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 dollars. Joshua Parra, 32, who now lives…
Turkish central bank signals to banks it may soften measures -bankers
By Nevzat Devranoglu ANKARA (Reuters) – Turkey’s central bank signalled at a meeting with senior bankers that it would respond positively to the banks’ requests to soften some measures which it has…
Sanctions, pressure on foreign banks destabilising Russia’s FX market -central bank
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Pressure on foreign banks operating in Russia and the widening scope of sanctions is aggravating foreign currency settlements in Russia and creating periodic…
Fed lending to banks lowest in latest week since crisis began in March
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve emergency lending to banks fell in the latest week to its lowest level since the banking sector ran into trouble in March.…
Stocks set for range trading as central banks near end game – Reuters poll
By Hari Kishan BENGALURU (Reuters) – Global stock indices will end this year higher than where they started it but most are set to be confined to ranges in coming months even…
New Zealand banks move to processing payments seven days a week
WELLINGTON (Reuters) – The majority of New Zealand bank customers will be able to send and receive local payments seven days a week, starting on Friday, the local payments overseer said. Payments…
Inflation fight risks central banks’ credibility and autonomy, BIS warns
By Marc Jones LONDON (Reuters) – The credibility and independence of central banks around the world is at risk if stubbornly-high global inflation rates are not bought under control, the head of…
Turkish banks restrict credit access amid pre-runoff uncertainty
By Nevzat Devranoglu and Ebru Tuncay ANKARA (Reuters) – Turkish banks have restricted access to some individual loans and postponed decisions on extending corporate loans following new regulations introduced since Sunday’s inconclusive…
‘Were You Aware That SVB Was In Trouble?’: Dem Senator Presses Former SVB CEO On Stock Sales Before Bank’s Failure
‘Were You Aware That SVB Was In Trouble?’: Dem Senator Presses Former SVB CEO On Stock Sales Before Bank’s Failure Jason Cohen on May 16, 2023 Democratic New Jersey Sen. Bob Menendez…
JPMorgan CEO says unlikely to acquire other struggling banks
By Nupur Anand and Niket Nishant NEW YORK (Reuters) – JPMorgan Chase & Co CEO Jamie Dimon said that it is “unlikely” that the bank will acquire any other struggling lender, weeks…
Central banks have lost a degree of trust, ECB’s Makhlouf says
DUBLIN (Reuters) – Central banks around the world have lost a degree of trust and need to rebuild it by explaining their decision making to a wider audience and not just financial…
In the Market: Why US regional banks are doomed to a doom loop
By Paritosh Bansal (Reuters) – Banking regulators have been pushed by market volatility in recent weeks into doing things that they haven’t really wanted to do, like letting the largest U.S. bank…
Police investigating after body washes up on banks of Ohio River
OHIO TWP, PA – On Thursday, the Allegheny County Police Department’s Homicide Unit was notified of a body discovered along the shoreline of the Ohio River near the Neville Chemical Company in…
G7 central banks see need to weigh effects of past rate hikes -BOJ’s Ueda
By Leika Kihara NIIGATA, Japan (Reuters) – Many central bank governors from the Group of Seven (G7) rich nations appeared to feel the impact of past interest rate hikes has yet to…
Yellen expects US regulators to be open to mergers among midsize banks
By Andrea Shalal NIIGATA, Japan (Reuters) – The current banking environment and pressures on earnings of some U.S. regional banks may lead to some concentration in the sector, and regulators will likely…
Italian steelmaker Feralpi invites banks to pitch for IPO role –sources
By Elisa Anzolin and Pablo Mayo Cerqueiro MILAN/LONDON (Reuters) – Italian steelmaker Feralpi Group is sounding out investment banks to arrange a possible initial public offering (IPO), three sources familiar with the…
‘Asleep At The Wheel’: ‘Too-Big-To-Fail’ Banks Are Getting Even Bigger And Economists Are Sounding The Alarm
‘Asleep At The Wheel’: ‘Too-Big-To-Fail’ Banks Are Getting Even Bigger And Economists Are Sounding The Alarm Jason Cohen on May 7, 2023 The largest financial institutions deemed systemically important are expanding even…
FDIC To Slap Banks With New Fees To Cover Bailout Losses: REPORT
FDIC To Slap Banks With New Fees To Cover Bailout Losses: REPORT Jason Cohen on May 5, 2023 The Federal Deposit Insurance Corporation (FDIC) plans to release a proposal to replenish funds…
‘You Should Be Worried’: Fox Business Reporter Warns That Over A Dozen Regional Banks Are ‘Very Impaired’
‘You Should Be Worried’: Fox Business Reporter Warns That Over A Dozen Regional Banks Are ‘Very Impaired’ Harold Hutchison on May 4, 2023 Fox Business reporter Charlie Gasparino said Thursday that multiple…
FDIC plans to hit big banks with fees to refill deposit insurance fund – Bloomberg News
(Reuters) -The U.S. Federal Deposit Insurance Corporation is planning to exempt smaller lenders from kicking in extra money to replenish the government’s bedrock deposit insurance fund, and instead saddle the biggest banks…
Treasury: US banks have ‘substantial’ liquidity, deposit flows are stable
WASHINGTON (Reuters) – The U.S. Treasury Department on Thursday said it was continuing to monitor market developments amid sharp drops in the shares of regional lenders PacWest Bancorp <PACW.O and Western Alliance…
Central banks stick to rate hikes with eye on market turmoil
LONDON (Reuters) – The U.S. Federal Reserve is close to the end of its interest rate hiking cycle, while the European Central Bank on Thursday slowed the pace of its aggressive tightening.…
Adviser to Italy’s Treasury tables proposal for windfall tax on banks
By Giuseppe Fonte ROME (Reuters) – Italy should introduce a tax on banks to claw back extra profits made on the back of rising interest rates that have not been passed on…
Exclusive-EQT sounds out banks to manage LimaCorporate IPO – sources
By Pablo Mayo Cerqueiro and Andres Gonzalez LONDON (Reuters) – Private equity house EQT is weighing options including a possible initial public offering (IPO) for LimaCorporate, the Italian medical devices group it…
Wells Fargo CEO says regional banks are strong, but expects turmoil
By Carolina Mandl and Svea Herbst-Bayliss BEVERLY HILLS, California (Reuters) – Wells Fargo & Co CEO Charlie Scharf said on Tuesday the banking industry is “extremely strong” but added he expects more…
Marketmind: RBA shock hike starts huge week for central banks
A look at the day ahead in European and global markets from Asia markets correspondent Kevin Buckland. The Reserve Bank of Australia kicked off a string of major central bank meetings this…
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