Murphy to sign major tax credit bill boosting NJ manufacturing and clean energy sector
TRENTON, NJ – Governor Phil Murphy is expected to sign Assembly Bill 5687 into law on Wednesday, launching the “Next New Jersey Manufacturing Program,” a sweeping new initiative designed to attract major…
Taiwanese financial sector has low exposure to Credit Suisse -regulator
TAIPEI (Reuters) – The Taiwanese financial sector’s exposure to Credit Suisse is low and “controllable”, the island’s financial regulator said on Thursday. Taiwanese insurers – large investors on global bond markets –…
Swiss National Bank confirms that it will provide liquidity to Credit Suisse
ZURICH (Reuters) – The Swiss National Bank confirmed on Thursday that it will provide liquidity to Credit Suisse against sufficient collateral. “Within the framework of its statutory mandate, the SNB may provide…
How Credit Suisse has evolved over 167 years
ZURICH (Reuters) – Credit Suisse is to borrow up to $54 billion from the Swiss central bank to bolster liquidity and reassure investors after its shares slumped on fears of contagion from…
Japan bank lobby chief sees no signs of contagion from Credit Suisse woes
By Makiko Yamazaki TOKYO (Reuters) – The head of Japan’s banking lobby said on Thursday that there are no signs at the moment of the Japanese financial system being affected by a…
Jefferies sees softer impact of Credit Suisse crisis on India
(Reuters) – India’s banking sector will likely have a softer impact from the troubles at Credit Suisse, given the Swiss lender’s relatively small presence in the country, equity analysts at Jefferies said…
Credit Suisse plunge sends traders flocking to its U.S-listed options
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders piled into U.S.-listed options on Credit Suisse at a record pace on Wednesday, as worries over the future of the embattled Swiss bank…
Swiss government holds talks on options to stabilize Credit Suisse – Bloomberg News
(Reuters) – Swiss authorities and Credit Suisse Group AG are discussing ways to stabilize the bank, Bloomberg reported on Wednesday, citing people familiar with the matter. Credit Suisse leaders and government officials…
Suspect used stolen credit card at Brooklyn meat market
NEW YORK, NY – Police are searching for a suspect who used stolen credit cards at a Halal meat market near Prospect Park last Wednesday. According to police, the credit card used…
Credit Suisse executive board will not receive a bonus for 2022
ZURICH (Reuters) – Credit Suisse group’s executive board took home 32.2 million Swiss francs ($35.27 million) in fixed compensation while collectively forgoing a bonus for the first time in more than 15…
Moody’s downgrades credit ratings on Silicon Valley Bank, SVB Financial
(Reuters) – Rating’s agency Moody’s on Friday downgraded the ratings of SVB Financial Group and its bank subsidiary, Silicon Valley Bank. Moody’s slashed its credit ratings on Silicon Valley Bank’s long-term local…
Credit Suisse shares hit new all-time low as banks hit by U.S. fallout
ZURICH (Reuters) -Credit Suisse shares hit a new all-time low in early trading on Friday as the European banking sector suffered the fallout from a sharp sell-off in U.S. financial stocks. The…
Credit Suisse obtains key approval to launch wealth business in China
By Selena Li HONG KONG (Reuters) – Credit Suisse has received regulatory green light from China after years of waiting to launch a full-fledged wealth management business in the world’s second-biggest economy,…
S&P cuts Nissan credit rating to junk status
TOKYO (Reuters) – Nissan Motor Co Ltd’s credit rating was cut to junk status by S&P Global Ratings on Tuesday, which said the Japanese automaker’s earnings will remain weaker than previously assumed,…
U.S. CFPB’s bid to curb late credit card fees faces strong opposition
By Niket Nishant (Reuters) – A U.S. consumer watchdog’s proposal to slash late fees on credit cards is facing a rough road ahead as lenders gear up for what could turn out…
Brazil is closely monitoring credit market to ensure liquidity -Treasury
BRASILIA (Reuters) – The Brazilian government is closely monitoring the credit market to ensure liquidity and considering measures for specific sectors, Treasury Secretary Rogerio Ceron said on Monday. His comments come amid…
Investors favor allocations to macro, credit funds – Barclays survey
By Carolina Mandl NEW YORK (Reuters) – Investors such as pension funds and family offices plan to increase allocations to credit and global macro hedge funds in 2023, although their overall appetite…
Private credit investments surged 89% in 2022 – report
By Chiara Elisei LONDON (Reuters) – Private credit and infrastructure investments across emerging and developing markets surged to record levels in 2022 as borrowers looked for alternative financing options amid rising interest…
S.Korea’s household credit falls for first time in a decade
SEOUL (Reuters) – South Korea’s household credit shrank in the fourth quarter of 2022, its first quarterly decline in nearly a decade, central bank data showed on Tuesday. The country’s total household…
Credit Suisse Singapore CEO to leave in latest banker exit at firm
SINGAPORE (Reuters) – Credit Suisse Singapore chief executive officer, Chien Chien Wong, is leaving to pursue outside interests, according to a memo seen by Reuters, in the latest senior banker departure from…
Sheepshead Bay burglar took credit cards, Apple devices
NEW YORK, NY – Police in Brooklyn are trying to identify a man wanted for a break-in and burglary at home near Avenue U and 23rd Street in Sheepshead Bay on January…
Venezuelans say credit cards that were once lifeline now ‘useless’
By Mayela Armas CARACAS (Reuters) – Credit cards are becoming increasingly useless in Venezuela because of high inflation and government restrictions, hurting people already struggling to meet daily needs on low salaries,…
Nine global banks invest $45 million in carbon credit platform
LONDON (Reuters) – Nine global banks have invested a total of $45 million in a new platform to help scale up transactions of voluntary carbon credits and make it easier for their…
Multiple New Jersey businesses charged for credit card surcharge without notice
As inflation continues to cripple the average New Jerseyan, business owners are also suffering. Many business owners have resorted to charging credit card surcharges in order to maintain slimming profit margins. In…
Police in Wilkes-Barre warn of credit card skimmer at Bravo Supermarket
WILKES-BARRE, PA – Police in Wilkes-Barre are alerting customers and residents at the Bravo Supermarket on Main Street about a credit card skimmer device found at the store. The device scanned and…
Tesla raises Model Y prices by $1,000 after U.S. relaxes tax credit terms
(Reuters) – Tesla Inc raised prices in the United States of its best-selling vehicle, the Model Y, by $1,000 after the government raised the ceiling on the price of crossover electric vehicles eligible…
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