Financial Services Articles

Cablevision wins Newsday, plans growth

Lauren Bell May 12, 2008

Newsday may be able to expand its audience, thanks to a $650 million agreement between Cablevision Systems Corp. and Tribune Co. that has given Cablevision a 97% stake in the Long Island daily.

Mortgage professionals list on the market

May 09, 2008

Marketing Advisory Group Inc. has introduced the Mortgage Professionals from Listopedia Consortium list to the market. This is a comprehensive list of professionals within the mortgage industry, including mortgage brokers, mortgage bankers, lenders and loan officers.

PrePaid Mastercard list available

May 08, 2008

Market Approach Consulting has introduced the BuyRight Prepaid Mastercard list to the market. These consumers do not qualify for a regular credit card. They have responded to e-mail and direct mail offers for a pre-paid MasterCard.

Survey: CRM important to retailers in recession

Lauren Bell May 07, 2008

New survey data released by Retail Systems Research (RSR) and Manhattan Associates Inc. show that a majority of retailers have not made plans to cope with consumer spending inspired by the economic stimulus plan — a move that could affect CRM strategies and customer loyalty.

Target sells $3.6B in credit card receivables interest to JPMorgan Chase

Chantal Todé May 06, 2008

Target Corp. said it would sell an interest in its credit card receivables to JPMorgan Chase for proceeds of approximately $3.6 billion. The transaction is expected to provide Target with sufficient liquidity to implement its business plans without the need to access term debt capital this year.

Wells Fargo banks on virtual worlds to gather real-world interest

David Ward May 05, 2008

If you don't think virtual worlds can mirror reality, imagine losing your cool new virtual car because you haven't made your virtual payments. That's one of the things that can happen on Stagecoach Island, a private virtual world created by financial services company Wells Fargo to teach basic financial skills to the age 14-24 demographic.

Small business, big community

Lauren Bell May 05, 2008

For American Express Open, engaging and interacting with customers is the key to gaining loyalty, Lauren Bell reports.

Wachovia reaches $125M settlement with US government agency

Mary Elizabeth Hurn April 30, 2008

Wachovia Bank has entered into a settlement agreement with the Office of the Comptroller of the Currency (OCC), which is directing the bank to make restitution to consumers harmed by its relationships with numerous teleservices providers and third-party payment processors.

Alliance ends acquisition deal, files lawsuit

Lauren Bell April 22, 2008

Alliance Data Systems Corp. (ADS) has officially terminated its $6.4 billion dollar acquisition agreement with The Blackstone Group and is suing the private equity firm for a $170 million break-up fee.

Sears latest retailer to lose bank funding

Chantal Todé April 21, 2008

Sears Holdings Corp. has joined the list of retailers receiving bad news from the financial community. In a filing with the Securities and Exchange Commission on Friday, Sears revealed that the Bank of America had advised the multichannel merchant it would not renew an existing letter of credit agreement under the current terms.

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