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…
Exclusive-Top development banks at COP28 vow to up climate game, quiet on fossil fuels – document
By Simon Jessop DUBAI (Reuters) – Ten of the world’s top development banks pledged to step up their climate efforts at the COP28 summit, yet failed to say anything about halting financing…
Central banks of India, England resolve trade settlement stand-off
MUMBAI (Reuters) – The central banks of India and England on Friday signed an agreement on information exchange for settlement of bond trades, the Reserve Bank of India (RBI) said. In India,…
Leader Of Miami Crew Sentenced To 63 Months In Prison For Defrauding Banks And Cryptocurrency Exchange Of More Than $4 Million
Damian Williams, the United States Attorney for the Southern District of New York, announced that ESTEBAN CABRERA DA CORTE, a/k/a “Esteban Cabrera,” a/k/a “Esteban Da Corte,” a/k/a “Steban,” was sentenced to 63…
Google, Symphony unveil AI JV to help banks manage voice calls compliance risk
LONDON (Reuters) – Symphony, the markets infrastructure and tech firm, is teaming up with Google to ramp up its voice analytics offering to banks and investment firms, executives told Reuters, as regulators…
Canada banks’ quarterly profits seen hit by rising provisions
By Nivedita Balu TORONTO (Reuters) – Canada’s big banks are likely to wrap up a challenging financial year with another quarter of declining profits and rising bad debt provisions amid a slowing…
Argentina’s economy chief frontrunner pitches Milei’s ‘shock’ therapy to banks – sources
By Jorgelina do Rosario and Jorge Otaola BUENOS AIRES (Reuters) – Argentine former central banker Luis Caputo, frontrunner to be the new economy minister, met local and international bank officials on Friday…
Hit by war, Israelis defer loan repayments in October -banks regulator
By Steven Scheer JERUSALEM (Reuters) – Israelis deferred payment on nearly 3 billion shekels of loans in October as a result of Israel’s war with Hamas, the banking regulator said on Wednesday.…
European shares set to rise in 2024 as central banks turn dovish, recession worries weigh- Reuters poll
By Samuel Indyk and Danilo Masoni LONDON (Reuters) – European equity markets are forecast to eke out a modest rise in 2024, a Reuters poll found, as optimism that global interest rates…
EU regulators to challenge banks on loan provisioning
By Huw Jones LONDON (Reuters) – EU regulators will challenge banks over their failure to properly apply an accounting rule aimed at making sure their provisioning for souring loans is timely and…
Hedge funds help fill bond-buying void left by central banks
(Reuters) – Hedge funds are helping to fill a bond-buying gap in European government bond markets left by central banks and playing an important role in boosting liquidity, debt agency chiefs from…
EU loophole lets banks dodge ECB’s crypto supervision, needs fixing -Enria
FRANKFURT (Reuters) – EU rules to protect the financial system from risks stemming from cryptocurrencies contain a loophole that allows banks to circumvent some safeguards and should be fixed urgently, the European…
German union calls for strike at Deutsche Bank’s DB Direkt over wages
BERLIN (Reuters) – Germany’s Verdi union has called on workers at Deutsche Bank’s DB Direkt GmbH subsidiary to go on a one day strike on Wednesday, it said, raising pressure in wage…
Factbox-Italian banks add 4.5 billion euros in capital due to one-off tax
MILAN (Reuters) – Italian financial institutions have opted en masse to forego an extraordinary tax the government imposed on the sector in August, making use of a clause Rome introduced in September…
Israel regulator tells banks to be cautious over dividends during war uncertainty
By Steven Scheer JERUSALEM (Reuters) – Israel’s banking regulator told commercial banks to be cautious when issuing dividends and conducting share buybacks, citing the need to remain conservative and provide credit while…
Robbery Spree Hits Wilmington Banks, Suspects at Large
WILMINGTON, DE – A series of armed bank robberies occurred in Wilmington on November 10, beginning with an attempted robbery at Wells Fargo Bank on Concord Pike. Three suspects, described as black…
Fed and banks can do more to reduce liquidity risk -Logan
(Reuters) – Dallas Federal Reserve Bank President Lorie Logan on Friday defended the U.S. central bank’s “ample reserves” approach to monetary policy implementation, even as she outlined a number of ways that…
Aussie ‘big four’ banks hike home loan rates after RBA decision
(Reuters) – Commonwealth Bank of Australia, the country’s largest lender, on Thursday joined the other three big banks in raising its standard variable home loan rate by 25 basis points after the…
Fed’s Williams says US central bank’s policymaking now more strategic
By Michael S. Derby NEW YORK (Reuters) – New York Federal Reserve President John Williams said on Wednesday that the U.S. central bank had made great strides over recent decades in improving…
Private credit sees opportunity in Australia real estate as banks hesitate
By Lewis Jackson and Rae Wee SYDNEY (Reuters) – Private credit lenders are increasing their footprint in parts of the Australian commercial property market, providing alternatives for borrowers as banks scale back…
US regional banks shares surge after Bill Gross says they have hit bottom
By David Randall NEW YORK (Reuters) – Shares of a handful of U.S. regional banks popped on Thursday after famed bond investor Bill Gross said the danger in investing in them had…
Global central banks mark a possible plateau
By Howard Schneider, William Schomberg and Francesco Canepa (Reuters) – The Bank of England’s decision to hold its policy interest rate steady on Thursday puts the world’s three major central banks in…
After aggressive rate hikes, big central banks take time out
LONDON (Reuters) – After almost two years of aggressive monetary tightening, the world’s biggest central banks are taking time out before weighing up their next move. The Bank of England on Thursday…
Swiss National Bank to pilot wholesale digital currency with UBS, other banks
ZURICH (Reuters) – The Swiss National Bank said on Thursday it will start a pilot project next month using central bank digital currency (CBDC) for financial institutions, with UBS and Zuercher Kantonal…
G10 central banks hit rate plateau in October, emerging markets diverge
By Karin Strohecker and Sumanta Sen LONDON (Reuters) – Central banks across major developed economies in September delivered no rate hikes for the first time since January 2022 while emerging markets extended…
Alibaba banks on aggressive Singles Day pricing to recoup sales mojo
By Casey Hall and Sophie Yu SHANGHAI (Reuters) – China’s Alibaba is pressuring merchants to offer rock-bottom prices on its marketplaces in this year’s Singles Day extravaganza, three industry sources said, as…
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