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NYPD rookie accused of stealing $87K from Wells Fargo clients for Aruba trip, BMW payments, and glute workouts
WHITE PLAINS, N.Y. — A New York City police officer has been charged with stealing more than $87,000 from Wells Fargo customer accounts in an alleged scheme that funded luxury car payments,…
Brazil shipping agents warn clients drought disrupting corn shipping on barges
By Ana Mano SAO PAULO (Reuters) – A severe drought is disrupting barge traffic on the Tapajos river in the Amazon rainforest, shipping agencies told clients this week as Brazil enters the…
Deutsche Bank to hold crypto for institutional clients
By Elizabeth Howcroft LONDON (Reuters) – Deutsche Bank has partnered with Swiss crypto firm Taurus to provide custody services for institutional clients’ cryptocurrencies and tokenised assets, Taurus said in a statement on…
Citigroup’s Asia family office clients poised to grow 25% in 2023
By Xie Yu HONG KONG (Reuters) – Citigroup’s Asia family office business expects a 25% increase in clients this year, the U.S. bank’s regional head of its family office advisory business said,…
Citigroup CEO of institutional clients group Paco Ybarra to leave – memo
By Lananh Nguyen NEW YORK (Reuters) – Paco Ybarra, the CEO of Citigroup’s institutional clients group, will leave in the first half of next year, according to an internal memo seen by…
Swiss bank Julius Baer to end business with clients in Russia-letter
By Brenna Hughes Neghaiwi ZURICH (Reuters) -Swiss private bank Julius Baer will end all business with clients based in Russia, it told them in a letter seen by Reuters on Tuesday, as…
US court orders law firm Covington to name some clients for SEC probe
By Andrew Goudsward (Reuters) -Covington & Burling must identify some clients caught up in a 2020 hack on the law firm to the U.S. Securities and Exchange Commission, a federal judge in…
McKinsey partners with startup Cohere to help clients adopt generative AI
By Krystal Hu (Reuters) – Consultancy giant McKinsey said it had struck a partnership with artificial intelligence startup Cohere in an effort to provide AI solutions to its enterprise clients. This is…
World’s biggest gallium buyer says clients stockpiling
By Ludwig Burger FRANKFURT (Reuters) – China’s planned export controls on gallium have caused frantic stockpiling of speciality semiconductor wafers made from the metal, according to the world’s largest gallium buyer. Freiberger…
Australian watchdog urges banks to move Indigenous clients into low-fee accounts
(Reuters) -Australia’s corporate regulator on Wednesday asked the country’s banks to disclose data on fees charged to Indigenous consumers after a review found they were not meeting targets for moving First Nations…
Exclusive-Credit Suisse seeks to win back clients back with above-market rates
By Vidya Ranganathan and Stefania Spezzati SINGAPORE/LONDON (Reuters) – Credit Suisse, driven into a rescue by UBS after heavy cash outflows, is seeking to claw back business by offering rich clients some…
Lake Success Attorney Arraigned for Allegedly Stealing Client’s Insurance Settlement Funds
MINEOLA, NY – Sean O’Leary, 64, a Lake Success attorney, was arraigned Wednesday before Judge Norman Sammut on one count of Grand Larceny in the Second Degree for allegedly stealing $60,000 from…
Saab eyes Colombia, Peru as potential Gripen clients amid Latam push
By Rodrigo Viga Gaier and Gabriel Araujo RIO DE JANEIRO (Reuters) – Sweden’s Saab AB is looking to boost sales of its Gripen fighter in Latin America, eyeing potential purchases by Colombia…
CIO of New York City investment advisor gets 15 years in prison for defrauding clients
NEW YORK, NY – James Velissaris, founder and former chief investment officer of New York-based investment adviser Infinity Q Capital Management, has been sentenced today to 15 years in prison for participating…
BlackRock calls on clients to rethink hedging strategy after UK pension crisis
By Tommy Wilkes LONDON (Reuters) – BlackRock’s liability-driven investment business is urging some smaller UK pension fund clients to stop splitting assets across multiple managers, as it tries to cut the complexity…
HSBC urges SVB UK staff to assure clients their cash, loans are safe – memo
LONDON (Reuters) – HSBC’s top bosses have called on employees at the rescued British arm of failed U.S. lender Silicon Valley Bank to assure clients “their deposits are safe and loans are…
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 their deposits to its newly created bridge…
Niagara Falls Woman Going To Prison For Stealing Hundreds Of Thousands Of Dollars From Investment Firm Clients
CONTACT: Barbara Burns PHONE: (716) 843-5817 FAX #: (716) 551-3051 BUFFALO, N.Y.-U.S. Attorney Trini E. Ross announced today that Jennifer Campbell,…
Owner of Brooklyn-Based Credit Counseling Business Indicted for Defrauding Clients
An eight-count indictment was unsealed today in federal court in Brooklyn charging Marat Lerner, president of the Lerner Group, with conspiracy to commit wire fraud, wire fraud, and money laundering in connection…
Jersey City attorney charged for bilking clients out of $2,000,000
JERSEY CITY, NJ – A New Jersey attorney is alleged to have defrauded a family out of approximately $2,000,000 when he was retained to repatriate money the family had saved in an…
Walmart partners with Salesforce to offer GoLocal services to its retail clients
By Siddharth Cavale NEW YORK (Reuters) – Walmart Inc on Thursday said it has entered into a partnership with software giant Salesforce to provide its retail customers with store pickup and delivery…
Shopify launches new subscription product to lure big retail clients
(Reuters) – Shopify Technologies Inc on Tuesday launched a new service aimed at big retailers that will allow them to select tools and services the Canadian tech giant offers and integrate it…
China regulator asks Futu and UP Fintech to stop soliciting mainland clients
SHANGHAI/HONG KONG (Reuters) -China’s securities regulator said on Friday that online brokerages Futu Holding and UP Fintech Holding have conducted unlawful securities businesses, and will be banned from opening new accounts from…
Hedge fund Citadel expects to return $7 billion in profits to clients – source
By Carolina Mandl (Reuters) – Hedge fund Citadel expects to return about $7 billion in profits to its investors in the first week of January after a stellar performance this year, a…
Credit Suisse clients are returning, CEO of bank’s Swiss business says
ZURICH (Reuters) – Credit Suisse’s client withdrawals have stabilised and reversed in some cases, Andre Helfenstein, the head of Credit Suisse’s Swiss business said in an interview with local newspaper NZZ. Last…
ZKB not poaching Credit Suisse clients – CEO in paper
ZURICH (Reuters) – Zuercher Kantonalbank is not trying to poach clients from embattled Credit Suisse, the state-backed cantonal bank’s chief executive said in a newspaper interview published on Saturday. Amid a social…
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