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Today's Top Story

Citigroup Abandons Wachovia Fight; Will Seek Damages

Citigroup is stepping aside in its battle with Wells Fargo to acquire Wachovia. But Citi will be seeking damages after the Wells-Wachovia merger is complete; a deal that will create a massive banking giant.

• Collection News

  • LINK Financial Launches Brand Dedicated to Student Loan Servicing
  • Transworld Celebrates 10 Years as a Medical Group Management Association Partner
  • Collection Entrepreneur Sees Opportunity with New Agency
  • 

• Debt Purchasing

  • View Debt Portfolios
  • Submit Debt Portfolios
  • LINK Financial Launches Brand Dedicated to Student Loan Servicing
  • Aktiv Kapital Signs Collection Contract with Nordea
  • 

• Bank News

  • AIG Gets $37 Billion More From Government
  • Citigroup Abandons Wachovia Fight; Will Seek Damages
  • Composure While Under Pressure
  • 

• Healthcare

  • Wichita Hospitals Beefs Up Financial Counseling to Curb Bad Debt Expense
  • Financial Bailout Will Hamper Next President’s Health Care Reform Efforts
  • Obama’s Health Care Plan Vague On Uncompensated Care Expense, Costs: Experts
  • 

• Consumer/Retail

  • Consumer Credit Falls in August for First Time in 10 Years
  • Discover U.S. Spending Monitor Down 2.2 Points as Consumer Confidence Falls
  • Bailout Gives Government 60 Day Ultimatum to Help Homeowners
  • 

• Technology

  • Debt Resolve to Delist From AMEX, Trade Over the Counter
  • Bank Data Breach Could Impact 12.5 million Customers
  • Debt Resolve Shifts Business Strategy, Closes Collection Agency
  • 

• Government

  • Servicing Loans Crucial to Success of the Bailout Plan
  • ED Collection Contract Award Pushed Back Again
  • IRS Debt Collection Program on Track, But Improvements Needed: Report
  • 

• People

  • Executive Change: David Schieszer to Southwest Credit Systems as COO
  • Executive Change: Lennart Laurén Steps Down as Intrum Scandinavia Head
  • Executive Change: Jan-Michael Lacey Promoted to Director at Freds.com Group
  • 

• Companies

  • Wells Fargo
  • LINK Financial Group
  • Wachovia
  • AIG
  • Citigroup
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