IMF board approves $18.5 billion flexible credit line for Chile
(Reuters) – The Executive Board of the International Monetary Fund (IMF)approved a flexible credit line of around $18.5 billion for Chile to “augment buffers and …
Credit
Euro zone business credit growth surges again in July
(Reuters) – Lending to euro zone companies continued to surge in July, beating expectations for a slowdown due to rising recession fears and plans by …
Kearny Police Say Credit Card Skimming on the Rise
KEARNY, NJ – Police in Kearny and the surrounding are have reported an increase in credit card skimming. That’s the act of stealing your credit …
Man Sentenced to 42 Months’ Imprisonment for Attempting to Rob the Vermont Federal Credit Union in Burlington
The Office of the United States Attorney for the District of Vermont stated that Donald McCandless, 43, formerly of Norfolk, Virginia, was sentenced today in …
As U.S. interest rates soar, four ways to manage credit cards now
By Chris Taylor NEW YORK (Reuters) – Try holding your credit card up to your ear, real close. You might hear the soft tick, tick, …
Turkey cenbank takes steps to address credit availability after rate cut
ANKARA (Reuters) -Turkey’s central bank unveiled new measures on Saturday meant to address credit availability including higher reserve requirement collateral for lenders, days after it …
Buffalo Man Pleads Guilty For His Role In String Of Credit Union Robberies
CONTACT: Barbara BurnsPHONE: (716) 843-5817FAX #: (716) 551-3051 BUFFALO, N.Y.- U.S. Attorney Trini E. Ross announced today that Ronald Morris, 47, of Buffalo, NY, pleaded guilty to aggravated …
New York City EMT Charged After Stealing Credit Card from 79-Year-Old Patient
From the desk of Melinda Katz, Queens District Attorney NEW YORK, NY -Queens District Attorney Melinda Katz announced today that FDNY emergency medical service responder …
Credit Suisse top shareholder asks for investment bank overhaul – Bloomberg News
(Reuters) – Credit Suisse Group AG’s top shareholder Harris Associates has asked the Zurich-based lender to fix its investment bank unit or seek other options, …
Colombia financial regulator may take steps to curb credit limits
BOGOTA (Reuters) – Colombia’s financial regulator said on Wednesday it could take measures to counteract ballooning consumer credit limits and tackle rising household debt as …
Police Seeking Robbery Suspect Who Used Victim’s Credit Cards at Liquor Store
NEWARK, NJ – An armed robbery suspect was identified by security cameras after he used credit cards belonging to his victim to make a purchase …
Norfolk Man Guilty of Stealing Identities to Defraud Navy Federal Credit Union
NORFOLK, Va. – A Norfolk man pleaded guilty today to aggravated identity theft and bank fraud in connection with a fraud scheme targeting Navy Federal …
D.C. Home Invader Captured On Surveillance After Using Stolen Credit Card
WASHINGTON, D.C. – The D.C. Metro Police are asking for help identifying a suspect who burglarized a residence, stole a car, and used a stolen …
JP Morgan’s global head of credit markets to depart bank
LONDON – JP Morgan’s global head of credit markets and public finance Guy America will depart the bank, according to an internal memo seen by …
Suspect Broke Into Philadelphia Family’s Home While They Slept in Bed, Used Their Stolen Credit Cards
PHILADELPHIA, PA – The Philadelphia Police Department is asking the public to help identify a home invader who broke into a Paoli Street home on …
Credit Suisse investor Harris says stake increase reflects reporting change
ZURICH – Credit Suisse shareholder Harris Associates’ increased holding in the Swiss bank reflected an adjustment in how it reports stakes to the U.S. regulator, …
Ringleader of credit card skimming scheme sent to prison
HOUSTON – A 31-year-old Cuban citizen who resided in Houston has been sentenced for his role as leader of an organization that installed hundreds of …
Three Defendants Sentenced In Fraud And Identity Theft Scam Targeting Customers Of Banks And Credit Unions
Three Miami Residents Stole $1,400,000 From Hundreds of Depositors by Posing as Security Officials to Obtain Access to Online Accounts. …
Credit Suisse says it has no big exposure to Mexico’s Credito Real
ZURICH – Credit Suisse is not exposed to any large losses among lenders to embattled Mexican firm Credito Real, the Swiss bank said on Saturday, …
Credit Suisse shares falter on bleak ratings news
(Reuters) – Shares of Credit Suisse fell more than 6% on Tuesday after ratings agencies Moody’s and S&P’s “negative” outlook on the Swiss bank, days …
Philadelphia Police Investigating Suspect Who Used Credit Cards Stolen During Robbery
PHILADELPHIA, PA – The Philadelphia Police is investigating a robbery that took place in the 9th district Central Detective Division is seeking the public’s help …
As credit demand grows in India, banks may soon be scrambling for deposits
By Nupur Anand and Swati Bhat MUMBAI – Loan growth in India is at a three-year high and seen inching up further as economic activity …
Asia credit investors feel the pain of China property exposure
By Xie Yu HONG KONG – China’s crisis-hit property sector has driven underperformance this year in some Asia-focused credit funds, including one led by a …
Restructuring whiz Koerner lands in Credit Suisse CEO hot seat
By Oliver Hirt ZURICH – Ulrich Koerner, a Porsche fan and rally driver, will need all his navigation skills to steer loss-making Credit Suisse towards …
Credit Suisse names Koerner as CEO, sets strategic review
ZURICH – Credit Suisse named asset management expert Ulrich Koerner as its new chief executive on Wednesday, the latest sign of churn at the Swiss …
Credit Suisse to name Ulrich Korner as its next CEO – FT
(Reuters) – Credit Suisse is set to announce Ulrich Korner as its new chief executive officer, replacing Thomas Gottstein, the Financial Times reported on Tuesday. …
Credit Suisse eyes more cost cuts, SonntagsZeitung reports
ZURICH – Credit Suisse is considering how it could cut costs further after a dismal performance by the embattled bank in the past quarter, SonntagsZeitung …
Sixth Member Of Credit Card Fraud Conspiracy Sentenced To Federal Prison
Tampa, Florida – U.S. District Judge Virginia Hernandez Covington has sentenced Lazaro Adrian Quintana Martinez (27, Tampa) to four years and three months in federal …
Credit Suisse signs Mexico alliance agreement with Actinver
ZURICH – Credit Suisse has signed an alliance agreement with Corporacion Actinver to develop their wealth management businesses in Mexico, the Swiss bank said on …
KfW credit line for Uniper could be raised to 8 billion eur – Handelsblatt
BERLIN – The credit line facility by Germany’s state-owned KfW bank for gas importer Uniper is planned to be raised to 8 billion euros ($8.2 …
Experian first-quarter revenue rises on robust credit demand
(Reuters) -Experian reported higher first-quarter total revenue on Thursday, as the world’s largest credit data firm benefited from a robust demand in demand and supply …
Evesham Police Searching for Van Involved in Stolen Credit Card Purchases
EVESHAM, NJ – The Evesham Police Department is searching for the operator of a yellow van who used stolen credit cards at a local Wawa. …
Credit Suisse delays real estate fund’s float due to market turbulence
ZURICH – Credit Suisse has postponed the initial public offering of its 1a Immo PK real estate fund, the bank said on Wednesday, citing current …
The White House Is Already Trying To Take Credit For Falling Gas Prices. Here’s Why That’s Malarkey
The White House Is Already Trying To Take Credit For Falling Gas Prices. Here’s Why That’s Malarkey Jack McEvoy on July 12, 2022 A Biden …
Moody’s cuts Mexico’s credit rating by one notch, but improves outlook
MEXICO CITY – Moody’s Investors Service on Friday cut Mexico’s credit rating by one notch as it expects weak investment prospects and increased structural rigidities …
U.S. consumer credit growth slows considerably in May
WASHINGTON – U.S. consumer credit rose at its slowest pace in four months in May as Americans pulled back on credit card usage, a trend …
China tightens rules on $1.3 trln credit card business
SHANGHAI – China unveiled tighter rules late on Thursday to better regulate its $1.3 trillion credit card industry, urging lenders to adopt a “prudent” growth …
Kinecta Federal Credit Union Helps Students Succeed and Invites the Community to Join its 13th Annual Backpack Drive
Backpacks filled with school supplies will be distributed to nonprofit community and school partners in New York ROCHESTER, N.Y., July 6, 2022 — As part of …
Kinecta Federal Credit Union Helps Students Succeed and Invites the Community to Join its 13th Annual Backpack Drive
Backpacks filled with school supplies will be distributed to nonprofit community and school partners in California MANHATTAN BEACH, Calif., July 6, 2022 — As part …
NYC Man Became Disorderly After Being Flagged for Fraudulent Credit Cards at Holmdel Best Buy
HOLMDEL, NJ – A New York City man has been charged after causing a disturbance at the Holmdel Best Buy store on Friday, according to …
New Orleans Man Sentenced to Nine Years in Federal Prison for Massive Credit Card Fraud Scheme
NEW ORLEANS, LOUISIANA – On June 30, 2022 United States District Judge Eldon E. Fallon sentenced MAURICE DURIO, age 42, a New Orleans native to …
Credit Suisse names new head of Swiss private banking
ZURICH – Credit Suisse on Tuesday said it was naming Roger Suter its new head of private banking in Switzerland, succeeding current manager Serge Fehr. …
Police Searching for Bethesda Credit Card Thieves
BETHESDA, MD – Police are seeking to identify suspects involved in a credit card theft. Detectives are asking for the public’s assistance in identifying a …
North Bay Accountant Sentenced To 29 Months In Prison For Bank Fraud, Embezzlement Of Credit Union Funds, And Tax Evasion In Connection With Schemes To Defraud Cavallo Point Lodge And Redwood Credit Union
SAN FRANCISCO – Stephanie Simontacchi was sentenced to 29 months in prison for bank fraud, embezzlement of credit union funds, and tax evasion in connection …
Credit Suisse faces verdict in cocaine-cash trial
By Brenna Hughes Neghaiwi and John O’Donnell ZURICH – Swiss judges are set to rule on Monday whether Credit Suisse failed to prevent money laundering …
Pawtucket Man Sentenced in Stolen ID, Credit Card Fraud Scheme
PROVIDENCE – A Pawtucket man has been sentenced to thirty months in federal prison for his participation in a conspiracy to use stolen identities to …
Credit Agricole sees profit topping 6 billion euros in 2025, growth in Italy
By Matthieu Protard PARIS -French bank Credit Agricole is targeting a net profit of more than 6 billion euros ($6.3 billion) by 2025 and sees …
GEORGIA MAN CHARGED WITH CREDIT CARD FRAUD
St. Thomas, USVI – United States Attorney Delia L. Smith announced today that Demonn Chadwick Jenkins II, 27, of Georgia, appeared before United States Magistrate …
Credit Suisse rejects $515 million claim linked to fraudulent adviser
ZURICH – Credit Suisse on Sunday rejected a claim by Russian businessman Vitaly Malkin for 500 million francs ($515.62 million) he linked to a former …
California Man Sentenced To Prison For Fraudulently Obtaining Over 700 Credit Card Numbers To Purchase $500,000 In Las Vegas Event Tickets
LAS VEGAS – A California resident was sentenced yesterday by U.S. District Judge James C. Mahan to five years in prison followed by three years …