Wells Fargo will shut down a mortgage processing center in Durham, North Carolina, eliminating 62 jobs. The work will go to another mortgage processing center in Charlotte. The Durham facility will close by the end of this month. Those laid off can apply for new jobs at Wells Fargo and Wachovia offices. Headquartered in San Francisco, Wells [...]
Continue reading...Tuesday, August 18, 2009
First Data, which recently announced it will relocate its headquarters back to Atlanta, bringing 250 jobs to the city, will in fact create 1,000 new positions. The initial figure was intentionally conservative. The company used the 250 number because that’s the minimum number of jobs needed to qualify for state incentives. First Data currently employs 750 in [...]
Continue reading...Monday, August 17, 2009
Sovereign Bancorp has cut 517 employees from its Pennsylvania workforce. The firm now employs 2,700 in the Commonwealth. In May the bank said it was cutting 950 jobs in eight states. It says it is finished laying employees off. Sovereign Bank is the 19th-largest banking institution in the United States. The bank has more than $90 billion [...]
Continue reading...Friday, August 14, 2009
First Data will relocate its headquarters back to Atlanta, bringing 250 jobs to the city over three years. The firm has been officially based in Greenwood Village, Colorado — but most operations have been in Atlanta, where the company employs 750. Founded in 1969, First Data Corporation is a payment processing company and a provider of electronic [...]
Continue reading...Thursday, August 13, 2009
AIG’s American General Finance has cut 900 jobs so far this year, or 11% of its workforce. The firm also shut 145 of its 1,400 branches. The company has not ruled out further cost-cutting measures. American General Finance, a subsidiary of AIG, is a provider of loans, retail financing and other credit related products. It is based [...]
Continue reading...Tuesday, August 4, 2009
Miami Township, Ohio’s National City Mortgage in Miami Township is laying off 74 employees, after merging with PNC Financial Services. The layoffs begin in September and will be complete by year’s end. Those targeted include systems analysts and mortgage operations managers. The firm says that the merger will lead to a net gain in Miami Township jobs, [...]
Continue reading...Wednesday, July 29, 2009
San Francisco, California-based investment bank Thomas Weisel Partners Group has cut jobs to reduce expenses. The company eliminated 6% of its workforce this month. The firm now employs 455. Thomas Weisel Partners Group is an investment banking firm launched in January 1999 by Thom Weisel and other personnel from the former Montgomery Securities. Various divisions operate out [...]
Continue reading...Sunday, July 26, 2009
JPMorgan Chase will hire 250 workers for the company’s mortgage records center in Monroe, Louisiana. The new hiring will be complete in early August. JPMorgan is northeastern Louisiana’s second-largest private employer. The firm will employ 2,100 people in Ouachita Parish. New York City’s JPMorgan Chase is one of the oldest financial services firms in the world. It is [...]
Continue reading...Thursday, July 16, 2009
Citigroup will outsource the core processing elements of its receivables management business to First Data, eliminating 500 Citigroup jobs. First Data will offer jobs to all of Citigroup’s employees in the unit, and will sublease Citigroup’s processing facilities. Denver, Colorado’s First Data is owned by private equity firm Kohlberg Kravis Roberts & Co. Citigroup is a major financial [...]
Continue reading...Wednesday, July 15, 2009
Marshall & Ilsley is combining its offices in Appleton and Brookfield, laying off 170 at the former but adding 135 jobs at the latter. Appleton employees are being offered jobs in Brookfield. Those who choose not to relocate will be offered a severance package. The consolidation will be complete at the end of the year. Marshall & Ilsley [...]
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Wednesday, August 19, 2009
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