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…
U.S. banks prepare for cyber attacks after latest Russia sanctions
By Elizabeth Dilts Marshall WASHINGTON – U.S. banks are preparing for retaliatory cyber attacks after Western nations slapped a raft of stringent sanctions on Russia for invading Ukraine https://www.reuters.com/world/india/war-with-ukraine-putin-puts-nuclear-deterrence-forces-alert-2022-02-27, cyber experts and…
Russian central bank eases caps on banks’ open foreign currency positions
MOSCOW – Russia’s central bank said on Sunday it was temporarily easing restrictions on banks’ open foreign currency positions after the West decided to block certain Russian banks’ access to the SWIFT…
SWIFT says it preparing to comply with curbs on Russian banks
WASHINGTON – The SWIFT international payments system said on Saturday it was preparing to implement Western nations’ new measures targeting certain Russian banks in coming days. “We are engaging with European authorities…
Essex County Man Admits Using Credit Cards Stolen from U.S. Mail to Attempt to Defraud Banks of Over $300,000
NEWARK, N.J. – An Essex County, New Jersey, man today admitted scheming with at least one U.S. Postal Service (USPS) employee and others to steal credit cards from the mail and use…
Czechs call on EU allies to quit Soviet-era banks, citing security
PRAGUE – The Czech Republic is calling on EU states that are members of the International Investment Bank (IIB) and the International Bank for Economic Co-operation (IBEC) to quit the Soviet-era institutions…
Russian central bank to give banks more cash for ATMs
MOSCOW – Russia’s central bank on Friday said it was increasing the amount of cash it gives to banks to replenish ATM machines, the latest measure the regulator has taken in an…
Russian cenbank says client funds in sanctioned banks are secure
MOSCOW – Clients’ funds held by Russian banks that were hit with new Western sanctions are secure and are not affected by the sanctions, Deputy Central Bank Governor Vladimir Chistyukhin said on…
Russian cenbank tells banks to consider postponing dividends
MOSCOW – The Russian central bank on Friday told lenders to consider postponing dividends and bonus payments to managers, as it announced measures to ease regulatory requirements for the sector. The central…
Russian sanctioned banks report enough liquidity to meet clients’ demands
MOSCOW – Russian banks sanctioned by the West have enough liquidity to meet clients’ demands and are doing everything possible to calmly make it through this volatile period, the banks said in…
China urges banks, insurers to support affordable rental housing
BEIJING – China’s banking and insurance regulator has issued guidelines urging banks and insurers to support the development of affordable rental housing, as Beijing vows to keep the property market stable. The…
Italian banks’ govt bond holdings rise in January – ECB
MILAN – Italian lenders increased their domestic government bond holdings in January, European Central Bank data showed on Friday. Their portfolio rose to 419.62 billion euros ($468.84 billion) last month, compared with…
Russian central bank provides banks with $23 billion at 3-day repo auction
MOSCOW – Russia’s central bank on Friday said it had provided banks with 1.9 trillion roubles ($22.87 billion) out of 3 trillion roubles on offer at a “fine-tuning”, three-day repo auction. Seeking…
Greek lender Piraeus Bank’s Ukraine operations only 0.2% of assets
ATHENS – Piraeus Bank, one of Greece’s four largest lenders, said on Friday its operations in Ukraine comprise a financial institution, JSC Piraeus Bank ICB, and investments in real estate assets. Together…
Russian central bank pledges support to sanctions-hit banks, promises to honor forex deposits
MOSCOW – Russia’s central bank is ready to support banks hit by Western sanctions, it said on Friday, promising to provide them with rouble and foreign exchange liquidity while saying claims to…
U.S. hits major Russian banks with sanctions over invasion of Ukraine
WASHINGTON – The United States on Thursday imposed sanctions on Russia in retaliation for its invasion of Ukraine, targeting its two biggest banks and members of the elite in new measures as…
Biden says VTB, other Russian banks to be sanctioned
WASHINGTON – U.S. President Joe Biden said on Thursday that Russia’s second largest lender VTB is among the Russian banks that will be sanctioned as a result of the conflict with Ukraine.…
Russian central bank raises limit on banks’ outstanding debt under repo to $50 billion
MOSCOW – The Russian central bank on Thursday said it was raising the ceiling for banks’ outstanding debt under repo auctions to $50 billion from $15 billion as part of measures to…
Austria’s RBI says Russian, Ukraine banks well-capitalised
VIENNA – Austria’s Raiffeisen Bank International said its banks in Russia and Ukraine are well-capitalised and self-financing, and that provisions were already made last year as part of its risk policy. “As…
U.S. imposes sanctions on two Russian banks – Treasury Dept
– The United States imposed sanctions on Russia’s VEB Bank and Promsvyazbank on Tuesday, according to statement from the U.S. Treasury Department, after Moscow formally recognized two regions of eastern Ukraine as…
U.S. banks do not expect major financial impact, risk contagion from Russia sanctions – sources
WASHINGTON – Banks in the United States do not expect a material financial impact on their businesses, or broader risk contagion, as a result of sanctions Washington and other countries are imposing…
Brookfield in talks to buy First Abu Dhabi Bank’s payments arm in $1 billion deal – Bloomberg News
– Canada’s Brookfield Asset Management Inc is in talks to buy the payments business of UAE’s biggest lender First Abu Dhabi Bank PJSC, Bloomberg News reported on Tuesday. The unit, called Magnati,…
Canadian banks set for 1st-qtr profit growth, but costs, margins could deal blow
By Nichola Saminather TORONTO – Canadian banks are set to report higher first-quarter earnings from a year ago, thanks to low provisions for credit losses and improving loan demand, but rising costs…
Spanish banks widen cashier services for elderly to tackle exclusion
By Jesús Aguado MADRID – Under pressure from a campaign by a 78-year-old pensioner against financial exclusion of elderly people in the digital age, Spanish banks have agreed to extend cashier services…
Thai banks’ bad loans at 2.98% of lending at end-December
BANGKOK – Thai banks’ non-performing loans slightly dropped to 2.98% of total lending at the end of December from 3.14% as the end of September, helped by measures to support debtors, the…
Factbox-What global banks forecast for Fed rate hikes in 2022
– Major investment banks have penciled in a strong run of interest rate hikes for 2022 after hotter-than-expected inflation data ramped up pressure on the Federal Reserve to take a firmer stand…
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