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…
Full force of central banks siphoning world liquidity: Mike Dolan
By Mike Dolan LONDON – Coordinated or not ahead of this month’s G7 summit, global central banks are accelerating interest rate hikes but also actively draining the giant pool of cash swilling…
Gulf central banks raise rates as U.S. Fed lifts to 75 bps
By Yousef Saba DUBAI – Most Gulf central banks followed the U.S. Federal Reserve on Wednesday, lifting their key interest rates by three-quarters of a percentage point, while Saudi Arabia made a…
China’s banks scramble to raise capital and answer calls to support economy
SHANGHAI – China Construction Bank Corp (CCB) started selling 60 billion yuan ($8.9 billion) in bonds on Wednesday, joining peers as they rush to replenish capital in response to tighter regulations and…
West Virginia threatens to bar big banks, Blackrock over perceived fossil fuel boycotts
By Pete Schroeder WASHINGTON – Six of the nation’s largest financial institutions, including JPMorgan Chase, BlackRock Inc, and Wells Fargo, may no longer be allowed to do business with the state of…
China regulator denies it asked foreign banks for executive pay details
SHANGHAI/HONG KONG – China’s securities regulator on Tuesday denied that it and its securities association had asked foreign investment banks for senior executives’ pay details or suggested they implement pay curbs, rejecting…
BANKS, JORDAN, NEHLS, ARMSTRONG And DAVIS: Don’t Fall For Nancy Pelosi’s Elaborate January 6th Coverup
BANKS, JORDAN, NEHLS, ARMSTRONG And DAVIS: Don’t Fall For Nancy Pelosi’s Elaborate January 6th Coverup Jim Banks, Jim Jordan, Troy Nehls, Kelly Armstrong And Rodney Davis on June 9, 2022 The January…
Central banks double down in fight against ‘galloping’ inflation
LONDON – Major central banks are racing to ditch post-pandemic stimulus and picking up the pace of interest rate hikes to get on top of surging inflation. The Reserve Bank of Australia…
Australian banks slide further as RBA view raises housing market concerns
By Harish Sridharan (Reuters) – Shares of Australia’s “Big Four” banks fell further on Thursday to hit multi-month lows, as the central bank’s largest interest rate hike in 22 years earlier this…
Investment banks ramp up ECB rate hike forecasts
(Reuters) – BofA Securities now expects the European Central Bank to hike interest rates by 150 basis points this year including 50 bps moves in July and September, it said in a…
China banks appeal for relaxation of documentation rules to ease funds flow-sources
By Engen Tham and Winni Zhou SHANGHAI – Banks in China are urging regulators to relax rigid documentation rules as companies there have not been able to fulfill them due to COVID-19…
India lines up banks for e-commerce effort to take on Amazon, Walmart
By Munsif Vengattil and Nupur Anand NEW DELHI -India’s effort to break Amazon Inc and Walmart Inc’s dominance of its e-commerce sector, by establishing its own open network, has begun lining up…
Tulsa Man Sentenced for Defrauding Investor and Banks of Millions
A man who defrauded an investor and two banks out of at least $8.4 million was sentenced Wednesday in federal court, announced U.S. Attorney Clint Johnson. Chief U.S. District Judge John F.…
Fed’s Williams: “Critical” central banks understand impact of digital money
By Howard Schneider NEW YORK – The development of digital currency and payments technologies could change how the Federal Reserve conducts monetary policy and the composition of its balance sheet, issues the…
Marketmind: Full steam ahead for central banks
A look at the day ahead in markets from Sujata Rao. From Wednesday, the U.S Federal Reserve starts allowing the bonds it holds to mature, and will no longer replace them —…
Turkish banks should boost sectors promoting long-term economic growth -watchdog
ISTANBUL – Turkey’s banking sector needs to prioritize sectors that will have a long term contribution to the economy, the country’s banking watchdog Chairman Mehmet Ali Akben said on Monday. In a…
Hungary slaps $2.19 billion in new windfall taxes on banks, companies
BUDAPEST – Hungary will collect a total of 800 billion forints ($2.19 billion) annually this year and next from new windfall taxes imposed on banks, energy firms, insurers and airlines among others,…
VTB says Russian banks could get $52 billion boost if country ditches Basel rules
(Reuters) – Russia’s banks could get a 3.3 trillion rouble ($52 billion)capital boost if the central bank ditches Basel capital requirements, the head of VTB Bank Andrey Kostin said on Thursday. Russia…
Factbox-Global banks pay price of Russia retreat
By Valentina Za MILAN – Leading international banks exposed to Russia booked more than 11 billion euros ($12 billion) in provisions in the first quarter to brace for potential losses. Following are…
Ex-Bank of England governor King says central banks share blame for inflation
By David Milliken LONDON – Former Bank of England Governor Mervyn King said on Friday that central banks including the BoE are to blame for the current surge in inflation to its…
U.S. judge recuses himself from Archegos fraud case, citing wife’s ties to banks
By Luc Cohen NEW YORK – Archegos Capital Management founder Bill Hwang will get a new judge for his U.S. fraud trial, after the judge assigned to the case recused himself on…
Urgent to tighten policy further, says Swedish central bank’s Floden
STOCKHOLM – Sweden has an urgent need for further policy tightening so that the central bank does not have to take even tougher measures further ahead, Deputy Governor Martin Floden said on…
U.S. banks’ 2021 hiring show lenders are seeking talent far beyond Wall Street
By Elizabeth Dilts Marshall NEW YORK – More than half of the new employees banks and other financial services companies hired in 2021 are based in Orlando, Dallas and other cities –…
ECB to force UK-based investment banks to relocate staff, trading
FRANKFURT – Too many global investment banks continue to serve euro zone clients out of London and the European Central Bank plans to force them to relocate senior staff and trading activity…
Two major banks expect more pain for U.S. equities
By Saikat Chatterjee LONDON – Two major banks expect more pain for the U.S. stock markets after benchmark indexes posted on Wednesday their worst one-day losses in two years. In a report…
Exclusive-Japan Inc turns against central bank’s monetary stimulus, Reuters survey shows
By Tetsushi Kajimoto TOKYO – More than 60% of Japanese companies want the central bank to end its policy of massive monetary easing this fiscal year due to pain from the weak…
Breaking News
