By Safiyah Riddle (Reuters) – U.S. small businesses are paying the most for loans in 16 years as borrowing costs have skyrocketed under the Federal Reserve’s aggressive interest rate hikes, …
Credit
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SEOUL (Reuters) – Customer withdrawals from MG Community Credit Cooperatives (MGCCC), a troubled South Korean credit union, have clearly stabilised amid government efforts to ward off a liquidity crunch, the …
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The Consumer Financial Protection Bureau (CFPB) ordered Bank of America to pay customers over $100 million for unlawfully charging junk fees to customers among other misconduct, according to a CFPB …
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ERWIN, NY – The New York State Police are investigating the use of a credit card skimming device at Walmart in the town of Erwin, Steuben County. The device was …
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UBS shelves plan for new China fund unit, takes over Credit Suisse joint venture – sources
by ReutersBy Selena Li and Samuel Shen HONG KONG (Reuters) – UBS has halted plans to set up a new fund unit in China and decided to maintain ownership in a …
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By Jihoon Lee SEOUL (Reuters) -South Korean state-run banks are providing at least two trillion won ($1.54 billion) of liquidity support to a credit union hit by customer withdrawals, joining …
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VIENNA (Reuters) – Saudi National Bank wanted to increase its stake in Credit Suisse to around 40% from 9.88%, but was prevented from doing so by Swiss regulator FINMA, Blick …
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NEW YORK CITY, NY – The New York City Police Department has requested public assistance in identifying individuals related to a grand larceny case. On Saturday, June 24, around 03:00 …
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(Reuters) – Bank credit for U.S. commercial banks expanded slightly in the last week of June, even as commercial and industrial lending ticked down, Federal Reserve data released on Friday …
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(Reuters) – A clearer outlook on the United States’ monetary policy cycle, economic policy adjustments and fewer energy price shocks make for more stable credit conditions for sovereigns across Europe, …
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Parrish, FL – The Manatee County Sheriff’s Office is currently investigating multiple cases of credit card fraud linked to a former employee at Oil Masters Quik Lube, located on Old …
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By Ananta agarwal (Reuters) – Small U.S. homebuilders are backing off from bringing more houses to the market, discouraged by a banking crisis-led credit squeeze and rising borrowing costs, industry …
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By Tatiana Bautzer NEW YORK (Reuters) – Credit Suisse Group AG on Thursday appointed an investment banking management committee to oversee its integration with UBS Group AG, according to a …
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BUENOS AIRES (Reuters) – The World Bank and the Inter-American Development Bank (IDB) will provide Argentina with funds totaling over $1 billion, the South American nation’s economy ministry said on …
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By Josh Ye HONG KONG (Reuters) – Chinese tech giants Tencent Holdings and Ant Group said that they would allow users to link international credit cards to their platforms, an …
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BROOKLYN, NY – On Thursday, Jose Solano, a 31-year-old male, was arrested by the 60th Police Department. Solano, a resident of 87 Lexington Avenue, Brooklyn, faces charges of Grand Larceny, …
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VINELAND, NJ – A suspect who used stolen identity and credit card information to purchase $5,889.32 worth of goods from the Home Depot in Vineland, Cumberland County, is being sought …
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NEW YORK CITY, NY – The New York City Police Department seeks the public’s assistance in identifying an individual connected with a grand larceny case that unfolded in the 121 …
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By Kane Wu and Selena Li HONG KONG (Reuters) – UBS will start cutting Asia investment banking jobs at Credit Suisse next month, three people with knowledge of the matter …
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TRENTON, NJ – A new bill has been introduced that would allow volunteer firefighters and first aid or rescue squad members to claim an additional tax exemption of $5,000. To …
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ZURICH (Reuters) – Credit Suisse shares closed 1% higher at 0.81 Swiss francs ($0.89) on Monday, their last trading day after the stricken bank’s takeover by Swiss rival UBS. Under …
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By Noele Illien and John Revill ZURICH (Reuters) -UBS Chief Executive Sergio Ermotti said on Monday that around 10% of Credit Suisse employees had left before the bank sealed its …
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By Tomasz Janowski, Oliver Hirt and John Revill ZURICH (Reuters) – With its Credit Suisse takeover officially wrapped up, UBS must now make good on its promise that the government-orchestrated …
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NEW YORK, NY – Three women are wanted for theft inside a Broadway fitness center and then using stolen credit cards to make purchases illegally. It was reported to the …
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(Reuters) – UBS AG is set to impose tight restrictions on Credit Suisse bankers, including a ban on new clients from high-risk countries and on complex financial products, the Financial …