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…
Factbox-What global banks forecast for Fed rate hikes in 2022
– Major investment banks have pencilled 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…
U.S. banks urge regulators to be flexible on climate-risk rules
By Michelle Price WASHINGTON – U.S. banks this week welcomed a regulatory proposal to incorporate climate change risks into their daily operations, yet said they opposed prescriptive risk management and lending criteria,…
Exclusive-Lithuania warns banks of cyber attacks, power cuts amid fears of war in Ukraine
By Andrius Sytas – Lithuania’s central bank has told the country’s banks to prepare for power cuts and cyberattacks as Russia’s standoff with Ukraine risks spilling over into a military conflict, according…
Forcing foreign banks to become EU branches ‘a last resort’, says official
By Huw Jones LONDON – Forcing foreign bank branches in the European Union to become subsidiaries would be a “last resort” to shed light on regulatory blind spots, a senior EU official…
Tech Companies, Banks Crack Down On Anti-Mandate Convoy Supporters
As Canadian Prime Minister Justin Trudeau imposed strict emergency measures intended to quell anti-mandate trucker protests late Monday, social media platforms and online services have previously taken steps to disrupt the efforts…
Regulators probe block trading at Wall Street banks, hedge funds- WSJ
– Federal investigators have launched a probe into block trading at Wall Street hedge funds and banks including Morgan Stanley and Goldman Sachs Group Inc, the Wall Street Journal reported, citing people…
Essex County Man and Union County Man Charged with Scheme to Steal Checks and Defraud Banks
NEWARK, N.J. – Two people were arrested today for their roles in a scheme to steal and alter checks from the mail by using stolen U.S. Postal Service keys that access mail…
U.S. banks outlook positive with loan growth and rate hikes in view
By Sinéad Carew – While U.S. bank stocks had a rocky start to the year, investors and analysts see accelerating loan growth and Federal Reserve interest rate hikes boosting the sector. The…
Camden Man Sentenced to 92 Months in Prison for Robbing Banks
CAMDEN, N.J. – A Camden man was sentenced today to 92 months in prison for his role in a bank robbery spree in July 2018, U.S. Attorney Philip R. Sellinger announced. Laque…
U.S. rate hikes could hit highly dollarized emerging market banks – Moody’s
By Rodrigo Campos NEW YORK – Banks in Latin America and emerging Europe are most exposed to dollarization among developing economies, making them vulnerable to weaker local currencies and increasing withdrawals in…
One dead during crash on Red Bank’s Coopers Bridge
RED BANK, NJ – The Red Bank Police Department has reported one death in an accident on Coopers Bridge, one of the main entry points into downtown Red Bank. A driver of…
Central banks to embark on “largest quantitative tightening in history” – Morgan Stanley
LONDON – The world’s top central banks are about to embark on “the largest quantitative tightening in history”, analysts at Morgan Stanley said on Friday, estimating that $2.2 trillion worth of support…
U.S. banks see business lending driving 2022 growth
By Elizabeth Dilts Marshall NEW YORK – Demand for business loans is picking up in the United States as an economic recovery drives consumer spending and encourages companies to bulk up inventories,…
Banks open fixed income front in Europe’s data price battle
By Huw Jones LONDON – The price of bond market data has risen by half over the past five years, which could prompt some users to quit the market and damage liquidity,…
Two Georgia Residents Indicted For Scheme to Defraud Banks and Credit Unions in Green Bay and the Fox Valley
United States Attorney Richard G. Frohling of the Eastern District of Wisconsin announced that on February 1, 2022, a federal grand jury returned an indictment against Michael W. Harvey, Jr. (age: 40)…
Goldman Sachs leads U.S. banks in return to office
By Matt Scuffham and Noor Zainab Hussain – Goldman Sachs’ U.S.-based staff returned to the office for the first time this year on Tuesday, with rival banks set to follow in the…
U.S. banks look forward to ‘bread-and-butter’ growth as economy rebounds
By David Henry NEW YORK – U.S. banks will enjoy stronger growth this year from their “bread-and-butter” business of taking deposits and lending money as the U.S. economy expands and the Federal…
Banks scramble to change Fed rate calls after hawkish shift
By Saikat Chatterjee SINGAPORE -Strategists at the world’s top investment banks scrambled to change their Federal Reserve rate calls on Thursday after policymakers emphasised at a policy meeting that it would tighten…
Swiss banks criticise steps to cool runaway property market
By John Revill ZURICH -Swiss banks have criticised planned new measures designed to cool the country’s red hot property market, saying the steps were unnecessary and would do nothing to slow rising…
ECB kicks off climate stress test for banks
FRANKFURT – The European Central Bank launched a stress test on Thursday to assess how prepared banks are to deal with potential shocks stemming from climate risk, it said in a statement.…
Now or never? European banks eye comeback against Wall Street
By Lawrence White and Iain Withers LONDON – Replenished firepower and higher interest rates will give Europe’s banks an ideal opportunity this year to reverse recent underperformance and claw back market share…
SoftBank-backed Gopuff hires banks for IPO -sources
By Anirban Sen, Krystal Hu and Echo Wang -Gopuff, the SoftBank Group Corp -backed delivery startup that was valued at about $15 billion last year, has tapped banks to lead preparations for…
CEO of Deutsche Bank’s DWS received racist threat letter -DWS spokesperson
By Tom Sims and Frank Siebelt FRANKFURT – The chief executive of Deutsche Bank’s fund unit DWS, Asoka Woehrmann, has received threatening letters in recent months, including one in December with red…
Major African central banks expected to hold rates this month: Reuters poll
By Vuyani Ndaba JOHANNESBURG – Major central banks in sub-Saharan Africa will leave interest rates unchanged in coming days, starting with Nigeria and Kenya, and followed by Ghana at the end of…
Vicari meets with banking commissioner as banks close in senior populated Ocean County
TOMS RIVER, NJ – Ocean County senior citizens are concerned about the recent trend of banks closing local and small community branches. The county is home to one of the largest senior…
Breaking News
