Lima woman banks $108K after Monopoly windfall
LIMA, OH — A local woman scored big this week after winning the $150,000 top prize on the Ohio Lottery’s Monopoly Bonus Spectacular 25X scratch-off … Read more
banks
Buffalo man admits to defrauding banks of nearly $500,000
BUFFALO, N.Y. — A former Buffalo resident pleaded guilty on Tuesday to orchestrating a scheme that defrauded two banks out of nearly half a million … Read more
Red Bank’s 76th Annual Halloween Parade Set to Thrill
RED BANK, NJ – The much-loved Red Bank Halloween Parade returns for its 76th year on Sunday, October 20, 2024, bringing together local families, community … Read more
Community Events to Support Local Food Banks
Bridgewater, NJ – The Somerset County community is invited to contribute to local food banks by donating canned and non-perishable food items at upcoming E-Waste … Read more
EXCLUSIVE: Jim Banks Demands Pentagon Hand Over Stats That Could Debunk COVID-19 Vax Argument
Republican Rep. Jim Banks of Indiana demanded the Pentagon give updated data on diseases rates that could show whether COVID-19 or the vaccine caused the … Read more
Woman Charged with Robbing Waterbury and Bristol Banks in February
Vanessa Roberts Avery, United States Attorney for the District of Connecticut, and Robert Fuller, Special Agent in Charge of the New Haven Division of the … Read more
IRS sues FDIC over Silicon Valley Bank’s $1.4 billion tax debt
By Dietrich Knauth (Reuters) – The U.S. Internal Revenue Service on Tuesday sued the Federal Deposit Insurance Corporation, asking a judge to determine how much … Read more
Real estate pain for US regional banks is piling up, say investors
(Adds graphic) By Carolina Mandl, Matt Tracy and Saeed Azhar NEW YORK/WASHINGTON (Reuters) -New York Community Bancorp’s exposure to commercial real estate has intensified investor … Read more
Iraq bans 8 local banks from US dollar transactions
By Timour Azhari BAGHDAD (Reuters) – Iraq has banned eight local commercial banks from engaging in U.S. dollar transactions, taking action to reduce fraud, money … Read more
China’s major state banks defend yuan as stock markets slide – sources
(Reuters) – China’s major state-owned banks were heavy sellers of dollars on Wednesday, three people with direct knowledge of their activity said, steadying the yuan … Read more
Czech central bank’s Holub says bigger rate cut possible in Feb -Bloomberg News
(Reuters) – Czech policymakers could consider accelerating the pace of interest rate cuts as inflation ebbs to “relatively standard” levels, Czech National Bank (CNB) board … Read more
European banks’ strong run faces major test with earnings
By Tom Sims, Jesús Aguado and Valentina Za FRANKFURT/MADRID/MILAN (Reuters) – European banks’ run of soaring profits and record shareholder payouts faces a big test … Read more
Central banks navigate tricky path from rate hikes to cuts
LONDON (Reuters) – Major central banks have likely come to the end of what has been the most aggressive tightening cycle in decades, but some … Read more
BoE says ‘ring fencing’ capital rules for retail banks need no big overhaul
By Huw Jones LONDON (Reuters) -The Bank of England said on Thursday that its rules requiring banks to “ring fence” their retail arms with bespoke … Read more
Indian banks urge return to call option valuation for perpetual bonds – sources
By Dharamraj Dhutia, Nikunj Ohri and Jayshree P Upadhyay MUMBAI (Reuters) – Indian lenders have suggested that investments in perpetual bonds issued by banks should … Read more
EU watchdog to deepen examination of how banks prepare for rate shifts
By Huw Jones LONDON (Reuters) – Banks in the European Union face closer scrutiny of how they assess the impact of interest rate changes on … Read more
Euro zone banks expect small bounce in loan demand – ECB poll
FRANKFURT (Reuters) -Euro zone banks expect a small rebound in the demand for mortgages and corporate loans for the first time in two years as … Read more
BIS chief says central banks on cusp of holy grail: a soft landing
FRANKFURT (Reuters) – The world’s biggest central banks may be on the verge of securing the holy grail of monetary policy: an economic soft landing, … Read more
Somerset Patriots and Local Businesses Donate $25,000 to Support Somerset County Food Banks
BRIDGEWATER, NJ – In a significant community effort, the Somerset Patriots, along with Clinton Honda and Land Rover Princeton, have donated $25,000 to four Somerset … Read more
US regional banks get solid welcome for new bonds
By Matt Tracy (Reuters) – Two major U.S. regional banks raised a total $4.75 billion selling bonds on Thursday, on the back of strong demand … Read more
China allows more foreign banks to play lead role in debt underwriting
By Selena Li HONG KONG (Reuters) – China has granted six foreign banks licences allowing them to act as lead underwriters for debt issues in … Read more
M&T Bank’s profit plunges on FDIC fee-related expense, costly deposits
(Reuters) – M&T Bank’s fourth-quarter profit plummeted 37% on Thursday, due to higher deposit costs and a special assessment fee the lender has to pay … Read more
Marketmind: Central banks play patience game
A look at the day ahead in European and global markets from Rae Wee The light economic data calendar in Europe on Thursday means the … Read more
Vietnam tightens limits on investors’ stakes in banks
HANOI (Reuters) – Vietnam’s legislature on Thursday approved new rules that lower the maximum stake investors can hold in domestic banks, a move aimed at … Read more
UBS chairman sees possible ‘upside’ to bank’s return on equity target
ZURICH (Reuters) – UBS’s return on equity may be higher than currently expected, once the integration of its former rival, Credit Suisse, has been completed, … Read more
UBS lifts 2024 year-end S&P 500 target to 5,150, tops big banks
(Reuters) – UBS Global Research increased its year-end target for the S&P 500 on Tuesday to 5,150, marking the highest projection among major global banks … Read more
Hedge fund shorts on banks and financials reach 4-month peak- Goldman
By Nell Mackenzie LONDON (Reuters) – Global hedge funds kicked off the largest net selling of U.S. financial stocks in 16 weeks just as earning … Read more
South Korea says it will impose fines on two global banks for short-selling violations
SEOUL (Reuters) – South Korea’s financial regulator on Sunday said it plans to impose penalties on two unnamed global investment banks it is investigating. The … Read more
Marketmind: Crude shrugs at Yemen strikes, banks report
A look at the day ahead in U.S. and global markets from Mike Dolan Much like the slightly peculiar debt market nonchalance after December’s sticky … Read more
Spain’s High Court annuls $100 million in fines for four big Spanish banks
MADRID (Reuters) – Spain’s High Court has annulled 91 million euros ($100 million) of fines imposed on four Spanish banks, including Santander and BBVA, for … Read more
Renault banks on new models, Megane price cut to fight off Tesla in France
By Gilles Guillaume PARIS (Reuters) – Renault is banking on new models and a price cut for its Megane model to help in its battle … Read more
Cen banks to intervene more in bond markets; regulation needs review – ICMA study
(Reuters) – Central banks will have to intervene more frequently in government bond markets and policymakers should review prudential regulation to make the market more … Read more
Banks should increase use of ‘discount window’ to prevent crises -expert group
(Reuters) – Commercial banks should prepare to borrow more readily from central banks to limit contagion in times of stress and discourage runs by depositors, … Read more
Big US banks to headline corporate bond calendar after earnings
By Matt Tracy (Reuters) – U.S. banks are expected to dominate corporate bond issuance following several major players’ earnings on Friday and early next week, … Read more
Argentina government talks peso debt risk with banks as repayments loom
BUENOS AIRES (Reuters) – Argentina’s Economy Minister Luis Caputo discussed with representatives of banks the country’s economic program, including liability management, but no official debt … Read more
Turkish banks trim deposit rates as margins pressured -sources
By Ebru Tuncay ISTANBUL (Reuters) – Some Turkish banks have begun to cut their lira deposit rates to ease pressure on margins, banking sources said, … Read more
Exclusive-China’s state banks act to stem yuan slide onshore and offshore -sources
SHANGHAI/BEIJING (Reuters) – China’s major state-owned banks were active in onshore and offshore foreign exchange markets this week trying to contain the yuan’s slide, four … Read more
Wall Street banks push back expected end of Fed balance sheet drawdown
By Michael S. Derby NEW YORK (Reuters) – Wall Street’s biggest banks shifted ahead of last month’s Federal Reserve meeting toward predicting the U.S. central … Read more
Exclusive-China’s top banks tighten exposure to smaller peers to curb credit risk, sources say
(Reuters) – Some of China’s top banks have sharpened scrutiny of smaller peers’ asset quality and have tightened standards for interbank lending, three sources said, … Read more
US banks’ NIM to remain under pressure despite expected Fed rate cuts – S&P
(Reuters) – U.S. banks whose net interest margins (NIM) have been compressed due to higher funding costs are unlikely to see relief before the end … Read more
Japan banks scramble to beef up asset management business amid govt reform push
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) -The Japanese government’s reform push for the country’s $5 trillion asset management industry has sparked a series … Read more
South Korea banks pledge $1.5 billion for small businesses amid push to share profits
SEOUL (Reuters) – South Korea’s commercial banks will provide 2 trillion won ($1.53 billion) to support small businesses, the organisation representing the lenders said on … Read more
China banks step up sales of bad loans as consumer defaults rise
SHANGHAI/SINGAPORE (Reuters) – Chinese banks are putting bad loans up for sale at a record pace, as regulators push for faster disposal of sour debts … Read more
BofA’s former head of wealth, private bank Keith Banks to retire
By Lananh Nguyen NEW YORK (Reuters) – Bank of America executive Keith Banks, who ran several of its major businesses, will retire at the end … Read more
Argentina new central bank chief to meet banks on Wednesday – sources
By Jorgelina do Rosario BUENOS AIRES (Reuters) – Argentina’s new central bank president Santiago Bausili has invited bank representatives in the country for a meeting … Read more
Marketmind: Rate prospects at risk as central banks meet
A look at the day ahead in European and global markets from Wayne Cole It’s set to be a pivotal week as the Federal Reserve … Read more
Column-Prep for churn as central banks leave runway unlit: Mike Dolan
By Mike Dolan LONDON (Reuters) – Hold on to your hats. Central banks appear in no mind to rehabilitate the forward policy guidance prevalent before … Read more
Factbox-Global investment banks see yuan recovery in second half of 2024
SHANGHAI (Reuters) – Global investment banks see the yuan facing continued downside pressure in the first half of 2024 before turning around over the following … Read more
Banks mask lending to polluters with PR greenwash, ECB blog says
FRANKFURT (Reuters) – Euro zone banks talking the most about climate change are the biggest lenders to polluting industries and use public relations noise to … Read more
World Bank’s Banga calls for record replenishment of fund for poorest countries
By David Lawder (Reuters) – World Bank President Ajay Banga on Wednesday called on member countries to make the next replenishment of the lender’s fund … Read more