European credit CDS jumps as Fed-speak spooks markets
(Reuters) – The cost of insuring exposure to corporate bonds surged on Wednesday as stock markets tumbled on worries of aggressive U.S. rate hikes hurting …
Credit
Former CEO of Shreveport Federal Credit Union Sentenced on Federal Charges
SHREVEPORT, La. – United States Attorney Brandon B. Brown announced that Helen Godfrey-Smith, 72, of Shreveport, Louisiana, has been sentenced by United States District Judge …
Credit servicer doValue Greece gets $548 million bad loan mandate
ATHENS – Credit servicer doValue Greece, a subsidiary of Italy’s biggest debt recovery firm doValue, said on Tuesday it was awarded a new loan servicing …
Credit Card Thieves Had High-Tech Smuggling Compartment in Dashboard
BERGEN COUNTY, NJ – A high-tech cocaine dealer and credit card thief had a hidden compartment in his dashboard that opened electronically to hide his …
Moody’s withdraws all credit ratings on Russian entities
(Reuters) – Moody’s said on Thursday it has withdrawn all ratings on Russia and its rated Russian sub-sovereign entities. The company said it had decided …
Mexico finance panel notes risk of credit rating action on sovereign, Pemex
MEXICO CITY – Mexico’s financial stability council said on Wednesday that there is risk of credit rating action on the ratings for the sovereign and …
SHIELDS: Republicans Can Win Big In 2022 With The Child Tax Credit
SHIELDS: Republicans Can Win Big In 2022 With The Child Tax Credit Mike Shields on March 29, 2022 This year, Republicans have a chance to …
Kinecta Voted Best Credit Union in the South Bay According to the Easy Reader “Best of the Beach” Reader’s Poll
Exceptional Retail and Services Determined by Ballots Cast Online at EasyReaderNews.com during January and February 2022 MANHATTAN BEACH, Calif., March 29, 2022 — For a second …
Upgrade, Inc. Announces Partnership with One Hundred Credit Unions
Credit Unions of all sizes partner with Upgrade to acquire assets and new members SAN FRANCISCO, March 30, 2022 — Upgrade, Inc., a fintech company …
Newark Police Asks For Assistance Identifying Credit Card Thief
NEWARK, NJ – Do you know this man? Have you seen him? On March 23, 2022 police responded to the 500 block of 13th Avenue …
Kinecta Federal Credit Union wins MemberXP 2022 Best of the Best award
MANHATTAN BEACH, Calif., March 28, 2022 — MemberXP, a member experience management software from CU Solutions Group, has named Kinecta Federal Credit Union one of their …
Legislators Propose $500 Fuel and Inflation Credit in New Jersey as Murphy Touts Budget Surplus
TRENTON, NJ – Trenton lawmakers are proposing a $500 tax credit to help residents contend with soaring gas prices, energy costs, and inflation. With no …
Credit Suisse has stopped pursuing new client business in Russia
ZURICH – Credit Suisse stopped pursuing new business in Russia after the invasion of Ukraine on Feb. 24, the Swiss bank said on Monday in …
Some Credit Suisse shareholders don’t want to absolve executives of Greensill losses – FT
ZURICH – Some shareholders in Credit Suisse do not want the bank to hold a vote in the annual meeting on absolving senior executives from …
Credit Union President Sentenced to Prison for Embezzlement
PHOENIX, Ariz. – Susan Irene Romero, 64, of Gilbert, Arizona, was sentenced yesterday by U.S. District Judge John J. Tuchi to 26 months in prison …
Analysis-U.S. credit ‘relief’ rally could be short-lived as Fed rate risk looms
By Davide Barbuscia NEW YORK – U.S. credit markets saw some respite after the Federal Reserve hiked interest rates last week, but the relief is …
Moody’s to withdraw credit ratings on Russian entities
– Moody’s Investors Service (MIS) said on Thursday it intends to withdraw its credit ratings on Russian entities, following similar moves by Fitch and S&P …
US, UK, Canada export credit agencies halt support to Russia, Belarus over Ukraine war
WASHINGTON – The export credit agencies of the United States, Britain and Canada said on Wednesday that they are withdrawing new export credit support for …
Credit Agricole suspends services in Russia as banks retreat
By Iain Withers and Julien Ponthus LONDON – France’s Credit Agricole said on Tuesday it had suspended all services in Russia, joining a retreat by …
Scandal-hit Credit Suisse shakes up board with Schwan exit
By Silke Koltrowitz ZURICH -Credit Suisse shook up its board on Monday, including the departure of its influential vice chair Severin Schwan, as it attempts …
Kohl’s and Capital One Announce Multi-Year Extension of Credit Card Partnership
Companies Agree to Extend Private Label Credit Card Offering and Explore New Opportunities Together MCLEAN, Va., March 18, 2022 — Kohl’s (NYSE: KSS) and Capital …
JPM, Credit Suisse expect China COVID spike to have minimal impact on GDP
– The recent surge in COVID-19 cases across China is likely to have a minimal impact on the country’s GDP this year, two brokerages said …
Credit Suisse upgrades Chinese stocks to ‘overweight’
MILAN – Swiss bank Credit Suisse has upgraded Chinese stocks to ‘overweight’ following a recent commitment by the country’s policymakers to support the economy. “We …
Sri Lanka signs $1 billion credit line with India
COLOMBO – Sri Lanka’s Finance Minister Basil Rajapaksa signed a $1 billion credit line with India on Thursday to help ease crippling shortages of essential …
Final Defendant in International Credit Card Scheme with 71 Shell Companies and Moscow Connections Sentenced to Over 24 Years in Federal Prison
Aleksandr Maslov, 40, of Sacramento, was sentenced today by U.S. District Judge John A. Mendez to 24 years and four months in prison, for his involvement …
Member of Cuban Credit Card Skimming Crew Sentenced to Prison
NORFOLK, Va. – A Cuban man was sentenced today to 37 months in prison for conspiracy to commit bank fraud. According to court documents, Denis …
United States Attorney’s Office Resolves Lawsuit Against BayPort Credit Union for Violations of the Servicemembers Civil Relief Act
ALEXANDRIA, Va. – BayPort Credit Union (“BayPort”), located in Newport News, has agreed to pay nearly $110,000 to settle allegations that it violated the Servicemembers …
Buyout firm Carlyle to acquire CBAM in credit investment push
– Carlyle Group Inc said on Wednesday it would acquire credit investment platform CBAM Partners for nearly $787 million, in a deal that would make …
Upgrade Card the Fastest Growing US Credit Card According to Nilson Report
SAN FRANCISCO, March 9, 2022 — Upgrade, Inc., a fintech company that offers affordable and responsible credit, mobile banking and payment products to mainstream consumers, today …
Credit Suisse faces investor call to cut lending for fossil fuels
By Simon Jessop and Brenna Hughes Neghaiwi LONDON/ZURICH – Investors managing $2.4 trillion are calling on Credit Suisse to take tougher climate action, including cutting …
Shore legislators want $5,000 tax credit for volunteer firefighters, EMTs
TOMS RIVER, NJ – Shore area legislators are hoping their bill to create a $5,000 income tax exemption for volunteer firefighters and EMTs passes on …
Romanian Extradited to the United States, Charged With Selling Stolen Credit Card Information Obtained via Malware
A Romanian hacker has been charged with selling millions of stolen credit card numbers obtained through the use of malware, announced U.S. Attorney for the …
Swiss politician files criminal complaint against Credit Suisse
By Brenna Hughes Neghaiwi ZURICH – A Swiss member of parliament has filed a criminal complaint against Credit Suisse, he told Reuters on Friday, asking …
Luzerne County Couple Sentenced For Identity Theft And Credit Card Fraud Offenses Committed Against Their Neighbors
WILLIAMSPORT – The United States Attorney’s Office for the Middle District of Pennsylvania announced today that Ernest Stonebraker, age 33, and his wife, Theresa Stonebraker, …
Visa to cut consumer credit fees for U.S. small businesses by 10% – document
– Visa Inc will lower consumer credit interchange rates for small businesses in the United States by 10%, effective next month, to help merchants recovering …
Credit Suisse names Rawra head of clean tech banking for Canada – memo
– Credit Suisse has named Saad Rawra as its head of clean-energy technology banking and Canadian head of diversified industries group to help drive the …
Bank Employee Pleads Guilty to Credit Card Fraud
BUFFALO, NY – 53-year-old former Buffalo bank employee has pleaded guilty to grand larceny, identity theft, and a scheme to defraud after operating a credit …
Credit rating agency Scope downgrades Russia’s sovereign debt rating to ‘BB+’
– Credit rating agency Scope cut Russia’s sovereign debt ratings to BB+ on Tuesday and placed them under review for further downgrade, citing “severe strengthening” …
Philadelphia Credit Card Fraudsters Used Over 200,000 Illegal Cards Tied to Russia, Ukraine Black Market
PHILADELPHIA, PA – The Department of Justice has announced global credit card fraudsters Malan Doumbia, 38, and Souleymane Diarra, 36, both of Philadelphia, PA, were …
Las Vegas Man Admits Guilt in Counterfeit Credit Card Scheme that Resulted in $382K Loss in One Month
PITTSBURGH, PA – A former resident of Las Vegas, Nevada, pleaded guilty in federal court to a charge of conspiracy to commit access device fraud, …
Credit Suisse appoints Fitzgerald, McCaffrey, Rima to asset management roles
ZURICH – Credit Suisse announced on Tuesday three senior appointments to its asset management business, which will operate under a new organisational structure from April …
Check And Credit Card Scammer Sentenced to Five Years in Federal Prison for Bank and Wire Fraud
Baltimore, Maryland – U.S. District Judge Stephanie A. Gallagher sentenced Warren Tillery, age 46, of Atlanta, Georgia and previously of Baltimore to five years in …
Two Philadelphia Men Convicted of Running Credit Card Fraud Ring Using 200,000+ Stolen Accounts
PHILADELPHIA – United States Attorney Jennifer Arbittier Williams announced that Malan Doumbia, 38, and Souleymane Diarra, 36, both of Philadelphia, PA, were convicted after trial …
Russia-Ukraine volatility hits hard already hammered U.S. credit
By Davide Barbuscia NEW YORK – U.S. credit markets have been churning with more volatility spurred by Russia’s invasion of Ukraine, on top of uncertainty …
Essex County Man Admits Using Credit Cards Stolen from U.S. Mail to Attempt to Defraud Banks of Over $300,000
NEWARK, N.J. – An Essex County, New Jersey, man today admitted scheming with at least one U.S. Postal Service (USPS) employee and others to steal …
Germany suspends Hermes export credit guarantees for Russia – Handelsblatt
BERLIN – Germany is making it more difficult for companies to do business with Russia by suspending Hermes credit guarantees for exports, daily Handelsblatt reported …
Chilean National Sentenced to Federal Prison for Vehicle Break-In and Credit Card Fraud Scheme
BOISE – A Miami Beach, Florida man was sentenced to two years in federal prison for wire fraud stemming from his participation in a vehicle …
Germany not affected by reports of Credit Suisse data leak – finance ministry
BERLIN – Germany does not think it is affected by a leak of Credit Suisse client data that was published by an investigative journalism network, …
Newark police searching for perp who stole and used credit card
NEWARK, NJ – Newark Public Safety Director Brian A. O’Hara requests the public’s help with identifying a suspect, who was captured on surveillance video cameras …
Credit Suisse paid out millions despite compliance alert, drugs trial told
By Stephanie Nebehay BELLINZONA, Switzerland – An ex-Credit Suisse manager told a Swiss court on Monday that millions of euros were paid out of accounts …