If you want to see how America's credit crisis is hitting the streets of your hometown, go to your local car dealer. Auto dealers depend on credit. They need it to run their stores and their customers need it to buy their products. From every angle, credit trouble hurts.
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BAD CREDIT-CARD DEBT COULD BE NEXT SHOT TO ECONOMY, RESEARCHER SAYS
CHICAGO (MarketWatch) -- Credit-card debt is on the brink of imploding and will be the next storm to hit the fragile finance industry, an investment research firm predicted this week.
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600,000 JOBS LOST - AND COUNTING
Job losses have been mounting, and the slowing economy and credit crunch is likely to take an even greater toll in the coming months.
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MORTGAGE APPLICATIONS PLUNGE 23%: MORTGAGE BANKERS ASSOC.
In yet another sign of the economic crisis, the Mortgage Bankers Association said Wednesday that mortgage applications plunged 23% last week.
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FDIC URGES TEMPORARY HIKE IN INSURED DEPOSIT LIMIT
WASHINGTON - The agency that protects U.S. bank deposits is asking Congress for temporary authority to boost deposit insurance limits as the government works to contain the financial crisis.
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THE FEDERAL RESERVE BOARD ANNOUNCED TUESDAY THAT THE CONSUMER ADVISORY COUNCIL WILL HOLD ITS NEXT MEETING ON THURSDAY, OCTOBER 23.
The Federal Reserve Board announced Tuesday that the Consumer Advisory Council will hold its next meeting on Thursday, October 23. The meeting will take place in Dining Room E, Terrace Level, in the Board's Martin Building. The session will begin at 9:00 a.m. and is open to the public. Anyone planning to attend the meeting should, for security purposes, register no later than Tuesday, October 21, by completing the form found online at: https://www.federalreserve.gov/secure/forms/cacregistration.cfm. Additionally, attendees must present photo identification to enter the building.
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CREDIT MARKETS ARE STILL TIGHT, TREASURYS EASE
Credit markets remained under pressure Tuesday, with investors waiting to see how Washington will respond to the House's rejection of a financial bailout plan.
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LIVEVOX PROVIDES ANALYTIC TOOL TO POWER COLLECTIONS PRODUCTIVITY
SAN FRANCISCO, - LiveVox, the leading provider of hosted-dialer solutions, today announced it is the first to deliver in a hosted environment a real-time analytic tool that gives collections organizations visibility into dialing strategy effectiveness, agent accountability and productivity gains.
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BAILOUT REJECTED; NEW BILL VOWED
WASHINGTON - President Bush and congressional leaders, stunned by the defeat of a $700 billion Wall Street bailout plan yesterday, vowed to quickly craft a new proposal to win over skeptical lawmakers before the worst financial crisis in generations deteriorates into a widespread economic meltdown.
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| DebtConnection.com is a searchable database of collection products and services.
The following Updates and New Entries occured since the last At A Glance was sent: | | | Portfolios For Sale | $983,804.00 Judgments
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?607
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690
$1,178,989.00 Other
WorldWide Debt Exchange
http://www.debtconnection.com/portfolio.asp?606
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?1690
$19,600,000.00 Credit Cards
Charge-Off Clearinghouse
http://www.debtconnection.com/portfolio.asp?605
More information about this company can be found here:
http://www.debtconnection.com/moreinfo.asp?247
| | Contact Solutions/Dialers | IAT
Jeff Savage
800-574-8801
More Information
| | Debt Buyers | ARCHES FINANCIAL, LLC
Michael Law
801-466-2130
More Information
| | Debt Sellers | GLASS MOUNTAIN CAPITAL LLC
800-583-0905
| | Software | ACCELERATED DATA SYSTEMS
Phillip Justus
303-706-1101
More Information
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Industry Events
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28th Annual Midwestern Bankruptcy Institute
American Bankruptcy Institute
H. Roe Bartle Hall Convention Center
Kansas City, Missouri
October 3, 2008
More Information
Midwestern Consumer Forum
American Bankruptcy Institute
H. Roe Bartle Hall Convention Center
Kansas City, Missouri
October 3, 2008
More Information
Recovery Management Strategies and Techniques
Resource Management Services, Inc.
Hyatt Rosemont Chicago O'Hare Airport
Chicago, IL
October 7 - 9, 2008
More Information
Chicago Consumer Bankruptcy Conference
American Bankruptcy Institute
The Standard Club
Chicago, Illinois
October 13, 2008
More Information
Distressed Retailed Summit
Infocast
Digital Sandbox
New York, NY
October 16 - 17, 2008
More Information
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| At A Glance - Thursday, November 20, 2008 |
| At A Glance - Wednesday, November 19, 2008 |
| At A Glance - Friday, November 14, 2008 |
| At A Glance - Wednesday, November 12, 2008 |
| At A Glance - Friday, November 07, 2008 |
| At A Glance - Wednesday, November 05, 2008 |
| At A Glance - Wednesday, October 29, 2008 |
| At A Glance - Friday, October 24, 2008 |
| At A Glance - Wednesday, October 22, 2008 |
| At A Glance - Friday, October 17, 2008 |
| At A Glance - Wednesday, October 15, 2008 |
| At A Glance - Friday, October 10, 2008 |
| At A Glance - Wednesday, October 08, 2008 |
| At A Glance - Friday, October 03, 2008 |
| At A Glance - Wednesday, October 01, 2008 |
| At A Glance - Wednesday, September 24, 2008 |
| At A Glance - Friday, September 12, 2008 |
| At A Glance - Wednesday, September 10, 2008 |
| At A Glance - Friday, September 05, 2008 |
| At A Glance - Wednesday, September 03, 2008 |
| At A Glance - Friday, August 29, 2008 |
| At A Glance - Wednesday, August 27, 2008 |
| At A Glance - Friday, August 22, 2008 |
| At A Glance - Wednesday, August 20, 2008 |
| At A Glance - Friday, August 15, 2008 |
| At A Glance - Wednesday, August 13, 2008 |
| At A Glance - Friday, August 08, 2008 |
| At A Glance - Wednesday, August 06, 2008 |
| At A Glance - Friday, August 01, 2008 |
| At A Glance - Wednesday, July 30, 2008 |
| At A Glance - Friday, July 25, 2008 |
| At A Glance - Wednesday, July 23, 2008 |
| At A Glance - Friday, July 18, 2008 |
| At A Glance - Wednesday, July 16, 2008 |
| At A Glance - Friday, July 11, 2008 |
| At A Glance - Wednesday, July 09, 2008 |
| At A Glance - Wednesday, July 02, 2008 |
| At A Glance - Friday, June 27, 2008 |
| At A Glance - Wednesday, June 25, 2008 |
| At A Glance - Friday, June 20, 2008 |
| At A Glance - Wednesday, June 18, 2008 |
| At A Glance - Friday, June 13, 2008 |
| At A Glance - Wednesday, June 11, 2008 |
| At A Glance - Friday, June 06, 2008 |
| At A Glance - Wednesday, June 04, 2008 |
| At A Glance - Friday, May 30, 2008 |
| At A Glance - Wednesday, May 28, 2008 |
| At A Glance - Friday, May 23, 2008 |
| At A Glance - Wednesday, May 21, 2008 |
| At A Glance - Friday, May 16, 2008 |
| At A Glance - Wednesday, May 14, 2008 |
| At A Glance - Friday, May 09, 2008 |
| At A Glance - Wednesday, May 07, 2008 |
| At A Glance - Friday, May 02, 2008 |
| At A Glance - Wednesday, April 30, 2008 |
| At A Glance - Friday, April 25, 2008 |
| At A Glance - Wednesday, April 23, 2008 |
| At A Glance - Friday, April 18, 2008 |
| At A Glance - Wednesday, April 16, 2008 |
| At A Glance - Friday, April 11, 2008 |
| At A Glance - Wednesday, April 09, 2008 |
| At A Glance - Friday, April 04, 2008 |
| At A Glance - Wednesday, April 02, 2008 |
| At A Glance - Friday, March 28, 2008 |
| At A Glance - Wednesday, March 26, 2008 |
| At A Glance - Friday, March 21, 2008 |
| At A Glance - Wednesday, March 19, 2008 |
| At A Glance - Friday, March 14, 2008 |
| At A Glance - Wednesday, March 12, 2008 |
| At A Glance - Friday, March 07, 2008 |
| At A Glance - Wednesday, March 05, 2008 |
| At A Glance - Friday, February 29, 2008 |
| At A Glance - Wednesday, February 27, 2008 |
| At A Glance - Friday, February 22, 2008 |
| At A Glance - Wednesday, February 20, 2008 |
| At A Glance - Friday, February 15, 2008 |
| At A Glance - Wednesday, February 13, 2008 |
| At A Glance - Friday, February 08, 2008 |
| At A Glance - Wednesday, February 06, 2008 |
| At A Glance - Wednesday, January 30, 2008 |
| At A Glance - Friday, January 25, 2008 |
| At A Glance - Tuesday, January 22, 2008 |
| At A Glance - Friday, January 18, 2008 |
| At A Glance - Wednesday, January 16, 2008 |
| At A Glance - Friday, January 11, 2008 |
| At A Glance - Wednesday, January 09, 2008 |
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