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Credit

Credit Suisse entities agree to settle lawsuit in U.S. for $81 million – court filing

February 12, 2022
Credit suisse entities agree to settle lawsuit in u. S. For $81 million - court filing - photo licensed by shore news network.

WASHINGTON – Credit Suisse Group AG entities, among six defendants in a lawsuit originally filed by Iowa Public Employees Retirement System and other retirement associations, …

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Credit Suisse downgrades global equities on key macro concerns

February 11, 2022February 11, 2022
Credit suisse downgrades global equities on key macro concerns - photo licensed by shore news network.

– Credit Suisse on Friday downgraded global equities to “benchmark” rating from “overweight”, citing the need for the U.S. Federal Reserve to raise interest rates …

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Credit Suisse sweetens deal for senior bankers with 800 million Sfr in upfront cash

February 10, 2022
Credit suisse sweetens deal for senior bankers with 800 million sfr in upfront cash - photo licensed by shore news network.

By Brenna Hughes Neghaiwi ZURICH – Credit Suisse’s bonus pool fell 32% in 2021, the bank said on Thursday, as the bank slashed regular deferred …

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France’s Credit Agricole beats profit target a year early

February 10, 2022
France's credit agricole beats profit target a year early - photo licensed by shore news network.

LONDON -Credit Agricole SA beat its 2022 profit target a year early as lower costs for troubled loans and rising revenues across business lines boosted …

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Ant-backed MYBank fined for violating credit scoring management rules

February 7, 2022
Ant-backed mybank fined for violating credit scoring management rules - photo licensed by shore news network.

SHANGHAI – China’s central bank has imposed a 22.37 million yuan ($3.52 million) fine on MYBank, the online bank backed by China’s Ant Group, for …

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Brooklyn man gets up to nine years in prison for million dollar credit union theft

February 4, 2022

BROOKLYN, NY – Brooklyn District Attorney Eric Gonzalez today announced that a Brooklyn man has been sentenced to three to nine years in prison following …

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Carlyle in talks to acquire credit investment firm CBAM -sources

February 4, 2022February 4, 2022
Carlyle in talks to acquire credit investment firm cbam -sources - photo licensed by shore news network.

By Chibuike Oguh – Buyout firm Carlyle Group Inc is in talks to acquire CBAM Partners in a bid to grow its credit investment platform …

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Credit Suisse quits wealth management in several African countries

February 4, 2022February 4, 2022
Credit suisse quits wealth management in several african countries - photo licensed by shore news network.

ZURICH – Credit Suisse is pulling out of its wealth management business in a number of African countries, and the private clients are to switch …

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Credit Suisse hires Oliver Wyman adviser as investment banking vice chair – memo

February 3, 2022
Credit suisse hires oliver wyman adviser as investment banking vice chair - memo - photo licensed by shore news network.

By Emma-Victoria Farr LONDON – Credit Suisse has hired a senior Oliver Wyman adviser as vice chairman of investment banking and capital markets, according to …

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Two Georgia Residents Indicted For Scheme to Defraud Banks and Credit Unions in Green Bay and the Fox Valley

February 2, 2022
Two georgia residents indicted for scheme to defraud banks and credit unions in green bay and the fox valley - photo licensed by shore news network.

United States Attorney Richard G. Frohling of the Eastern District of Wisconsin announced that on February 1, 2022, a federal grand jury returned an indictment …

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U.S. yield curve inversion may be ‘false positive’ recession signal – Credit Suisse

February 2, 2022February 2, 2022
U. S. Yield curve inversion may be 'false positive' recession signal - credit suisse - photo licensed by shore news network.

NEW YORK – A U.S. Treasuries yield curve inversion this time around may not be the perfect predictor of a recession, a Credit Suisse strategist …

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Police Blotter: Credit card thief being sought by police in Pasco County

February 1, 2022
Police blotter: credit card thief being sought by police in pasco county - photo licensed by shore news network.

TRINITY, FL -On Jan. 25, a suspect stole credit cards from a car in a neighborhood area of Little Rd. and Mitchell Blvd., in Trinity. …

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Downtown Los Angeles Man Sentenced to 4 Years in Prison for Fraudulently Obtaining Credit Cards He Used at Luxury Retail Shops

January 31, 2022
Downtown los angeles man sentenced to 4 years in prison for fraudulently obtaining credit cards he used at luxury retail shops - photo licensed by shore news network.

          LOS ANGELES – A Los Angeles man was sentenced today to 48 months in federal prison for leading a conspiracy that fraudulently obtained American …

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Court says Credit Suisse faces $45.5 million claim in money-laundering case

January 31, 2022January 31, 2022
Court says credit suisse faces $45. 5 million claim in money-laundering case - photo licensed by shore news network.

ZURICH – Swiss prosecutors are pursuing around 42.4 million Swiss francs ($45.5 million) in compensation from Credit Suisse in a money-laundering trial due to begin …

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Cory Booker, Dems push for permanent child tax credit as ‘A Signature Domestic Policy Achievement’

January 26, 2022
Cory booker, dems push for permanent child tax credit as ‘a signature domestic policy achievement’ - photo licensed by shore news network.

Five Senate Democrats are urging the White House to prioritize making the expanded child tax credit permanent as part of any potential spending package. The …

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Maryland Governor announces $9 million student loan debt tax credit

January 25, 2022
Maryland governor announces $9 million student loan debt tax credit - photo licensed by shore news network.

ANNAPOLIS, MD—Governor Larry Hogan today announced nearly $9 million in tax credits to more than 9,000 Maryland residents with student loan debt, awarded by the …

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Las Vegas Man Sentenced To Prison For Credit Card Fraud Scheme

December 21, 2021

LAS VEGAS – A Las Vegas man was sentenced yesterday to 111 months in prison for using skimming devices to steal victims’ identities and credit …

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Essex County Man Sentenced to Three Years in Prison for Unlawfully Possessing Firearm and Conspiring to Defraud Banks of Over $250,000 Using Stolen Credit Cards and Blank Checks

December 20, 2021
Essex county man sentenced to three years in prison for unlawfully possessing firearm and conspiring to defraud banks of over $250,000 using stolen credit cards and blank checks - photo licensed by shore news network.

NEWARK, N.J. – An Essex County, New Jersey, man was sentenced today to 36 months in prison for illegally possessing a firearm and conspiring to …

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CEO of Shreveport Federal Credit Union Pleads Guilty to Charges in Federal Court

December 14, 2021
Ceo of shreveport federal credit union pleads guilty to charges in federal court - photo licensed by shore news network.

SHREVEPORT, La. – United States Attorney Brandon B. Brown announced that Helen Godfrey-Smith, 72, of Shreveport, Louisiana, has pleaded guilty before United States District Judge …

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Identity thieves stole over 1,000 credit cards from mailboxes in Manhattan

December 9, 2021
Identity thieves stole over 1,000 credit cards from mailboxes in manhattan - photo licensed by shore news network.

NEW YORK, NY – Manhattan District Attorney Cyrus R. Vance, Jr., today announced the indictment of ten individuals for a $750,000 identity theft conspiracy committed …

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Las Vegas Man Sentenced To Prison For Stealing Credit And Debit Card Account Numbers To Purchase Show Tickets

December 8, 2021
Las vegas man sentenced to prison for stealing credit and debit card account numbers to purchase show tickets - photo licensed by shore news network.

LAS VEGAS – A Las Vegas man was sentenced today to 78 months in prison for stealing credit and debit card account numbers and profile …

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New York Man Indicted in Credit Card ‘Bust Out’ Scheme to Defraud Banks

December 8, 2021
New york man indicted in credit card ‘bust out’ scheme to defraud banks - photo licensed by shore news network.

NEWARK, N.J. – A New York man was indicted today by a federal grand jury in connection with a scheme to defraud banks by using …

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EXCLUSIVE: Child Tax Credit Is Driving Americans Toward Entrepreneurship, Has Little Effect On Workforce

December 8, 2021
Exclusive: child tax credit is driving americans toward entrepreneurship, has little effect on workforce - photo licensed by shore news network.

A new study suggests that the child tax credit (CTC) is not reducing overall employment nationwide but is driving some low and middle-income parents away …

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Las Vegas Man Sentenced To Prison For Using Skimming Devices At Gas Pumps To Steal Credit And Debit Card Information

November 22, 2021
Las vegas man sentenced to prison for using skimming devices at gas pumps to steal credit and debit card information - photo licensed by shore news network.

LAS VEGAS – A Las Vegas man was sentenced today to 61 months in prison for his role in a fraud scheme to steal thousands …

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Amazon Is Banning UK Visa Credit Cards From Its Platform

January 26, 2022November 17, 2021
Amazon is banning uk visa credit cards from its platform - photo licensed by shore news network.

Amazon will no longer accept Visa credit cards issued in the United Kingdom, the company announced Wednesday. The changes are set to go into effect …

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Bahamian Man Sentenced To Five Years In Prison For More Than $1.2 Million Credit Card Fraud Scheme

November 16, 2021November 16, 2021
Bahamian man sentenced to five years in prison for more than $1. 2 million credit card fraud scheme - photo licensed by shore news network.

Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, the Assistant Director-in-Charge of the New York Office …

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Union County Man Admits Bribing Mail Carriers To Steal Credit Cards

November 16, 2021November 16, 2021
Union county man admits bribing mail carriers to steal credit cards - photo licensed by shore news network.

NEWARK, N.J. – A Union County, New Jersey, man today admitted his role in a scheme to bribe postal employees to steal credit cards from …

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Romanian National Sentenced for Stealing $80K from Credit Union Accounts

November 10, 2021
Romanian national sentenced for stealing $80k from credit union accounts - photo licensed by shore news network.

TULSA, Okla. – A Romanian national was sentenced today in federal court for conspiring with others to steal close to $80,000 from credit union customers’ …

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Obama Takes Credit For Emissions Reductions Under Trump Administration

November 8, 2021

Former President Barack Obama took credit for the greenhouse gas emissions reductions that occurred under the Trump administration during a speech Monday. Obama explained that …

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D.C. Police seeking to identify Credit Card Fraudsters

November 1, 2021
D. C. Police seeking to identify credit card fraudsters - photo licensed by shore news network.

WASHINGTON, D.C. – Detectives from the Metropolitan Police Department’s Third District seek the public’s assistance in identifying and locating suspects in reference to Theft Two …

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Democratic 2020 Candidate Wants Government-Sponsored ‘Social Credit’ System Comparable To China’s

October 31, 2021October 31, 2021
Democratic 2020 candidate wants government-sponsored ‘social credit’ system comparable to china’s - photo licensed by shore news network.

Peter Hasson on November 17, 2018 New York entrepreneur and Democratic 2020 candidate Andrew Yang wants to implement a system in which a government-run mobile …

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Former Operations And Marketing Director At Lifeway Credit Union Charged With Fraud

October 28, 2021
Former operations and marketing director at lifeway credit union charged with fraud - photo licensed by shore news network.

NASHVILLE – A criminal Information was filed today, charging Monica Jackson, 42, of Murfreesboro, Tennessee, with embezzling over $242,000 from Lifeway Credit Union, announced Acting …

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Fresno Woman Pleads Guilty to Committing $100,000 in Credit Card Fraud

October 23, 2021
Fresno woman pleads guilty to committing $100,000 in credit card fraud - photo licensed by shore news network.

FRESNO, Calif. — Alena Nicole George, 43, of Fresno, pleaded guilty today to access device fraud, Acting U.S. Attorney Phillip A. Talbert announced. According to …

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Long-Time Fugitive Sentenced To 51 Months In Prison For Scheme To Steal 94,000 Debit And Credit Cards From Michaels’ Stores In 19 States

October 21, 2021
Long-time fugitive sentenced to 51 months in prison for scheme to steal 94,000 debit and credit cards from michaels’ stores in 19 states - photo licensed by shore news network.

CAMDEN, N.J. – A California man was sentenced today to 51 months in prison for his role in a conspiracy to steal 94,000 credit and …

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Credit Suisse Resolves Fraudulent Mozambique Loan Case in $547 Million Coordinated Global Resolution

October 19, 2021
Credit suisse resolves fraudulent mozambique loan case in $547 million coordinated global resolution - photo licensed by shore news network.

BROOKLYN, NY – Credit Suisse Group AG, a global financial institution headquartered in Switzerland, and Credit Suisse Securities (Europe) Limited (CSSEL), its subsidiary in the …

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Manchin Reportedly Outlines Demands For Democrats’ Climate Change, Child Tax Credit Plan

October 18, 2021
Manchin reportedly outlines demands for democrats’ climate change, child tax credit plan - photo licensed by shore news network.

Democratic Sen. Joe Manchin of West Virginia reportedly opposed two pieces of his party’s spending package as negotiations over its price tag and reach continue …

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Democrats Push For Green Energy Tax Credit Benefiting Union Workers In Budget

October 13, 2021
Democrats push for green energy tax credit benefiting union workers in budget - photo licensed by shore news network.

A group of more than 100 House Democrats urged Speaker Nancy Pelosi on Tuesday to include green energy handouts for union workers in their massive …

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The Boston PD needs Help Identifying Suspect That Broke in Car and stole credit cards

October 11, 2021
The boston pd needs help identifying suspect that broke in car and stole credit cards - photo licensed by shore news network.

BOSTON, MASSACHUSETTS – BPD Community Alert: The Boston Police Department is Seeking the Public’s Help to Identify a Suspect Wanted in Connection to a Motor …

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Democrats Are Pushing To Make The Child Tax Credit Permanent, But Just A Minority Of Americans Support It

October 6, 2021
Democrats are pushing to make the child tax credit permanent, but just a minority of americans support it - photo licensed by shore news network.

Democrats are pushing to permanently expand monthly child tax credits in their spending package, but a new poll shows that just 35% of Americans support …

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Essex County Man Sentenced to 21 Months in Prison for His Role in Conspiracy to Defraud Banks of More Than $250,000 Using Stolen Credit Cards and Checks

October 6, 2021
Essex county man sentenced to 21 months in prison for his role in conspiracy to defraud banks of more than $250,000 using stolen credit cards and checks - photo licensed by shore news network.

NEWARK, N.J. – Alexander Varice, 27, of South Orange, New Jersey, was sentenced today to 21 months in prison for his role in a conspiracy …

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Essex County Man Sentenced to 30 Months in Prison for Conspiring to Defraud Banks of over $250,000 using Credit Cards and Blank Checks

September 29, 2021
Essex county man sentenced to 30 months in prison for conspiring to defraud banks of over $250,000 using credit cards and blank checks - photo licensed by shore news network.

NEWARK, N.J. – An Essex County, New Jersey, man was sentenced today to 30 months in prison for conspiring to defraud two banks of more …

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Maryland Man Sentenced for Credit Card Fraud Offenses

September 25, 2021
Maryland man sentenced for credit card fraud offenses - photo licensed by shore news network.

PORTLAND, Maine: A Maryland man was sentenced today in federal court for using counterfeit credit cards, Acting U.S. Attorney Donald E. Clark announced. U.S. District …

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Two South Florida Women Sentenced to Federal Prison for Roles In Orchestrating Credit Card Fraud Conspiracy

September 23, 2021
Two south florida women sentenced to federal prison for roles in orchestrating credit card fraud conspiracy - photo licensed by shore news network.

Miami, FL – Two south Florida women were sentenced yesterday for their roles in a conspiracy to fraudulently obtain credit cards that they and other …

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Miami Man Sentenced To 8 Years In Federal Prison For Committing $650,000 In Credit Card Fraud

September 23, 2021
Miami man sentenced to 8 years in federal prison for committing $650,000 in credit card fraud - photo licensed by shore news network.

Tampa, Florida – U.S. District Judge Thomas Barber today sentenced Andre Moore (37, Miami) to eight years in federal prison for credit card fraud and …

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Dallas Man Used Stolen Credit Cards to Buy Tires in Four States

October 3, 2021August 19, 2021
Dallas man used stolen credit cards to buy tires in four states - photo licensed by shore news network.

WACO – A Dallas man was sentenced today to 57 months in prison and ordered to pay $341,520 in restitution for conspiring to commit identity …

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