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…
Clarksville Auto Dealer Charged With Bank Fraud
NASHVILLE – A Clarksville, Tennessee, auto dealer was charged today with bank fraud, resulting from a fraudulent scheme in which he obtained loans from several credit unions for the same vehicles, announced…
Bank Robber Found Guilty Following Federal Trial
Miami, Florida – A Miami federal jury found David Franklin Lee, 60, of Miami, guilty of attempted bank robbery, following a three-day trial, before U.S. District Judge Marcia G. Cooke. According to…
Former Dickinson, ND, Resident Sentenced to Federal Prison for Bank Fraud, Aggravated Identity Theft, and Possession of Stolen Mail
BISMARCK – Interim United States Attorney Nicholas W. Chase announced that U.S. District Court Judge Daniel L. Hovland sentenced Ryan Gregory Lee, Age 43, from Little Elm, Texas, to 4 years in…
Romanian National Sentenced to Five Years in Federal Prison for Bank Fraud and Wire Fraud Conspiracy Related to a Scheme to Steal Checks Intended for Religious Institutions from the Mail
Greenbelt, Maryland – U.S. District Judge Theodore D. Chuang sentenced Romanian national Mateus Vaduva, age 29, of Baltimore, Maryland, and Florida yesterday to five years in federal prison, followed by five years…
Founders Of Cryptocurrency Exchange Plead Guilty To Bank Secrecy Act Violations
Damian Williams, the United States Attorney for the Southern District of New York, announced that Arthur Hayes and BENJAMIN DELO, founders and executives of purportedly “off-shore” cryptocurrency derivatives exchange the Bitcoin Mercantile…
Ukraine central bank bans payments to Russia, Belarus
KYIV – Ukraine’s central bank has banned payments to entities in Russia and Belarus as well as operations involving both nations’ currencies, the regulator said on Friday, a day after Russia launched…
China central bank makes biggest weekly cash injection since Jan 2020
BEIJING – China’s central bank made the biggest weekly cash injection in more than two years this week to maintain stable liquidity conditions towards the month-end. The People’s Bank of China (PBOC)…
World Bank preparing finance options for Ukraine -Malpass
WASHINGTON – World Bank President David Malpass said on Thursday the lender stands ready to provide immediate support to Ukraine amid “shocking violence and loss of life,” and is preparing options for…
Russian central bank pledges support to sanctions-hit banks, promises to honor forex deposits
MOSCOW – Russia’s central bank is ready to support banks hit by Western sanctions, it said on Friday, promising to provide them with rouble and foreign exchange liquidity while saying claims to…
Sanctions could complicate Citigroup sale of Russian consumer bank -sources
By David Henry and Matt Scuffham NEW YORK – The sale of Citigroup’s Russian consumer bank could be complicated by U.S. sanctions on Russian state bank VTB, the only publicly confirmed bidder,…
Brazil central bank prepared to act in FX market in case of disproportionate contamination
By Marcela Ayres BRASILIA – Brazil’s central bank said it is prepared to act in the exchange market in case of disproportionate contamination on prices, highlighting it is paying close attention to…
Russian central bank raises limit on banks’ outstanding debt under repo to $50 billion
MOSCOW – The Russian central bank on Thursday said it was raising the ceiling for banks’ outstanding debt under repo auctions to $50 billion from $15 billion as part of measures to…
Mexico core price inflation at 20-year high, underscoring central bank challenges
MEXICO CITY – Mexican core price inflation in the first half of February climbed to levels not seen in over 20 years, according to official data published on Thursday, underscoring the challenges…
Bank of England will fight inflation in a “measured way”, Pill says
LONDON – Bank of England Chief Economist Huw Pill said the British central bank will seek to bring fast-rising inflation down in a “measured way” and one “that doesn’t disturb the rest…
Hungary central bank raises one-week deposit rate by 30 bps to 4.6%
BUDAPEST – Hungary’s central bank raised its one-week deposit rate by 30 basis points to 4.6% at a weekly tender on Thursday, as expected, two days after it raised its base rate…
Russian central bank increases daily dollar offer via forex swap to $5 billion
MOSCOW – The Russian central bank increased daily dollars offered via foreign exchange swap operations with banks to $5 billion from $3 billion, it said on Thursday, as Moscow ordered forces to…
Owner of former Bozeman whiskey distillery admits bank fraud
MISSOULA — The owner of a former whiskey distillery in Bozeman today admitted to defrauding a bank that had loaned him money for the business, U.S. Attorney Leif M. Johnson said. Bryan…
Kazakhstan central bank hikes policy rate amid Ukraine crisis
ALMATY – Kazakhstan’s central bank hiked its policy rate to 13.5% from 10.25% on Thursday as the central Asian nation’s tenge currency sank alongside the Russian rouble after Moscow launched attacks on…
Czech central bank vice-gov says Ukraine crisis will have inflationary effect
PRAGUE – The crisis around Ukraine will have an inflationary effect on the Czech economy via higher energy prices, the central bank vice-governor Tomas Nidetzky was quoted as saying on Thursday. Nidetzky…
Bank of Canada March interest rate hike a done deal, say economists: Reuters poll
By Shrutee Sarkar BENGALURU – The Bank of Canada will raise interest rates by 25 basis points on March 2, earlier than previously thought and ahead of the U.S. Federal Reserve, according…
HSBC ‘not looking to acquire’ Citi’s Mexico consumer bank
MEXICO CITY – Executives for London-based HSBC, which controls one of the largest banking operations in Mexico, have told investors the chain is not interested in buying out Citigroup’s consumer bank in…
Bank of England reviews staff financial rules after Fed ethics scandal
LONDON – The Bank of England is conducting an internal review into its policy on officials’ personal financial dealings, in the wake of an ethics scandal that shook the U.S. Federal Reserve.…
First Abu Dhabi Bank set to sell $500 million sukuk
By Yousef Saba DUBAI -First Abu Dhabi Bank, the United Arab Emirates’ largest lender, is set to sell $500 million in senior unsecured Islamic bonds at 75 basis points over U.S. Treasuries,…
IMF urges Bank of England to be clear about stimulus plans
By Andy Bruce LONDON – The International Monetary Fund told the Bank of England on Wednesday to be clear about its plans to withdraw stimulus for Britain’s economy, following criticism of the…
Queens Man Admits Orchestrating $653 Million Money Laundering Conspiracy, Operating Unlicensed Money Transmitting Business, and Bribing Bank Employees
NEWARK, N.J. – A Queens, New York, man today admitted his role in coordinating a $653 million money laundering conspiracy, operating an unlicensed money transmitting business, and bribing bank employees in connection…
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