Congress Demands Answers From CCP-Friendly HSBC Bank
Congress Demands Answers From CCP-Friendly HSBC Bank Philip Lenczycki on March 4, 2022 Following the 2019-2020 Hong Kong protests, former CEO of HSBC Asia, Peter …
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Russia faces lasting consequences from Ukraine war, World Bank chief says
By David Lawder and Andrea Shalal WASHINGTON -Russia’s war in Ukraine has “horrified” the World Bank’s shareholders and will have lasting consequences for Russian President …
Intesa opening Pravex bank branches in Ukraine when safe to do so
MILAN – Italy’s biggest bank Intesa Sanpaolo said it was determined to support customers of its Ukrainian subsidiary Pravex Bank and was opening branches in …
Sri Lanka central bank hikes rates to tame inflation; urges govt to act
By Uditha Jayasinghe and Swati Bhat COLOMBO – Sri Lanka’s central bank sharply raised interest rates on Friday to staunch growing inflationary pressures and urged …
Dutch bank ING says $770 million in loans affected by Russian sanctions
AMSTERDAM – Dutch bank ING provided an update on Friday on its exposure in Russia and Ukraine, saying that about 700 million euros ($771 million) …
Florida Man Indicted For Wire Fraud, Bank Fraud, Money Laundering, And Aggravated Identity Theft
GREENEVILLE, Tenn. – A federal grand jury in Greeneville returned a 15-count indictment on February 8, 2022, against Johntavis Rogers, 24, of Fort Myers, Florida, …
Repeat Fraudster Sentenced For Fraudulent Loan And Bank Bribery Scheme
Damian Williams, the United States Attorney for the Southern District of New York, announced that ADEDAYO ILORI, a recidivist fraudster with multiple prior fraud convictions …
Former Nantucket Bank Employee Sentenced for Role in Two Fraud Schemes
BOSTON – A former Nantucket Bank employee was sentenced today for her role in two fraud conspiracies. Rushell Harris, 32, of Nantucket, was sentenced by …
World Bank Ukraine loan disbursement grows to 460 million euros-sources
WASHINGTON – A World Bank emergency cash disbursement to Ukraine will grow to 460 million euros ($509 million) with contributions from Sweden and the Netherlands, …
No restrictions on paying debts to non-residents in FX, says Russian central bank
MOSCOW – No restrictions stopping people from paying debts in foreign currency to a foreign company or bank have been introduced, Russia’s central bank said …
World Bank Makes Big Show Of Cutting Off Russia Just Weeks After Being Accused Of Oppressing Uyghurs In China
World Bank Makes Big Show Of Cutting Off Russia Just Weeks After Being Accused Of Oppressing Uyghurs In China Ailan Evans on March 3, 2022 …
Bank Employee Pleads Guilty to Credit Card Fraud
BUFFALO, NY – 53-year-old former Buffalo bank employee has pleaded guilty to grand larceny, identity theft, and a scheme to defraud after operating a credit …
Ukraine’s banking system remains resilient despite war, says central bank governor
LVIV – Ukraine’s central bank governor Kyrylo Shevchenko said on Thursday the Ukrainian banking and financial system remained resilient amid Russia’s invasion and had been …
Exclusive – Russian firms rush to open Chinese bank accounts as sanctions bite – sources
By Samuel Shen and Andrew Galbraith SHANGHAI – The Moscow branch of a Chinese state bank has seen a surge in enquiries from Russian firms …
Russia central bank increases capital of reinsurance firm specialising in sanctions risk
MOSCOW – Russia’s central bank on Thursday said it was increasing the capital of affiliated reinsurance firm AO RNPK, which specialises in providing protection against …
World Bank halts all programs in Russia, Belarus
By Andrea Shalal WASHINGTON -The World Bank said on Wednesday it had stopped all programs in Russia and Belarus with immediate effect, following the Russian …
Wells Fargo’s head of communications, branding leaving bank
NEW YORK – Wells Fargo & Co’s head of communications and brand management, Barri Rafferty, is leaving the bank in May, a spokesperson confirmed on …
Mexico central bank says Ukraine crisis could spur new inflation
By Adriana Barrera MEXICO CITY – Mexico’s central bank on Wednesday said pandemic shocks on inflation have been deeper and longer lasting than expected, and …
Lebanon’s Bank Audi says UK court order will leave some depositors out of pocket
BEIRUT – Complying with a London court order requiring Lebanon’s Bank Audi and SGBL to pay a depositor $4 million of money stuck in the …
Russian banking liquidity shortage widens to 7 trillion roubles, central bank says
MOSCOW – The Russian banking system’s liquidity shortage widened to 6.9 trillion roubles ($68.25 billion) on Wednesday, the central bank said, up from 5.4 trillion …
Russian central bank to hold daily auctions to help banks manage liquidity
MOSCOW – Russia’s central bank said on Wednesday that it would hold daily 3 trillion rouble ($28.31 billion) repo and deposit auctions to help lending …
Recently Released Bank Robber on the Run
Concord, NH – The United States Marshals Service is pleased to announce the safe arrest of fugitive Matthew Gangi. Gangi, 66 years-of-age, was last known …
Task Force Arrests Bank Robbery Suspect
Columbus, OH – United States Marshal Peter Tobin is pleased to announce Lloyd Christian was arrested on May 20, 2021 in Columbus, Ohio. The Jefferson …
Ukraine central bank asks IMF, G7 to limit Russian and Belarussian access
LVIV – The Ukrainian central bank on Wednesday asked the International Monetary Fund and the Group of Seven major economies to limit the participation of …
Bank of Canada seen set to hike for first time since 2018
By Julie Gordon OTTAWA – The Bank of Canada is poised to hike its key overnight interest rate for the first time in three years …
Russian central bank temporarily suspends international transfers by some foreign entities
MOSCOW – Russia’s central bank said on Wednesday it was temporarily suspending transfers by foreign legal entities and individuals from several countries to accounts abroad. …
Russia’s Nabiullina tells central bank staff: we hoped not to face extreme economic situation
MOSCOW – Russia’s Central Bank Governor Elvira Nabiullina said Russia’s economy had come up against an extreme situation, something she said they had all hoped …
San Francisco Police Make Arrest in Bank Robbery Series 22-018(a)
Beginning on January 25, 2022, a series of bank robberies began occurring in the City of San Francisco. The robberies followed a similar modus operandi …
Hungary central bank ready to act ‘at any moment’ to shore up markets
By Gergely Szakacs BUDAPEST – The National Bank of Hungary (NBH) is ready to intervene “at any moment” with all tools at its disposal to …
Bank of Italy says it is ending COVID-related relief measures for banks
MILAN – The Bank of Italy said on Tuesday it would remove a number of relief measures on banking requirements that had been introduced to …
Ukraine’s banking system is running smoothly, say central bank
LVIV – Ukraine’s banking system is running smoothly and banks are replenishing cash machines where possible, central bank governor Kyrylo Shevchenko said in a statement …
Eastern Panhandle woman admits to bank fraud
MARTINSBURG, WEST VIRGINIA – Ana Amesquita, of Kearneysville, West Virginia, has admitted to bank fraud, United States Attorney William Ihlenfeld announced. Amesquita, 26, pleaded guilty …
Malaysia central bank to wait until third quarter to raise rates – Reuters poll
By Devayani Sathyan BENGALURU – Malaysia’s central bank will wait until the third quarter before raising interest rates from a record low to support an …
Australia’s CBA to sell 10% stake in Bank of Hangzhou for $1.31 billion
– Commonwealth Bank of Australia, the country’s No. 1 lender, said it would sell a 10% stake of China’s Bank of Hangzhou for about A$1.8 …
Check And Credit Card Scammer Sentenced to Five Years in Federal Prison for Bank and Wire Fraud
Baltimore, Maryland – U.S. District Judge Stephanie A. Gallagher sentenced Warren Tillery, age 46, of Atlanta, Georgia and previously of Baltimore to five years in …
Lynn Man Sentenced for Bank Fraud Conspiracy and Identity Theft
BOSTON – A Lynn man was sentenced on Friday, Feb. 25, 2022, for his involvement in a scheme to defraud several financial institutions and obtain …
Three Sentenced for Conspiracy to Commit Bank and Wire Fraud
RALEIGH, N.C. – Shawn Franklin, Sabrina Wiggins Branch and Anthony Maryland were each sentenced today to terms of imprisonment for conspiring with one another to …
Charlottesville Woman Pleads Guilty to Bank Fraud, Aggravated Identity Theft
CHARLOTTESVILLE, Va. – A Charlottesville woman pleaded guilty today to altering and forging checks she obtained without the consent of the check owners. Samantha Leigh …
Metro East Man Sentenced to Prison for Bank Fraud Scam
EAST ST. LOUIS, Ill. – Lagardo Wright, 21, of Fairview Heights, Illinois, was sentenced to 27 months in federal prison today for orchestrating a large-scale bank …
Two Pittsburgh-area Men Charged with Robbing PNC Bank in Washington, PA
PITTSBURGH – Two Pittsburgh-area residents have been indicted by a federal grand jury in Pittsburgh on charges of bank robbery, United States Attorney Cindy K. …
Russian central bank reserves: what are they made of?
LONDON – Major Western economies have launched moves to exclude Russian banks from the main global payments system while imposing curbs on Russia’s central bank …
Bank of Ireland posts highest profit in more than a decade
DUBLIN – Bank of Ireland on Monday posted its biggest annual profit since the global financial crisis more than a decade ago and said it …
Russian central bank orders block on foreign clients’ bids to sell Russian securities – document
MOSCOW -Russia’s central bank has ordered professional stock market participants to suspend the execution of all orders by foreign legal entities and individuals to sell …
World Bank may be able to disburse Ukraine aid funds in days – Malpass
By David Lawder WASHINGTON – World Bank President David Malpass said on Sunday the bank may be able to provide Ukraine with more financial resources …
Russian central bank to resume gold purchases on domestic market from Monday
MOSCOW – Russia’s central bank on Sunday said it would resume buying gold on the domestic market from Feb. 28, as it undertakes measures to …
Russian central bank eases caps on banks’ open foreign currency positions
MOSCOW – Russia’s central bank said on Sunday it was temporarily easing restrictions on banks’ open foreign currency positions after the West decided to block …
Russian central bank says repo auction on Monday will have no limit
MOSCOW – Russia’s central bank said on Sunday there would be no limit at a “fine-tuning” repo auction it plans to hold on Monday and …
DeKalb Man Sentenced to 70 Months in Prison for Bank Fraud and Aggravated Identity Theft
PEORIA, Ill. – A DeKalb, Illinois, man, Christopher Simmons, 41, of the 800 block of Edgebrook Drive, was sentenced on February 24, 2022, to concurrent …
Caldwell Woman Sentenced for Bank Fraud
BOISE – A Caldwell woman was sentenced to 12 months and one day in federal prison for bank fraud. According to court records, Melissa A. …
Russian central bank to give banks more cash for ATMs
MOSCOW – Russia’s central bank on Friday said it was increasing the amount of cash it gives to banks to replenish ATM machines, the latest …