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…
ECB wants to put banks on schedule to meet climate goals
FRANKFURT (Reuters) – Euro zone banks still largely fail to meet the European Central Bank’s climate disclosure and management expectations, and laggards who keep failing deadlines could be forced to hold more…
Australia’s ‘Big Four’ banks lift home loan rates to match central bank move
(Reuters) – Australia’s ‘Big Four’ banks will raise their home loan rates by 25 basis points this month, they said on Tuesday, passing on the full quarter-point interest rate hike announced by…
Explainer-India central bank’s policy committee meets to discuss first inflation target miss
By Swati Bhat MUMBAI (Reuters) – Reserve Bank of India’s monetary policy committee (MPC) will meet on Thursday, outside its scheduled meetings, to discuss its first ever inflation target miss, which will…
JPMorgan expects banks to repay 500-700 billion euros of ECB TLTRO loans in Nov
LONDON (Reuters) – Analysts at investment bank JPMorgan have estimated that banks will repay between 500 and 700 billion euros ($494-$692 billion)of the European Central Bank’s ultra cheap funding next month after…
Jazeera Airways plans to get around $2 billion from banks for Airbus deal
KUWAIT (Reuters) – Jazeera Airways is planning to get around $2 billion from commercial banks to fund 70% of a deal it has with Airbus for 28 A320neo airliners, the Kuwaiti carrier’s…
Canada’s fiscal update won’t make central bank’s job harder -sources
By Steve Scherer OTTAWA (Reuters) – Canada’s Liberal-led government will keep its powder dry when it unveils a fiscal update next month, and though it could contain additional targeted spending, it will…
UK banks start cutting ‘Truss premium’ from mortgage rates, but slowly
By Iain Withers and Lawrence White LONDON (Reuters) – Having hiked mortgage rates after political turmoil drove up the cost of borrowing, British banks are now cutting home loan prices, albeit slowly,…
Aggressive rate hikes the name of the game for big central banks
LONDON (Reuters) – The European Central Bank delivered a second straight 75-basis-point interest rate hike on Thursday, the latest sign that major central banks are serious about curbing hot inflation. Central banks…
Greek banks overlooked but on bumpy road to re-rating -Eurobank Equities
ATHENS (Reuters) – Rising interest rates will provide a significant tailwind to Greek bank earnings this year and the next, Eurobank Equities said on Thursday, rating Alpha Bank, National Bank and Piraeus…
Russia bans dealing in capital of 45 foreign-owned banks or banking units
MOSCOW (Reuters) – Russia on Wednesday banned dealings in the shares or share capital of 45 banks or banking units, all either owned by parties in countries that Russia terms “unfriendly” or…
IMF chief wants central banks to keep raising rates to hit ‘neutral’ level
By Christian Kraemer BERLIN (Reuters) – International Monetary Fund chief Kristalina Georgieva said on Wednesday that central banks should keep raising interest rates further to fight inflation until they hit a “neutral”…
European banks cash in on rising rates as clouds gather
By Tom Sims, John O’Donnell and Jesús Aguado FRANKFURT (Reuters) – Some of Europe’s largest banks warned of growing risks as the economy fizzles after posting stronger-than-expected profits on Wednesday, helped by…
Marketmind: Consumer drain as banks gain
A look at the day ahead in U.S. and global markets from Mike Dolan. This year’s inflation and interest rate shock to consumers is mirrored by the massive windfall for the world’s…
Chinese state banks sold dollars to support yuan late on Tuesday – sources
SHANGHAI/BEIJING (Reuters) – Major Chinese state-owned banks sold U.S. dollars in both onshore and offshore markets in late trade on Tuesday to prop up the weakening yuan, two sources with direct knowledge…
Euro zone banks see falling loan demand, tighter access to credit in Q4
FRANKFURT (Reuters) – Euro zone banks expect to tighten access to credit further in the fourth quarter and see a drop in loan demand as economic growth slows and interest rates rise,…
Exclusive-China FX regulator surveys banks about positioning as yuan plunges – sources
SHANGHAI/BEIJING (Reuters) -China’s foreign exchange regulator sent a survey to some banks late on Monday asking them about their positioning in the currency market, three sources with direct knowledge of the matter…
Deutsche Bank’s DWS sued by consumer group over alleged greenwashing
FRANKFURT (Reuters) – A German consumer group said on Monday it is suing Deutsche Bank’s asset management unit DWS for allegedly misrepresenting a fund’s green credentials in marketing materials. The suit comes…
Police quickly capture woman who robbed two banks
BEAR, DE – Shortly after the TD Bank on East Songsmith Drive in Bear was robbed, a second bank robbery occurred in West Chester, PA. A suspect matching the same description as…
Outer Banks Boil Company Opens New Location in Virginia Beach
Virginia is for lovers and for a new seafood boil catering concept opening in Virginia Beach, VA Virginia Beach, VA (RestaurantNews.com) North-Carolina based Outer Banks Boil Company, a new takeout and catering…
Outer Banks Boil Company Sets Sights on a Baltimore Homecoming
Rapidly expanding seafood boil catering concept heads home to Maryland Corolla, NC (RestaurantNews.com) North Carolina based Outer Banks Boil Company, a new takeout and catering business that specializes in signature seafood boils,…
JPMorgan picks Deutsche Bank’s Sheppard for UK investment banking
By Pamela Barbaglia LONDON (Reuters) – JPMorgan has hired one of Deutsche Bank’s most senior dealmakers, Richard Sheppard, to strengthen its UK investment banking business and help British companies navigate the challenges…
African banks increasingly worried about funding costs, survey shows
By Marc Jones and Rachel Savage LONDON/JOHANNESBURG (Reuters) – Sub-Saharan African banks are increasingly worried about funding costs, an annual survey published on Wednesday found, as soaring interest rates both on the…
Spain’s banks seek extending lifespan of mortgages for vulnerable households
By Jesús Aguado MADRID (Reuters) – Spanish lenders are open to extending loan repayments for vulnerable households that experience a rise of at least 30% in variable mortgage costs, three sources with…
Australia’s top banks eye payments firm Tyro as housing market cools
By Shashwat Awasthi and Byron Kaye (Reuters) -Three of Australia’s biggest banks are considering a bid for payment terminals firm Tyro, underscoring the importance of new revenue streams as rising interest rates…
Analysis-Foreign banks amass reserves at the Fed, bracing for funding stress
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Foreign bank units have been accumulating cash reserves at the Federal Reserve, likely reflecting concerns that a dollar funding crunch could be looming as the…
Breaking News
