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…
Polish watchdog files charges against five banks
(Reuters) – Poland’s antimonopoly office has filed charges against five banks it found to have acted against the interests of customers, the watchdog said on Monday. After a year-long investigation, charges have…
Uniper: In contact with banks, German govt, with eye on financial stabilisation
BERLIN – Embattled German utility Uniper said it is in close contact with its banks and the German government with the goal of ensuring the company’s financial stabilisation. (Reporting by Matthias Inverardi,…
China expedites local govt debt issuance to bolster capital of smaller banks
BEIJING – China’s banking regulator has worked with the finance ministry and central bank to accelerate the issuance of special local government bonds to help supplement the capital of small and medium-sized…
Russia to block sale of foreign banks’ Russian subsidiaries -Ifax cites finance ministry
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine.) MOSCOW – Russia will block the sale of foreign banks’ Russian subsidiaries while Russian banks…
Deutsche Bank’s International Private Bank hires 4 bankers in Americas
(Reuters) – Deutsche Bank’s International Private Bank on Thursday hired four bankers in the Americas, according to an internal memo seen by Reuters. The new hires will help the bank strengthen its…
Wall Street banks worry about economic storms ahead
By Elizabeth Dilts Marshall NEW YORK – Wall Street’s biggest banks sounded cautious on economic headwinds ahead, reducing risk in certain areas as they assess the likelihood and severity of recession, with…
Russia’s central bank resisting calls to take over running of Western banks’ local arms -sources
MILAN/MOSCOW – Russia’s central bank is resisting domestic calls to take over the running of foreign lenders’ local businesses, two sources with direct knowledge of the matter told Reuters, concerned in part…
In West Virginia, banks cite Green criticism as red state credential
By Ross Kerber (Reuters) – Looking to keep doing business in West Virginia amid a review of energy lending policies, several top U.S. banks cited criticism from climate activists as evidence they…
EU edges closer to ending ‘too-big-to-fail’ banks by 2024
By Huw Jones LONDON – The European Union’s body for dismantling failed banks said on Wednesday it would ratchet up pressure on lenders over the coming months to bolster their defences so…
Protests Rage As Chinese Banks Won’t Let People Withdraw Their Funds
Protests Rage As Chinese Banks Won’t Let People Withdraw Their Funds Jack McEvoy on July 11, 2022 Crowds of Chinese bank customers demonstrated outside a bank on Sunday over bank accounts that…
Central banks face key decisions on digital currency, says BIS
LONDON – Central banks will have to make “fundamental” decisions on cross-border access for a digital version of their currency to serve as a means of payment effectively, a committee at the…
Wall Street banks’ Q2 trading revenue likely to surge, softening blow from deal slump
By Saeed Azhar NEW YORK – A surge in trading revenue powered by volatile markets should partially offset a slump in M&A and equity and debt deals when Wall Street banks report…
Analysis-NZ central bank’s aggressive tightening raise concerns it may go too far
By Lucy Craymer WELLINGTON – New Zealand’s central bank is expected to deliver this week a third straight half-point rate hike in its most aggressive policy tightening in over two decades, but…
Liverpool Man Going To Prison For Robbing Banks In Brighton And Buffalo, And Attempting To Rob A Third Bank In Niagara Falls
CONTACT: Barbara BurnsPHONE: (716) 843-5817FAX #: (716) 551-3051 ROCHESTER, N.Y. – U.S. Attorney Trini E. Ross announced today that Michael Tyo, 34, of Liverpool, NY, who was convicted of bank robbery and attempted bank robbery,…
Big banks’ Q2 earnings to shed light on gloomy U.S. mortgage outlook
By Elizabeth Dilts Marshall NEW YORK – U.S. analysts and economists will be watching to see how banks’ mortgage businesses are faring during their second-quarter earnings this month, as U.S. Federal Reserve…
Australia’s ‘big four’ banks pass on full 50 bp variable mortgage rate hike
(Reuters) – Australia’s “big four” lenders raised their home loan variable interest rates on Wednesday by 50 basis points (bps) per annum, passing on the central bank’s third consecutive rate hike in…
Poland’s Kaczynski tells banks to give savers higher interest or expect more taxes
WARSAW – Polish banks will be taxed more if they don’t offer clients higher interest on their deposits, the leader of Poland’s ruling party said on Saturday, intensifying government pressure on the…
Australia’s big banks hike fixed-rate home loans amid rising interest rates
By Byron Kaye SYDNEY – Two of Australia’s biggest home lenders jacked up fixed-rate home loans in line with increases to their own borrowing costs, spokespeople told Reuters, adding to pressure on…
NZ central bank’s new governance board begins work July 1
WELLINGTON – New Zealand central bank’s new governance board, created by the government to strengthen decision making and accountability, will start work on Friday. The establishment of the Reserve Bank of New…
World Bank’s Reinhart sees ‘long haul’ before any debt reductions for developing countries
By Andrea Shalal MADRID – World Bank chief economist Carmen Reinhart said it could take many more years before the growing number of heavily indebted countries see any substantive reduction in their…
Judge narrows San Diego, Baltimore bond collusion cases against big banks
NEW YORK – A federal judge on Tuesday narrowed claims by San Diego and Baltimore in antitrust litigation seeking to hold eight banks liable for driving up interest rates that state and…
Chinese watchdog says risks in smaller banks generally under control
BEIJING – Risks in China’s medium-sized and small banks are generally under control despite some individual banks having engaged in criminal activities, the vice chairman of the country’s banking and insurance regulator…
Global markets quake as central banks grow more hawkish
By Saqib Iqbal Ahmed, Tom Westbrook and Dhara Ranasinghe NEW YORK – Expectations for how drastically central banks need to tighten monetary policy to fight soaring inflation have taken another leap higher,…
Banks diversity push sees Citigroup recruit associates in U.S. from outside finance
By Elizabeth Dilts Marshall NEW YORK – Facing intense competition for talent and pressure to hit diversity goals, banks are getting more creative in their hiring, with Citigroup Inc recruiting U.S. associates…
Japan May consumer inflation seen likely staying above central bank’s target: Reuters poll
TOKYO – Japan’s core consumer price index for May is expected to climb 2.1% from a year earlier, its second straight month of gains above the central bank’s 2% inflation target, a…
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