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Providian Financial Corporation NYSE: PVN (now known as Washington Mutual Card Services) is one of the leading credit card issuers in the United States. Headquartered in San Francisco, California, Providian currently has more than 10 million card holders and ranks as the ninth largest credit card issuer. In October, 2005 Providian was sold to Washington Mutual for approximately $6.5 billion. Washington Mutual will run the company as a wholly owned subsidiary, continuing to operate out of its San Francisco headquarters. The company employs approximately 3,000 employees nationwide. Providian has significant operations in California, New Hampshire, and Texas. Image File history File links Logo_providian. ...
A public company is a company owned by the public. ...
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City nickname: The City by the Bay Location Location of the City and County of San Francisco, California Government County San Francisco Mayor Gavin Newsom Physical characteristics Area Land Water 600. ...
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link titlelink title:for other uses of the abbreviation CFO see CFO (disambiguation) The Chief Financial Officer (CFO) of a company is the corporate officer primarily responsible for managing the financial risks of a business (see External Link below). ...
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Finance and Insurance is an industry group that mainly handles the transfer of paper and money, financial assets. These include: Accounting, Asset Management, Electronic Communications Networks, Financial Services Regulatory Agencies, Investment Banking Investment Firms, Investment Funds, Lending, Outsourced Financial Products & Services Marketing, Securities Brokers & Traders, Stock Exchanges, Trade Facilitation, and...
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Financial services is the largest industry (or category of industries) in the world in terms of earnings (20% of market cap in the S&P 500 in 2004). ...
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Credit cards A credit card system is a type of retail transaction settlement and credit system, named after the small plastic card issued to users of the system. ...
City nickname: The City by the Bay Location Location of the City and County of San Francisco, California Government County San Francisco Mayor Gavin Newsom Physical characteristics Area Land Water 600. ...
Despite its name, Washington Mutual NYSE: WM is a stock financial services company based in Seattle, Washington. ...
State nickname: The Golden State Official languages English Capital Sacramento Largest city Los Angeles Governor Arnold Schwarzenegger (R) Senators Dianne Feinstein (D) Barbara Boxer (D) Area - Total - % water Ranked 3rd 410,000 km² 4. ...
State nickname: Granite State, Mother of Rivers, White Mountain State, Switzerland of America [1] Official languages English Capital Concord Largest city Manchester Governor John Lynch (D) Senators Judd Gregg (R) John Sununu (R) Area - Total - % water Ranked 46th 24,239 km² 3. ...
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Providian underwent a tremendous business turnaround beginning in 2001 following the departure of the former management team and large credit losses following the recession of 2001. These losses lead to significant layoffs, trimming the company from 11,000 employees to 3,500. During the same period, the size of the credit portfolio and the number of accounts decreased significantly, as the new management team sold a large number of higher credit risk accounts and began a marketing program that reinvented the Company. Under the leadership of CEO Joe Saunders and his management team, the company has very successfully focused on attracting “mainstream” American customers, while dramatically reducing its credit losses. 2001: A Space Odyssey. ...
A chief executive officer (CEO) or chief executive is the highest-ranking corporate officer or executive officer of a corporation, company, or agency. ...
As of October 1, 2005, Providian is now a part of Washington Mutual. Providian has been renamed Washington Mutual Card Services, and currently markets cards under the Providian and Washington Mutual brands, as well as issues co-brand and affinity cards entities including eBay, PayPal, HSN, and the Democratic National Committee. Despite its name, Washington Mutual NYSE: WM is a stock financial services company based in Seattle, Washington. ...
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