New Jersey Migrant Who Killed Mother in Child in DWI Crash Nearly Hit Red Bank Cop Head On Weeks Prior
Red Bank, NJ – An undocumented immigrant (illegal alien) accused of killing a mother and her 11-year-old daughter in a DWI crash was released by New Jersey judges three times in four…
San Diego Man Admits Bank, Tax Fraud
NEWS RELEASE SUMMARY – December 4, 2023 SAN DIEGO – Alvin Pates of San Diego pleaded guilty in federal court today to bank and tax fraud charges, admitting that he participated in…
Attempted Robbery at Williamsport Bank, Suspect Flees Scene
WILLIAMSPORT, PA – On Thursday, at 3:07 PM, the Williamsport Bureau of Police responded to an attempted robbery at the Woodlands Bank Branch on 1980 W 4th St. The suspect, a white…
Irish central bank: EU to adopt broader approach to boost capital market
By Huw Jones LONDON (Reuters) – Private finance has a key role to play in deepening the European Union’s capital market to boost investment, with the bloc’s finance ministers turning to “bottom…
Alpha Bank, Piraeus Bank profits up on higher interest rates
By Lefteris Papadimas ATHENS (Reuters) – Alpha Bank and Piraeus Bank reported on Friday a jump in profits for the first nine months of 2023 as higher rates boosted net interest income…
Rise in “Bank Jugging” Incidents Prompts Warning from Sheriff’s Office
CUMBERLAND, MD — Allegany County Sheriff’s Office has issued a warning concerning a surge in “Bank Jugging” robberies within and around the state. Victims, after withdrawing cash from banks or ATMs, are…
World Bank, multilateral development banks jointly seek to boost lending power
MARRAKECH, Morocco (Reuters) – The World Bank on Friday said it is bolstering collaboration with nine multilateral development banks (MDBs) to accelerate its vision of a liveable planet free of poverty. It…
Russian central bank: High rates likely needed throughout 2024
By Elena Fabrichnaya MOSCOW (Reuters) -Russia will probably need to keep interest rates high throughout 2024, the Bank of Russia’s Deputy Governor Alexei Zabotkin said on Tuesday, addressing the upper house of…
Yellen says she trusts IMF, World Bank, Morocco to adjust annual meetings after disaster
By David Lawder NEW YORK (Reuters) – U.S. Treasury Secretary Janet Yellen said on Tuesday that she trusts the leaders of the World Bank and the International Monetary Fund to adjust their…
‘BRICS bank’ issues first South African rand bonds
By Rachel Savage JOHANNESBURG (Reuters) – The development bank founded by the so-called BRICS countries closed the auction for its first South African rand bonds on Tuesday, as it comes under pressure…
India’s ‘bad bank’ sees loan transfers dwindle on valuation, liability woes -sources
By Siddhi Nayak MUMBAI (Reuters) – India’s so-called ‘bad bank’ set up to buy legacy stressed loans from the country’s lenders has seen such purchases grind to a standstill recently due to…
Biden EPA Launches $20 Billion ‘Green Bank’ Before GOP Can Repeal Funding
Biden EPA Launches $20 Billion ‘Green Bank’ Before GOP Can Repeal Funding John Hugh DeMastri on July 14, 2023 The Biden administration’s Environmental Protection Agency (EPA) announced a $20 billion funding push…
Argentina announces over $1 billion in credit from World Bank, IDB
BUENOS AIRES (Reuters) – The World Bank and the Inter-American Development Bank (IDB) will provide Argentina with funds totaling over $1 billion, the South American nation’s economy ministry said on Wednesday, adding…
Erdogan names Erkan to head Turkey central bank, policy pivot expected
By Daren Butler and Jonathan Spicer ISTANBUL (Reuters) -President Tayyip Erdogan on Friday appointed Hafize Gaye Erkan, a finance executive in the United States, to head Turkey’s central bank, which is widely…
Who is Greg Becker, the former head of failed Silicon Valley Bank?
By Hannah Lang (Reuters) – Greg Becker, the former chief executive officer of Silicon Valley Bank, is set to appear before the U.S. Congress on Tuesday, two months after the collapse of…
Philippine central bank: April annual inflation likely in 6.3%-7.1% range
MANILA (Reuters) – Philippine annual inflation in April was expected to come in between 6.3% and 7.1%, with downward pressure from lower electricity rates and a decline in prices of fish and…
FDIC retains BlackRock unit for Signature Bank, SVB securities portfolio sale
(Reuters) – The Federal Deposit Insurance Corporation (FDIC) has retained BlackRock Inc unit Financial Market Advisory to sell the securities portfolios it kept in receivership after the collapse of Signature Bank and…
Philippine central bank: March annual inflation likely in 7.4%-8.2% range
MANILA (Reuters) – Philippine annual inflation in March was expected to come in between 7.4% and 8.2%, with downward pressure seen from lower prices of petroleum and some food items, the central…
Biden Admin In Talks To Potentially Bail Out A Third Bank: REPORT
Biden Admin In Talks To Potentially Bail Out A Third Bank: REPORT John Hugh DeMastri on March 22, 2023 The U.S. government is considering backing a potential deal to rescue the struggling…
Philippine central bank: local banking system remains safe and sound
MANILA (Reuters) – The Philippine central bank said on Friday that the local banking system remains safe and sound, amid concerns over the potential for contagion stemming from banking turmoil affecting some…
Biden Admin Shot Down Purchase Attempts For Failed Bank, Former Trump Official Says
Biden Admin Shot Down Purchase Attempts For Failed Bank, Former Trump Official Says Harold Hutchison on March 13, 2023 A former economic adviser to former President Donald Trump said Monday that the…
Biden’s ‘Climate Bank’ Bailout Bolsters Green Firms Poised To Rake In Federal Subsidies
Biden’s ‘Climate Bank’ Bailout Bolsters Green Firms Poised To Rake In Federal Subsidies John Hugh DeMastri on March 13, 2023 The Biden administration’s Sunday decision to guarantee the deposits of all clients…
U.S. Treasury says Silicon Valley Bank, Signature Bank ‘not being bailed out’
WASHINGTON (Reuters) – New policies adopted on Sunday by U.S. banking regulators will “wipe out” equity and bondholders in Silicon Valley Bank and Signature Bank of New York while protecting all customer…
Moody’s downgrades credit ratings on Silicon Valley Bank, SVB Financial
(Reuters) – Rating’s agency Moody’s on Friday downgraded the ratings of SVB Financial Group and its bank subsidiary, Silicon Valley Bank. Moody’s slashed its credit ratings on Silicon Valley Bank’s long-term local…
Russian central bank: Economic activity, inflationary pressure rose in Jan-Feb
MOSCOW (Reuters) – Russian economic activity rose in January-February but inflationary pressure also increased, the central bank said on Tuesday, adding that this could warrant a tighter monetary policy. The bank, whose…
Indonesia central bank: U.S. rates may rise further; stance on local rates stays
JAKARTA (Reuters) – Bank Indonesia Governor Perry Warjiyo said on Thursday the Federal Reserve may continue raising U.S. interest rates until June, but while the monetary tightening would strengthen the dollar his…
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