CEO of PPP Lender MBE Capital Pleads Guilty to Fraudulent Loan and Lender Applications
NEW YORK – Rafael Martinez, CEO of MBE Capital Partners, pled guilty today to conspiring to commit wire fraud in connection with loan and lender …
Capital
Colombia pension reform would impact capital markets, private funds say
By Nelson Bocanegra BOGOTA (Reuters) – Colombia’s private pension funds association said on Thursday a reform proposed by the leftist government of President Gustavo Petro …
China capital Beijing experiences first population decline since 2003
BEIJING (Reuters) -The death rate in China’s capital Beijing surpassed its birth rate in 2022, official data showed on Tuesday, pushing its natural population growth …
Asia banks may face difficulty bolstering capital via AT1s – Citi
HONG KONG (Reuters) – Asian lenders may find it difficult to replenish their capital by issuing Additional Tier-1 (AT1) bonds, Citigroup said in a research …
South Korea considering asking banks to build more capital buffers
SEOUL (Reuters) – South Korea is considering requiring banks to hold more capital as part of efforts to make the banking system better prepared for …
Freshpet tumbles as Jana Partners calls company’s capital raise plan ‘ill-conceived’
(Reuters) – Shares of Freshpet Inc fell as much as 19% on Wednesday after activist investment firm Jana Partners LLC said the pet food maker’s …
Iceland lifts countercyclical capital bank buffer to 2.5%
COPENHAGEN (Reuters) – The Icelandic Financial Stability Committee has decided to increase the country’s countercyclical buffer rate to 2.5% from 2.0% when measured as a …
New SVB CEO urges top venture capital clients to move deposits back
By Krystal Hu (Reuters) – Silicon Valley Bank’s new Chief Executive Tim Mayopoulos on Tuesday urged the failed bank’s top venture capital clients to move …
Exclusive-Shenzhen bourse taps intelligence tech firm as China battles capital market fraud
SHANGHAI (Reuters) – The Shenzhen Stock Exchange has sought help from an intelligence technology firm to detect fraud and vet listings, said people with knowledge …
Karine Jean-Pierre Doubles Down On Claim That Capital Riots ‘Cost Police Officers Their Lives’
Karine Jean-Pierre Doubles Down On Claim That Capital Riots ‘Cost Police Officers Their Lives’ Harold Hutchison on March 8, 2023 White House press secretary Karine …
JPMorgan names Keith Canton as head of Americas Equities Capital Markets
(Reuters) – JPMorgan Chase & Co has named Keith Canton as the new head of Americas Equities Capital Markets (ECM) group, an internal memo seen …
Indonesia dismisses concerns over $32 billion capital city project, unveils incentives
By Stefanno Sulaiman SEPAKU, Indonesia (Reuters) – A top Indonesian official pledged on Wednesday that construction on a new capital city deep within the jungles …
Rivian plans to sell $1.3 billion in bonds to shore up capital, shares fall
SAN FRANCISCO (Reuters) – Rivian Automotive plans to sell bonds worth $1.3 billion, it said on Monday, as weakening demand and lofty costs tighten a …
Bank of England says insurers more likely to fail if capital cut rule goes ahead
By Huw Jones LONDON (Reuters) – Britain’s proposals to loosen capital rules for insurers will increase the chances of an insurance company failing by 20% …
Capital Group more bullish on 20-year stock and bond returns after 2022 drubbing
By Davide Barbuscia NEW YORK (Reuters) – U.S. firm Capital Group, one of the world’s largest investment management companies which manages about $2.2 trillion in …
Canada’s Scotiabank profit falls on capital market slump, provisions
(Reuters) – Bank of Nova Scotia (Scotiabank) reported a lower first-quarter profit on Tuesday, as a lull in its investment banking division dented income from …
EU calls for fast-track crypto capital rules for banks
By Huw Jones LONDON (Reuters) – Tough capital rules for banks holding cryptoassets must be fast-tracked in the European Union’s pending banking law if Europe …
Galois Capital flagship fund to close after FTX losses
By Nell Mackenzie and Elizabeth Howcroft LONDON (Reuters) -Galois Capital hedge fund founder Kevin Zhou said on Monday his flagship fund would close after “losing …
A.P. Moller Capital plans $750 million infrastructure deals in South, Southeast Asia
By Anshuman Daga SINGAPORE (Reuters) – A.P. Moller Capital, the asset management unit of Danish transportation and logistics giant A.P. Moller Group, said on Monday …
China refines capital and risk management of commercial banks
BEIJING (Reuters) – China’s banking regulator and the central bank plan to adopt a more differentiated regulatory system for assessing commercial banks’ capital adequacy and …
Swiss police arrest man found with explosive traces near country’s parliament
(Reuters) -Swiss police arrested a man found with traces of explosives outside the country’s parliament on Tuesday, sparking a security alert that shut down part …
Cargo airlines have until July to move flights from Mexico’s capital airport
MEXICO CITY (Reuters) – Cargo airlines operating out of Mexico’s busiest airport will have until July to leave the hub, a decree published in the …
U.S. core capital goods orders fall in December
WASHINGTON (Reuters) – New orders for U.S.-made capital goods fell in December, while shipments declined for a second straight month, suggesting that higher borrowing costs …
Aviva keeps dividend, capital returns guidance after UK’s December cold snap
LONDON (Reuters) – British insurer Aviva on Wednesday maintained its dividend guidance and capital returns outlook as it reported a positive end to trading for …
Hedge fund Eisler Capital hires Damien Bombelli – sources
By Stefania Spezzati and Nell Mackenzie LONDON (Reuters) – Eisler Capital has recruited Damien Bombelli, whose background in commodities could help the hedge fund bolster …
‘Natural Capital’: Biden Admin Announces 15-Year Green Economics Plan
‘Natural Capital’: Biden Admin Announces 15-Year Green Economics Plan John Hugh DeMastri on January 19, 2023 The Biden administration announced an initiative Thursday to track …
Investor group requests arbitration against Brazil’s Americanas and 3G Capital
By Carolina Pulice (Reuters) – A group of investors requested a collective arbitration against troubled Brazilian retailer Americanas SA and 3G Capital at the Brazilian …
Capital One scraps 1,100 tech positions – source
(Reuters) – Consumer lending firm Capital One Financial Corp has cut 1,100 positions in its technology segment, a person familiar with the matter told Reuters …
Aviation Capital latest lessor to doubt Airbus, Boeing targets
DUBLIN (Reuters) – Airbus and Boeing will find it challenging to meet intermediate delivery targets this year on their way to ramping up production sharply …
China reports big jump in foreign capital inflows on reopening bets
SHANGHAI (Reuters) – Overseas investors increased their holdings of Chinese bonds in December, snapping a record 10-month spate of outflows, and capital inflows are expected …
SMBC Aviation Capital says it would consider further acquisitions
DUBLIN (Reuters) – SMBC Aviation Capital, the world’s second-largest aircraft lessor, remains open to acquisition opportunities after its recent purchase of smaller rival Goshawk Aviation …
Ecuador lowers taxes on capital sent abroad, guns
QUITO (Reuters) – Ecuador will lower taxes on capital sent abroad and items like alcohol and trim overall value-added tax on specific shopping days this …
Foreign capital returned to Mexico last year, bucking earlier outflows
By Noe Torres MEXICO CITY (Reuters) – After two years of record outflows of foreign capital, Mexico’s economy bounced back in 2022 in large part …
Brazil must ‘combat terrorism,’ top court justice says after capital riots
BRASILIA (Reuters) – Brazilian Supreme Court Justice Alexandre de Moraes said on Tuesday the country must firmly combat “terrorism” and “anti-democratic people attempting a coup” …
Wood’s Ark Invest nearly liquidates Silvergate Capital position
By David Randall NEW YORK (Reuters) – Star stock picker Cathie Wood’s Ark Invest sold 403,990 shares of embattled crypto-focused bank Silvergate Capital Corp on …
South Korea eases property regulations across capital Seoul
SEOUL (Reuters) – South Korea’s finance ministry said on Tuesday it was easing financial regulations on home buyers in most districts of the capital Seoul, …
Indonesia eyes $11 billion in capital market fundraising this year
JAKARTA (Reuters) – Indonesia is targeting 170 trillion rupiah ($10.92 billion) in capital market fundraising for this year, including from initial public offerings and debt …
Ukraine reports Russian missile strikes on capital and other cities
KYIV (Reuters) -Ukraine reported a new wave of Russian missile strikes on Thursday morning as air-raid sirens blared across the country and officials said blasts …
ECB sets capital requirements for Monte dei Paschi for 2023, removes dividend ban
MILAN (Reuters) – The European Central Bank has set the minimum capital requirements for Banca Monte dei Paschi di Siena (MPS) for next year and …
U.S. core capital goods orders rise modestly in November
WASHINGTON (Reuters) – New orders for U.S.-made capital goods rose moderately in November while shipments fell, pointing to a slowdown in business spending on equipment …
Bank of Montreal raises C$2.6 billion in share sale to boost capital buffer
(Reuters) – Bank of Montreal said it has raised C$2.6 billion ($1.9 billion) by issuing new shares after Canada’s financial regulator asked lenders to set …
China’s re-opening to lift Asia equity capital market volumes from three-year lows
By Scott Murdoch SYDNEY (Reuters) – Asian equity capital markets activity, languishing at three-year lows now, is set to get a much needed boost in …
ECB ups Banco BPM’s core capital ratio threshold to 8.7% from 8.5%
MILAN (Reuters) – The European Central Bank has raised the minimum core capital requirement at Banco BPM to 8.70% for next year compared with 8.52% …
ECB sets core capital threshold for Italy’s Intesa at 8.88% from 8.81%
MILAN (Reuters) – The European Central Bank has set the minimum threshold for Intesa Sanpaolo’s core capital at 8.88% for next year, fractionally higher than …
Russia sees fixed capital investment growth in 2022 – state media
(Reuters) – Russia expects investment in fixed capital to have grown in 2022, economy minister Maxim Reshetnikov was cited by state media as saying on …
Turkish watchdog cuts banks’ forex to capital ratio limit
ISTANBUL (Reuters) – Turkey’s BDDK banking watchdog has set the foreign currency net position to standard capital ratio for banks at a maximum 5% according …
UniCredit faces higher ECB capital requirement as risks rise – Bloomberg News
(Reuters) – UniCredit SpA is facing the possibility of higher capital requirements next year, with the European Central Bank (ECB) seeking to ensure the Italian …
ALD CEO: most existing shareholders fully subscribing to capital increase
By Nick Carey LONDON (Reuters) – Most of ALD’s existing shareholders are participating in a 1.2 billion euro ($1.27 billion) capital increase launched to finance …
Police Superintendent Of US ‘Murder Capital’ Retiring After Hundreds Of Cops Leave Department
Police Superintendent Of US ‘Murder Capital’ Retiring After Hundreds Of Cops Leave Department Trevor Schakohl on December 7, 2022 The New Orleans Police Department’s (NOPD) …
Afghan capital hit by attacks near ex-PM Hekmatyar’s office, Pakistan Embassy
KABUL (Reuters) -One person was killed on Friday in a suicide bomb attack near the Kabul office of the Hezb-e-Islami party, former Afghan Prime Minister …