Archive for September, 2010
Firstsource Signs 5-Year Outsourcing Agreement with Barclaycard, UK
MUMBAI, India & NEW YORK–(BUSINESS WIRE)–Firstsource Solutions (“Firstsource”), a leading global business process outsourcing (BPO) provider, today announced a five-year outsourcing partnership with Barclaycard, the UK-based credit card and consumer lending business of Barclays PLC. The customer service contract will involve Firstsource managing Barclaycard’s credit card and payment businesses beginning November 1, 2010. The partnership [...]
2 of 3 Cabrini-Green Buildings Closed
The Chicago Housing Authority has closed two of the last three Cabrini-Green buildings still standing. View full post on All Stories
Chase Freezes Some Foreclosures
A spokesman for JPMorgan Chase & Co. said that the bank’s Chase unit is stopping some foreclosures. He explained that the move was being made to review how employees in its mortgage-foreclosure operations sign affidavits about loan documents. In some cases, employees “may have signed affidavits about loan documents on the basis of file reviews [...]
Flaherty scales back EI premium increase
Finance Minister Jim Flaherty says he will increase employment insurance premiums in January, but not as high as the level recommended by an independent panel. View full post on All Stories
Consumers Union opposes California’s Proposition 23
Prop. 23 would effectively repeal California’s landmark clean energy and emissions law and is a bad deal for consumers View full post on Consumer Protection Stories
Two State Street employees charged in SEC case
SAN FRANCISCO (MarketWatch) — The Securities and Exchange Commission on Thursday charged two employees at State Street Bank and Trust Co. with misleading investors about subprime investments. The SEC alleges that John Flannery and James Hopkins falsely marketed State Street’s Limited Duration Bond Fund as an alternative to a money market fund for certain types [...]
Japan shares down 2% on strong yen, weak data
HONG KONG (MarketWatch) — Japan’s Nikkei Stock Average ended sharply lower Thursday, although it closed out September trade with a strong monthly performance. Shares came under pressure during the session by a stronger yen, ongoing troubles in the consumer-lending sector, and weak industrial output data released before the market open. The Nikkei Average ended 2% [...]
Charges filed in 3-year-old murder of St. Charles insurance agent
ST. CHARLES – Police said Wednesday a DNA match led to charges in a more than 3-year-old killing of a St. Charles insurance agent. View full post on All Stories
`Robo-signers’ in foreclosures draw scrutiny
Controversy about so-called “robo-signers” in the foreclosure process, during which staffers sign thousands of mortgage-related documents a month, is spreading across the U.S. banking industry. View full post on All Stories
China acts to cool housing market
China is imposing fresh restrictions on lending and rolling out a new tax on real estate transactions, in its latest effort to cool the housing market. View full post on All Stories
