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…
China to cut banks’ FX reserve ratio to rein in yuan weakness
SHANGHAI/SINGAPORE (Reuters) -China’s central bank said on Friday it will cut the amount of foreign exchange that financial institutions must hold as reserves for the first time this year, a move seen…
US officials weigh pathway to let more firms tap Federal Home Loan Banks – Bloomberg News
(Reuters) – U.S. officials are exploring ways to allow a broader base of financial firms, including nonbank mortgage lenders, to borrow from Federal Home Loan Banks, Bloomberg News reported on Wednesday, citing…
Chinese banks should step up lending to private sector, central bank official quoted
BEIJING (Reuters) -An official at China’s central bank urged banks to step up lending to private companies during a meeting on Wednesday with financial regulators, corporations and lenders, the state-owned Securities Times…
Most European banks’ deposits hit as savers hunt for deals -S&P
By Iain Withers LONDON (Reuters) – A majority of large European banks reported a fall in deposits over the year to June 2023 as customers shopped around for better savings deals, according…
Japan regulator to monitor potential BOJ impact on regional banks
By Makiko Yamazaki TOKYO (Reuters) – Japan’s financial regulator will closely monitor how central bank policy impacts regional banks, as the world’s third-largest economy approaches the normalisation of its monetary settings after…
Malaysia’s domestic banks have limited exposure to Country Garden -cbank
SINGAPORE (Reuters) – Malaysia’s central bank said on Monday that banks incorporated in the Southeast Asian nation faced limited financial stability risk arising from exposure to China’s largest property developer, Country Garden.…
UN Warns Big Banks Their Investments In Saudi Oil Company Could Violate Human Rights Laws
UN Warns Big Banks Their Investments In Saudi Oil Company Could Violate Human Rights Laws Nick Pope on August 25, 2023 The United Nations (UN) warned several major banks Friday that their…
ECB must gauge digital euro impact on banks before launch -Spanish official
(Refiles to remove extraneous word ‘have’ from final paragraph) By Jesús Aguado MADRID (Reuters) -The European Central Bank needs to measure the impact of the digital euro on the euro zone’s banking…
Toronto-Dominion Bank’s quarterly profit falls as loan-loss provisions rise
(Reuters) – Toronto-Dominion Bank on Thursday reported a drop in third-quarter profit as the Canadian lender set aside more rainy-day funds to cover losses from borrowers who might fall behind on loan…
Swiss regulator reviewed money laundering risk at 30 banks
ZURICH (Reuters) – Switzerland’s financial regulator looked into the risk of money laundering at 30 banks this spring, FINMA said in an analysis published on Thursday, after identifying shortcomings in the area.…
Colombia banks call for measures to help liquidity squeeze
BOGOTA (Reuters) – Colombia’s banks have called on the country’s central bank to tackle liquidity issues amid lower-than-expected government spending and compliance with international regulatory framework Basel III, which strengthens bank risk…
Exclusive-SoftBank hired Arm’s IPO banks without clarity on fees -sources
By Echo Wang and Anirban Sen NEW YORK (Reuters) – Chip designer Arm signed up 28 banks for its blockbuster initial public offering without giving them a fee arrangement, a reflection of…
Analysis-With central banks’ job half done, global inflation talk is shifting
By Balazs Koranyi JACKSON HOLE, Wyoming (Reuters) – Inflation has tumbled spectacularly across much of the world this year but the job is only half done, even if top central banks are…
Analysis-Bonus freedom to pay paltry ‘Brexit dividend’ for Britain’s banks
By Sinead Cruise and Huw Jones LONDON (Reuters) – Banks in Britain may be free to award even bigger bonuses from January but new pay perks are unlikely to help the country’s…
‘This Gets Worse’: ‘Shark Tank’ Star Kevin O’Leary Predicts ‘A Real Run’ On Regional Banks
‘This Gets Worse’: ‘Shark Tank’ Star Kevin O’Leary Predicts ‘A Real Run’ On Regional Banks Harold Hutchison on August 22, 2023 “Shark Tank” star Kevin O’Leary said Tuesday that commercial real estate…
Another Major Credit Agency Downgrades Several US Banks
Another Major Credit Agency Downgrades Several US Banks Will Kessler on August 22, 2023 A major U.S. credit agency cut the ratings of multiple banks following a string of credit rating cuts…
Exclusive-India cenbank nudges banks to settle UAE trades in rupee, dirham -sources
By Siddhi Nayak, Jaspreet Kalra and Shivangi Acharya MUMBAI/NEW DELHI (Reuters) – India’s central bank is nudging local banks to ask their clients to settle trade between the United Arab Emirates and…
Arrest Made in Shooting at the Banks
CINCINNATI, OH – An altercation between two individuals at The Banks led to a shooting incident early Saturday morning. The event occurred around 2:45 a.m., close to The Yardhouse and The National…
Chinese banks should keep a ‘proper level’ of profit margins -central bank
BEIJING (Reuters) – Chinese commercial banks need to maintain a proper level of profit and net interest margins to ensure sustainability in supporting the real economy, China’s central bank said in a…
John Podesta Cited A Major Investment Bank’s Solar Projections. There’s Just One Problem
John Podesta Cited A Major Investment Bank’s Solar Projections. There’s Just One Problem Nick Pope on August 16, 2023 Senior Advisor to the President for Clean Energy Innovation and Implementation John Podesta…
China’s deflation a near-term positive for Western central banks – PIMCO
By Davide Barbuscia NEW YORK (Reuters) -Deflationary pressures in China could spill over into global markets, which is potentially near-term good news for Western central banks as they seek to curb inflation,…
Fitch warns it may be forced to downgrade multiple banks, including JPMorgan – CNBC
(Reuters) – An analyst at Fitch Ratings warned that U.S. banks, including JPMorgan Chase, could be downgraded if the agency further cuts its assessment of the operating environment for the industry, according…
Shooting Near The Banks Leaves One Injured
CINCINNATI, OH – Early Saturday morning, Cincinnati Police reported an incident near The Banks on Freedom Way Downtown where one person was injured due to gunfire. Officers patrolling the DORA area around…
Analysis-Moody’s warning on US banks a wake-up call for sanguine investors
By Saqib Iqbal Ahmed and Nupur Anand NEW YORK (Reuters) – The slide in U.S. bank stocks this week appeared to catch traders in the options market by surprise, data shows, raising…
Aussie regulator removes Bendigo and Adelaide Bank’s add-on liquidity requirement
(Reuters) – Australia’s prudential regulator said on Wednesday Bendigo and Adelaide Bank no longer needs to keep an additional amount of cash reserve after the mid-sized lender took steps to rectify issues…
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