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Bank

Emerging markets “much better” able to weather monetary tightening-Indonesia central bank

February 15, 2022
Emerging markets "much better" able to weather monetary tightening-indonesia central bank - photo licensed by shore news network.

JAKARTA – Emerging markets will be able to weather global monetary tightening, including U.S. rate hikes, “much better” this year compared with previous periods of …

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Colombia’s central bank must raise rates in first half to control inflation -IMF

February 15, 2022
Colombia's central bank must raise rates in first half to control inflation -imf - photo licensed by shore news network.

BOGOTA – Colombia’s central bank will have to front load interest rate hikes in the first half of this year in order to get a …

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Gold reserves at Venezuelan central bank down to new 50-year low

February 15, 2022
Gold reserves at venezuelan central bank down to new 50-year low - photo licensed by shore news network.

By Mayela Armas CARACAS – The Venezuelan central bank’s gold reserves dropped seven tonnes last year to a new 50-year low, according to financial statements …

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Private debts pose hidden risk to developing countries, World Bank warns

February 15, 2022February 15, 2022
Private debts pose hidden risk to developing countries, world bank warns - photo licensed by shore news network.

By Andrea Shalal and David Lawder WASHINGTON – Developing countries must quickly strengthen their financial sectors, the World Bank said on Tuesday, warning that rising …

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Gonic Man Pleads Guilty to Bank Robberies

February 15, 2022
Gonic man pleads guilty to bank robberies - photo licensed by shore news network.

            CONCORD – Christopher Kelley, 45, of Gonic, pleaded guilty in federal court to three counts of bank robbery and …

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Essex County Man Sentenced to Four Years in Prison For Conspiring to Steal Mail and Commit Bank Fraud

February 15, 2022

NEWARK, N.J. – An Essex County, New Jersey, man was sentenced today to 48 months in prison for his role in a conspiracy to steal …

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Chicago Attorney Convicted on False Statement and Tax Offenses in Connection With Funds Received From Failed Bank

February 15, 2022

CHICAGO — A federal jury today convicted a Chicago attorney on false statement and tax offenses in connection with funds he received from the failed …

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Philippine central bank to keep steady hand on policy lever until Q4’22 – Reuters poll

February 14, 2022February 14, 2022
Philippine central bank to keep steady hand on policy lever until q4'22 - reuters poll - photo licensed by shore news network.

By Md Manzer Hussain BENGALURU – The Philippine central bank will wait until the end of the year before raising interest rates from a record …

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Australia’s central bank has goals in sight, just waiting on wages

February 14, 2022February 14, 2022
Australia's central bank has goals in sight, just waiting on wages - photo licensed by shore news network.

By Wayne Cole SYDNEY – Australia’s central bank is closer to meeting its economic goals than it has been for years, but is prepared to …

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Brazil central bank chief says market fears over Lula easing – newspaper

February 14, 2022February 14, 2022
Brazil central bank chief says market fears over lula easing - newspaper - photo licensed by shore news network.

BRASILIA – Brazilian central bank chief Roberto Campos Neto said markets are showing less concern about the possible victory of ex-president Luiz Inácio Lula da …

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Essex County Man Gets 4 years in Prison For Conspiring to Steal Mail and Commit Bank Fraud

February 14, 2022

NEWARK, N.J. – An Essex County, New Jersey, man was sentenced today to 48 months in prison for his role in a conspiracy to steal …

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Suspect Sought in Attempted Bank Robbery in Northwest D.C.

February 14, 2022
Suspect sought in attempted bank robbery in northwest d. C. - photo licensed by shore news network.

WASHINGTON, D.C. – The Metropolitan Police Department Criminal Investigations Division and the FBI Violent Crimes Task Force seeks the public’s assistance in identifying and locating a suspect …

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India files complaint against ABG Shipyard alleging $3 billion bank fraud

February 13, 2022February 13, 2022
India files complaint against abg shipyard alleging $3 billion bank fraud - photo licensed by shore news network.

By Nidhi Verma NEW DELHI – India’s federal investigation agency has filed a police complaint against ABG Shipyard Ltd and its promoters accusing it of …

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TD Bank freezes two accounts that received C$1.4 million in support of Canada protests

February 13, 2022February 12, 2022
Td bank freezes two accounts that received c$1. 4 million in support of canada protests - photo licensed by shore news network.

By Nichola Saminather TORONTO -Toronto-Dominion Bank has frozen two personal bank accounts into which C$1.4 million ($1.1 million) had been deposited to support protesters fighting …

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Afghan central bank says U.S. plan for frozen funds an ‘injustice’

February 12, 2022February 12, 2022
Afghan central bank says u. S. Plan for frozen funds an 'injustice' - photo licensed by shore news network.

KABUL – Afghanistan’s central bank on Saturday criticised Washington’s plan to use half the bank’s $7 billion in frozen assets on U.S. soil for humanitarian …

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FBI searching for a suspect who robbed the same Philadelphia bank four times since January

February 11, 2022
Fbi searching for a suspect who robbed the same philadelphia bank four times since january - photo licensed by shore news network.

PHILADELPHIA, PA – The FBI/PPD Violent Crimes Task Force is seeking the public’s assistance to identify and locate the subject responsible for four robberies at …

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Jackson Man Sentenced to 5 Years in Prison for Bank Robbery

February 11, 2022
Jackson man sentenced to 5 years in prison for bank robbery - photo licensed by shore news network.

Jackson, Miss. – A Jackson man was sentenced to 60 months in federal prison for bank robbery, announced U.S. Attorney Darren LaMarca and Special Agent …

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Customers sue Bank of America for not refunding overdraft fees during pandemic

February 11, 2022February 10, 2022
Customers sue bank of america for not refunding overdraft fees during pandemic - photo licensed by shore news network.

By Elizabeth Dilts Marshall NEW YORK – Bank of America Corp is facing a lawsuit seeking class action status filed on Thursday by two customers …

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Mexico central bank hikes key rate, still hawkish under new leadership

February 10, 2022February 10, 2022
Mexico central bank hikes key rate, still hawkish under new leadership - photo licensed by shore news network.

MEXICO CITY -Mexico’s central bank on Thursday raised its benchmark interest rate as expected by 50 basis points to 6.00%, a sixth straight rate increase, …

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Albuquerque man will remain detained on bank robbery charge

February 10, 2022
Albuquerque man will remain detained on bank robbery charge - photo licensed by shore news network.

ALBUQUERQUE, N.M. – Jason Scott Deane, 57, of Albuquerque, appeared in federal court on Feb. 4 for a preliminary and detention hearing on a charge …

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Serial Bank Robber Sentenced to 10 Years’ Imprisonment in Brooklyn Federal Court

February 10, 2022
Serial bank robber sentenced to 10 years’ imprisonment in brooklyn federal court - photo licensed by shore news network.

Earlier today, in federal court in Brooklyn, Gerod Woodberry was sentenced by United States District Judge Dora L. Irizarry to 10 years’ imprisonment for a …

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Pittsburgh Man Pleads to Bank Robbery and Attempted Bank Robbery

February 10, 2022
Pittsburgh man pleads to bank robbery and attempted bank robbery - photo licensed by shore news network.

PITTSBURGH, Pa. – A resident of Allegheny County, Pennsylvania, pleaded guilty in federal court in Pittsburgh, Pennsylvania, to charges of Bank Robbery and Attempted Bank …

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Woman Indicted for Serial Bank Robbery

February 10, 2022
Woman indicted for serial bank robbery - photo licensed by shore news network.

A Dallas woman has been indicted for committing a string of bank robberies, announced U.S. Attorney for the Northern District of Texas Chad E. Meacham. …

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Webster Woman Charged with Theft, Embezzlement, and Misapplication by Bank Employee

February 10, 2022February 9, 2022
Webster woman charged with theft, embezzlement, and misapplication by bank employee - photo licensed by shore news network.

United States Attorney Dennis R. Holmes announced that a Webster, South Dakota, woman has been indicted by a federal grand jury for Theft, Embezzlement, and …

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Fed’s Bowman: keeping ‘open mind’ on central bank digital currency

February 9, 2022
Fed's bowman: keeping 'open mind' on central bank digital currency - photo licensed by shore news network.

By Ann Saphir – Federal Reserve Governor Michelle Bowman said Wednesday said she is “trying to keep an open mind” about the usefulness of a …

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Bank of Portugal chief sees balanced budget in reach again soon

February 9, 2022
Bank of portugal chief sees balanced budget in reach again soon - photo licensed by shore news network.

By Sergio Goncalves LISBON – Portugal’s government can return to a balanced budget between 2022 and 2023, if it wants, taking advantage of a robust …

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Madison Man Sentenced to 6 Months in Prison for Embezzlement by a Bank Officer

February 9, 2022
Madison man sentenced to 6 months in prison for embezzlement by a bank officer - photo licensed by shore news network.

Jackson, Miss.  – A Madison man was sentenced to 6 months in prison for embezzlement by a bank officer, announced U.S. Attorney Darren LaMarca and …

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Main Line Businessman Sentenced to Over Six Years for $21 Million Bank Fraud, Tax Evasion

February 9, 2022
Main line businessman sentenced to over six years for $21 million bank fraud, tax evasion - photo licensed by shore news network.

PHILADELPHIA – United States Attorney Jennifer Arbittier Williams announced that Christopher Hogg, age 63, of Gladwyne, PA, was sentenced to six years and three months …

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Bank CEO Stephen M. Calk Sentenced To One Year And One Day For Corruptly Soliciting A Presidential Administration Position In Exchange For Approving $16 Million In Loans

February 8, 2022
Bank ceo stephen m. Calk sentenced to one year and one day for corruptly soliciting a presidential administration position in exchange for approving $16 million in loans - photo licensed by shore news network.

Damian Williams, the United States Attorney for the Southern District of New York, announced today that STEPHEN M. CALK was sentenced to one year and …

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Pressure on Bank Indonesia to raise rates, but will not until Q3’22- Reuters Poll

February 7, 2022February 7, 2022
Pressure on bank indonesia to raise rates, but will not until q3'22- reuters poll - photo licensed by shore news network.

By Shaloo Shrivastava BENGALURU – Indonesia’s central bank will raise rates faster than thought just a month ago as concerns mount about a weaker rupiah …

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Bank of America CEO’s pay rises more than 30% for 2021

February 4, 2022
Bank of america ceo's pay rises more than 30% for 2021 - photo licensed by shore news network.

NEW YORK -Bank of America Corp Chief Executive Brian Moynihan’s total compensation for 2021 rose by $7.5 million, or more than 30%, a regulatory filing …

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Analysis-Central bank balance of power shift raises policy error risk

February 4, 2022
Analysis-central bank balance of power shift raises policy error risk - photo licensed by shore news network.

By Balazs Koranyi and William Schomberg FRANKFURT/LONDON – In just a few short weeks, the balance of power at the world’s top central banks has …

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Deutsche Bank advises clients to buy euros after ECB hawkish pivot

February 3, 2022
Deutsche bank advises clients to buy euros after ecb hawkish pivot - photo licensed by shore news network.

LONDON – Deutsche Bank closed its short trade on the euro and recommended clients to enter into a long euro/dollar trade on Thursday after the …

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Bank of England poised to act under new inflation strain

February 3, 2022
Bank of england poised to act under new inflation strain - photo licensed by shore news network.

By Andy Bruce LONDON – Facing pressure to curb surging inflation, the Bank of England looks set to raise interest rates again on Thursday and …

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Analysis-Investors bank on real yields to boost dollar in months ahead

February 3, 2022
Analysis-investors bank on real yields to boost dollar in months ahead - photo licensed by shore news network.

By Saqib Iqbal Ahmed NEW YORK – The dollar’s choppy start to the year has not dissuaded some investors from betting the U.S. currency will …

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Raskin tells Senate it is not Fed’s job to prescribe bank lending

February 2, 2022
Raskin tells senate it is not fed's job to prescribe bank lending - photo licensed by shore news network.

By Pete Schroeder WASHINGTON – Sarah Bloom Raskin, President Joe Biden’s pick to lead the Federal Reserve’s regulatory work, plans to tell lawmakers she does …

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Former Bank Branch Manager Pleads Guilty To Tech Support Fraud Scheme That Exploited The Elderly

February 2, 2022
Former bank branch manager pleads guilty to tech support fraud scheme that exploited the elderly - photo licensed by shore news network.

Damian Williams, the United States Attorney for the Southern District of New York, announced that defendant ARIFUL HAQUE pleaded guilty today to participating in a …

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Portland Woman Sentenced to Federal Prison for Role in Bank Fraud Scheme

February 1, 2022
Portland woman sentenced to federal prison for role in bank fraud scheme - photo licensed by shore news network.

PORTLAND, Ore.—A Portland woman was sentenced to federal prison today for her role in a fraud scheme whereby she and a co-conspirator stole mail from …

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Manchester Man Indicted for Bank Robbery

February 1, 2022
Manchester man indicted for bank robbery - photo licensed by shore news network.

           CONCORD –Joshua Fields, 39, of Manchester was indicted by a federal grand jury on Monday and charged with bank robbery, …

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Australia’s central bank ends bond buying, in no rush to hike rates

January 31, 2022
Australia's central bank ends bond buying, in no rush to hike rates - photo licensed by shore news network.

By Wayne Cole SYDNEY – Australia’s central bank kept its cash rate at a record low of 0.1% on Tuesday and ended its A$275 billion …

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Jamaica digital currency due for national roll-out in coming months – central bank

January 31, 2022January 31, 2022
Jamaica digital currency due for national roll-out in coming months - central bank - photo licensed by shore news network.

By Kate Chappell KINGSTON – Jamaica will roll out its digital currency across the country in the first quarter of this year as part of …

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New Orleans Man Indicted for Christmas Eve Bank Robbery

January 29, 2022
New orleans man indicted for christmas eve bank robbery - photo licensed by shore news network.

NEW ORLEANS – U.S. Attorney Duane A. Evans announced that DEVIN CHANEY, age 32, was charged today in a two-count indictment with one count for …

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Former Go Cedar Rapids Executives Plead Guilty to Bank Fraud

January 28, 2022
Former go cedar rapids executives plead guilty to bank fraud - photo licensed by shore news network.

Doug Hargrave, age 55, from Puyallup, Washington, pled guilty on January 26, 2022, in federal court in Cedar Rapids.  Aaron McCreight, age 47, from Dothan, …

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Albuquerque man faces charge of bank robbery

January 27, 2022
Albuquerque man faces charge of bank robbery - photo licensed by shore news network.

ALBUQUERQUE, N.M. – Andres Manuel Castro Aragon, 29, of Albuquerque, made an initial appearance in federal court today facing a charge of bank robbery. He …

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Bank robber assaulted deputies after being discharged from hospital

January 27, 2022
Bank robber assaulted deputies after being discharged from hospital - photo licensed by shore news network.

SILVER SPRING, MD – On Tuesday, January 25, at approximately 6:15 p.m., the Montgomery County Police Emergency Communications Center (ECC) received a call advising that …

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Pennsylvania Man Admits Bank Fraud Conspiracy that Operated in South Jersey and Southeastern Pennsylvania

January 27, 2022

CAMDEN, N.J. – A Pennsylvania man today admitted his role in a bank fraud conspiracy that targeted 12 financial institutions in southern New Jersey and …

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Former Government Employee Admits to Stealing Identities of 37 Individuals in Bank and Loan Fraud Scheme

January 26, 2022
Former government employee admits to stealing identities of 37 individuals in bank and loan fraud scheme - photo licensed by shore news network.

Assistant U. S. Attorney Michelle L. Wasserman (619) 546-8431 NEWS RELEASE SUMMARY – January 26, 2022 SAN DIEGO – Kevin Lee of Chula Vista pleaded …

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Portland Man Pleads Guilty to Bank Fraud After Stealing Covid-Relief Funds

January 26, 2022
Portland man pleads guilty to bank fraud after stealing covid-relief funds - photo licensed by shore news network.

PORTLAND, Ore.—A Portland man pleaded guilty today for perpetrating a scheme to steal funds intended to help small businesses during the COVID-19 pandemic. Benjamin Tifekchian, …

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Police seeking to identify Griswold bank robber

January 25, 2022
Police seeking to identify griswold bank robber - photo licensed by shore news network.

GRISWOLD, CT – Connecticut State Police are seeking to identify a suspect for a bank robbery in Griswold on Tuesday. At approximately 3:00 pm, Troop …

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Weymouth Man Pleads Guilty to Bank Fraud Conspiracy and Identity Theft

January 21, 2022

BOSTON – A Weymouth man pleaded guilty yesterday to his involvement in a scheme to defraud a financial institution and to obtain money from its …

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