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…
Deutsche Bank warns of peril in borrowing from U.S. banks
By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Germany’s Deutsche Bank has a stark warning to European companies borrowing from U.S. lenders: They will drop you when times get tough. The…
Spanish windfall tax on banks, energy firms clears first hurdle
MADRID (Reuters) – An amended windfall tax proposal for Spanish banks and large energy companies cleared its first hurdle in parliament in the early hours of Friday with the backing of the…
China banks pledge $162 billion in credit to developers, shares rally
By Xie Yu and Ziyi Tang HONG KONG/BEIJING (Reuters) – China’s biggest commercial banks have pledged at least $162 billion in fresh credit to property developers, bolstering recent regulatory measures to ease…
Hungary’s banks stable, profits and lending to fall – central bank
BUDAPEST (Reuters) – Hungary’s banking system is stable and has significant reserves to manage risks, the National Bank of Hungary said on Thursday, adding that banks faced weaker profitability due to government…
Bundesbank warns banks against ‘careless’ payout pledges as economy cools
By Francesco Canepa and Frank Siebelt FRANKFURT (Reuters) – German banks should avoid making multi-year promises to their shareholders despite bumper profits this year as the outlook for the economy is worsening,…
China to provide 200 billion yuan in loans to commercial banks for housing completions
BEIJING (Reuters) – The Chinese central bank will provide 200 billion yuan ($27.92 billion) in loans to six commercial banks for housing completions, deputy central bank governor Pan Gongsheng was quoted as…
Czech central bank’s Mora prefers using rates rather than FX interventions-Seznam Zpravy
PRAGUE (Reuters) – Czech central bank Vice-Governor Marek Mora said on Monday he would favour using interest rates as the primary monetary policy tool to fight high inflation instead of interventions supporting…
Man Charged for Robbing Banks in Arizona and Texas
EL PASO – A federal criminal complaint was filed Thursday charging a Tucson man with bank robbery. According to court documents, Sherman Edward Lester Jr., 45, of Tucson, Arizona, robbed an El…
Euro zone banks to repay 296 billion euros in ECB loans
FRANKFURT (Reuters) – Euro zone banks are set to repay 296 billion euros in multi-year loans from the European Central Bank next week, the ECB said on Friday, in its latest step…
China broadens private pension scheme with new participants, products
SHANGHAI (Reuters) -China broadened its private pension scheme on Friday, allowing qualified banks and wealth companies to start individual pension businesses, and published a list of mutual fund products eligible under a…
Deutsche Bank CEO warns of ‘danger’ of European reliance on foreign banks
FRANKFURT (Reuters) -Deutsche Bank Chief Executive Christian Sewing on Friday warned of the “danger” of European reliance on foreign banks, equating the threat to the region’s dependence on outsiders for energy that…
Banks fund Tenneco buyout after failed sale attempt
By Matt Tracy WASHINGTON (Reuters) – A group of banks led by Bank of America and Citigroup have funded Apollo Global Management’s acquisition of auto parts supplier Tenneco without being able to…
Two Essex County Men Sentenced to Prison for Using Credit Cards and Checks Stolen From U.S. Mail as Part of a Scheme that Attempted to Defraud Banks of Over $1 Million
NEWARK, N.J. – Two Essex County, New Jersey, men were sentenced yesterday and today for their roles in a scheme to steal credit cards, debit cards, and checks from the mail and…
Analysis-Investors expand footprint in commodity trade finance as banks retreat
By Julia Payne, Pratima Desai and Peter Hobson LONDON (Reuters) – Hedge funds have stepped up financing of trade in commodities such as oil, gas, cocoa and copper as banks hit the…
Swedish central bank’s Floden says underlying inflation pressure worrying
STOCKHOLM (Reuters) – A continued rise in underlying inflation is a worry, Swedish central bank Deputy Governor Martin Floden said on Tuesday. Underlying inflation was 7.9% in October compared to a year…
U.S. climate envoy Kerry wants development banks overhaul plan by April
By Valerie Volcovici and Simon Jessop SHARM EL-SHEIKH, Egypt – (Reuters) – U.S. climate envoy John Kerry said on Tuesday he wants to come up with a plan by April to reform…
Mexico central banker Borja says bank’s “synchronization” with the Fed is conditional
MEXICO CITY (Reuters) – The Bank of Mexico’s “synchronization” with the U.S. Federal Reserve on monetary policy is conditional, central bank board member Galia Borja said at an event Monday. (Reporting by…
MICHAEL MCKENNA: Jim Banks Should Be At The Top Of Republicans’ Minds When Considering The Next Whip. Here’s Why
MICHAEL MCKENNA: Jim Banks Should Be At The Top Of Republicans’ Minds When Considering The Next Whip. Here’s Why Michael McKenna on November 13, 2022 One of the more important rituals after…
German regulator calls on banks to increase risk provisions
FRANKFURT (Reuters) -The president of Germany’s financial regulator, Mark Branson, on Monday called on banks to increase their risk provisions while earnings are strong. Branson, speaking at a conference in Frankfurt, praised…
Global debt levels rose ‘substantially’ in 2021 – World Bank’s Malpass
By Andrea Shalal WASHINGTON (Reuters) – Debt levels among low- and middle-income countries rose sharply in 2021, with China accounting for 66% of lending by official bilateral creditors, World Bank President David…
Australian banks ease mortgage norms as property market cools
By Lewis Jackson and Byron Kaye SYDNEY (Reuters) -Two of Australia’s top banks have quietly relaxed some home lending standards, banking and mortgage-broking sources said, despite authorities urging prudence in recent months…
Banks raise Fed terminal rate forecasts after Powell’s hawkish tone
By Caroline Valetkevitch NEW YORK (Reuters) – Investors and strategists are ramping up expectations for how much the Federal Reserve will raise interest rates in its effort to bring down inflation in…
Central banks stay firmly in rate hike mode but slowdown on cards
LONDON (Reuters) – The United States, Australia, Britain and Norway have all raised interest rates this week in the latest sign that central banks remain in tightening mode to contain red-hot inflation.…
Most Gulf central banks raise interest rates after Fed’s move
DUBAI (Reuters) – Most Gulf states said on Wednesday they would increase their key interest rates after the Federal Reserve raised its key policy rate by three-quarters of a percentage point for…
Binance CEO sees no threat to crypto from central banks’ digital currencies
By Sergio Goncalves and Catarina Demony LISBON (Reuters) – Plans by central banks to launch digital currencies are not a threat to other cryptocurrencies as they would validate blockchain technology and build…
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