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…
Investment banks in Brazil focus on debt in the short term -Bradesco BBI
By Tatiana Bautzer SAO PAULO (Reuters) – Investment banks in Brazil are focusing on debt issuance through the third quarter, an area that kept strong activity even with higher interest rates. Felipe…
Deutsche Bank’s IPB unit hires new director in Americas
(Reuters) – Deutsche Bank’s International Private Bank unit in the Americas hired Hedieh Bolour as a director based in Los Angeles, according to an internal memo seen by Reuters on Tuesday. Bolour…
JPMorgan upbeat on Greek banks, upgrades Piraeus to ‘overweight’
ATHENS (Reuters) – JPMorgan upgraded Piraeus Bank to “overweight” and said it was positive on Greece’s four big banks in a research report published on Tuesday. Greek bank shares are down about…
China tells banks to report exposure to Fosun – Bloomberg News
(Reuters) – Chinese regulators have told the country’s biggest banks and state-owned firms to start a round of checks on their financial exposure to Chinese conglomerate Fosun International Ltd, Bloomberg News reported…
Exclusive-Flurry of new rules leave Turkish banks struggling to lend -sources
By Ebru Tuncay, Nevzat Devranoglu and Ceyda Caglayan ISTANBUL (Reuters) – Some Turkish banks are curtailing corporate lending after the government’s latest raft of regulations raised their costs and forced many to…
Banks see strong demand for Citrix debt after discount -sources
By Matt Tracy and Abigail Summerville (Reuters) – Banks seeking to sell some of the debt backing the $16.5 billion leveraged buyout of business software company Citrix Systems Inc to investors have…
ECB’s Kazimir: bank’s priority is monetary policy normalisation
(Reuters) – The European Central Bank’s priority is to focus on monetary policy normalisation as inflation in the euro zone has been unacceptably high, ECB policymaker Peter Kazimir said on Friday. His…
Argentine soy farmers who hoard stock to face higher financing costs, central banks says
By Maximilian Heath BUENOS AIRES (Reuters) – Argentine soy farmers who hold onto stock of more than 5% of their production will face an elevated financing cost above the normal benchmark rate,…
Major central banks put inflation fight first as growth slows
LONDON (Reuters) – The European Central Bank on Thursday lifted its key interest rate by an unprecedented 75 basis points and signalled further hikes, the latest major central bank to prioritise taming…
Analysis-Europe’s banks dim lights as they brace for winter blackout
By Sinead Cruise and Iain Withers LONDON (Reuters) – Some of Europe’s biggest banks are preparing back-up generators and to dim the lights as they brace for potential power cuts and energy…
Vietnam central bank lifts cap on credit growth for some banks
HANOI (Reuters) – The State Bank of Vietnam (SBV) said on Wednesday it has raised caps on credit growth for some banks this year, based on their latest operational results, market developments…
Essex County Man Admits Using Credit Cards and Checks Stolen from U.S. Mail to Attempt to Defraud Banks of Over $250,000
NEWARK, N.J. – An Essex County, New Jersey, man today admitted scheming with others to use credit cards and checks that were stolen from the mail by at least two U.S. Postal…
EXCLUSIVE – Qatar tells local banks to stop currency swap deals abroad – sources
By Hadeel Al Sayegh and Andrew Mills DUBAI/DOHA (Reuters) – Qatar’s central bank has told banks in the Gulf state not to exchange its currency with entities outside the country without prior…
S.Korea tells local banks to manage FX liquidity conservatively
SEOUL (Reuters) -South Korea’s financial regulator said it advised local banks on Tuesday to manage foreign-exchange liquidity positions in a more conservative manner than before given the possibility of a prolonged period…
Investment banks rush to cut yuan forecasts, 7 per dollar at risk
By Tom Westbrook SINGAPORE (Reuters) – Major investment houses have cut their yuan forecasts as its fall against the dollar accelerates, with some expecting a breach of the 7-per-dollar milestone before next…
Global central banks ease off hiking cycle in August
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – The pace and scale of interest rate hikes delivered by central banks across developed and emerging markets slowed in August as policy makers…
Russian banks lost $25 billion in first half, central bank tells RBC
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine.) (Reuters) – Russia’s banks lost a combined 1.5 trillion roubles ($24.95 billion) in the first…
Analysis-Development banks under pressure to compensate harmed communities
By Emma Rumney, Simon Jessop and Sofia Christensen (Reuters) – Mamadou Lamarana was hoping the World Bank’s financial involvement in a western Guinean bauxite mine expansion would lead to compensation for the…
Georgia Man Sentenced to Over 7½ Years in Prison for Synthetic Identities Scheme That Defrauded Banks Out of Nearly $2 Million
LOS ANGELES – A Georgia man was sentenced today to 94 months in federal prison for participating in a nationwide fraud ring that used stolen Social Security numbers – including those…
Central banks need to be decisive on inflation, IMF’s Gopinath says
By Howard Schneider JACKSON HOLE, Wyo. (Reuters) – The tradeoffs facing global central bankers – between jobs, inflation and growth – are likely to get worse in coming years as the world…
Man Admits to Robbing Eight Chicago-Area Banks
CHICAGO — A man has admitted in federal court that he robbed eight Chicago-area banks over a seven-month period in 2019. MANUEL MARTINEZ, 26, of Chicago, pleaded guilty Tuesday to three counts…
Exclusive-Major traders, banks cut business ties with Russia-backed Indian refiner -sources
By Nidhi Verma NEW DELHI (Reuters) – Many global oil traders and banks have stopped dealing with Indian refiner Nayara Energy, a Rosneft affiliate, as they are worried about Western sanctions over…
Major Chinese banks urged to maintain stable loan growth, central bank says
HONG KONG (Reuters) – Major Chinese financial institutions will have to lead the way in maintaining the stable growth of total loans and protecting the reasonable financing needs in the real estate…
Indian banks issue more CDs to secure cheap funding
By Dharamraj Lalit Dhutia MUMBAI (Reuters) – Indian banks have increased their fundraising activity through the issuance of certificates of deposits, as funding in the banking system continues to contract, analysts said.…
Czech windfall tax would affect energy, banks and maybe another sector -finance minister
PRAGUE (Reuters) – The Czech government will decide in three weeks whether to impose a windfall tax on large energy companies and banks and may include one more sector if it goes…
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