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…
Owner of Brooklyn-Based Credit Counseling Business Indicted for Defrauding Clients
An eight-count indictment was unsealed today in federal court in Brooklyn charging Marat Lerner, president of the Lerner Group, with conspiracy to commit wire fraud, wire fraud, and money laundering in connection…
Credit Suisse sees money returning to the bank -CEO
ZURICH (Reuters) -Credit Suisse is seeing a reversal of outflows, CEO Ulrich Koerner said in an interview with CNBC in Davos on Wednesday. “Outflows have reduced very significantly and we are seeing…
Bronx Man Admits Role in Nationwide Credit Card Fraud Affecting Thousands of Account Holders
NEWARK, N.J. – A manager for a conspiracy that used stolen credit card information to make fraudulent retail purchases around the United States pleaded guilty today, U.S. Attorney Philip R. Sellinger announced.…
Hedge fund manager Boaz Weinstein bets market is wrong on Credit Suisse
By Nell Mackenzie LONDON (Reuters) – Hedge fund manager Boaz Weinstein doesn’t believe Credit Suisse will default on its debt but if it does, the derivatives trade he has on the bank…
Davos 2023: Scaramucci’s SkyBridge bets on $35k bitcoin, targets credit
By Divya Chowdhury and Lisa Pauline Mattackal DAVOS, Switzerland (Reuters) – SkyBridge Capital is betting on a sustained turnaround in cryptocurrency markets in 2023, the firm’s founder Anthony Scaramucci said, while admitting…
Credit Suisse set to cut 10% of European investment bankers -FT
(Reuters) – Swiss lender Credit Suisse is looking to cut more than 10% of its staff of European investment bankers this year, the Financial Times reported on Saturday, citing people with knowledge…
Consumers Are Paying Record Credit Card Rates Thanks To Sky-High Inflation
Consumers Are Paying Record Credit Card Rates Thanks To Sky-High Inflation John Hugh DeMastri on January 11, 2023 Average interest rates for bank-issued credit cards this past November surpassed a record set…
‘We Will Get It Over The Line:’ Red State Lawmaker Pushes Heartbeat Bill And Tax Credit For Pregnancy Centers
‘We Will Get It Over The Line:’ Red State Lawmaker Pushes Heartbeat Bill And Tax Credit For Pregnancy Centers Kate Anderson on January 11, 2023 Nebraska Sen. Joni Albrecht announced Wednesday she…
World Bank won’t abandon top credit rating to boost climate lending -Malpass
WASHINGTON (Reuters) – World Bank President David Malpass said on Tuesday that the lender is not considering giving up its top-tier credit rating as a means to expand lending as it revamps…
Credit Suisse nears deal to buy Michael Klein’s advisory firm – Bloomberg News
(Reuters) – Credit Suisse Group AG is close to an agreement to acquire former Citigroup executive Michael Klein’s advisory boutique, Bloomberg News reported on Monday. The Swiss bank will value M. Klein…
Credit reporting firms should fix practices amid consumer complaints- U.S. watchdog
By Hannah Lang (Reuters) – The U.S. Consumer Financial Protection Bureau (CFPB) on Tuesday recommended that Experian, Equifax and TransUnion change how they respond to consumers after logging almost half a million…
Credit Suisse clients are returning, CEO of bank’s Swiss business says
ZURICH (Reuters) – Credit Suisse’s client withdrawals have stabilised and reversed in some cases, Andre Helfenstein, the head of Credit Suisse’s Swiss business said in an interview with local newspaper NZZ. Last…
VERONIQUE DE RUGY: Here’s What Earned Income Tax Credit Proponents Get Wrong
VERONIQUE DE RUGY: Here’s What Earned Income Tax Credit Proponents Get Wrong Veronique de Rugy on December 16, 2022 For some time now, legislators have been eager to jack up subsidies for…
Swiss central bank sees onus on Credit Suisse to execute revamp
ZURICH (Reuters) – Credit Suisse needs to execute its revamp successfully and end a string of negative headlines from Switzerland’s second-biggest bank, Swiss National Bank Chairman Thomas Jordan said in an interview…
ZKB not poaching Credit Suisse clients – CEO in paper
ZURICH (Reuters) – Zuercher Kantonalbank is not trying to poach clients from embattled Credit Suisse, the state-backed cantonal bank’s chief executive said in a newspaper interview published on Saturday. Amid a social…
Philadelphia detectives investigating credit card skimming at city convenience store
PHILADELPHIA, PA – Philadelphia Police Department detectives are investigating a credit card skimming scam at a 7-11 and are searching for the suspect involved in the identify theft scheme, PPD Northwest Detective…
U.S. senator Manchin says Treasury should limit commercial EV tax credit use
By David Shepardson (Reuters) – U.S. Senator Joe Manchin, a Democrat who chairs the chamber’s energy panel, asked the Treasury Department on Tuesday not to allow a commercial electric vehicle tax credit…
Credit Suisse’s Greater China CEO to leave bank this week – memo
By Summer Zhen and Selena Li Hong Kong (Reuters) – Carsten Stoehr, Credit Suisse’s chief executive for its Greater China business, is leaving the bank, according to an internal memo seen by…
ECB to raise scrutiny of banks’ credit risk, funding in 2023 as recession looms
FRANKFURT (Reuters) – The European Central Bank will increase scrutiny over how banks manage credit risk and diversify funding, it said on Monday while outlining its 2023 priorities as the euro zone…
Jury Convicts D.C. Woman for Credit Card Fraud Scheme Involving Hundreds of Victims
ALEXANDRIA, Va. – A federal jury convicted a Washington, D.C. woman today on multiple charges of conspiracy to commit bank fraud, bank fraud, trafficking in unauthorized access devices, aggravated identity theft, unlawful…
Ex-JPMorgan, Credit Suisse trader convicted at U.S. spoofing trial
(Reuters) – A former trader at JPMorgan Chase & Co and Credit Suisse was convicted of fraud in U.S. court on Friday for scheming to manipulate precious metals futures through a trading…
Luzerne County Man Charged With Covid-Relief Fraud, Credit Card Fraud, And Identity Theft Offenses
SCRANTON – The United States Attorney’s Office for the Middle District of Pennsylvania announced that Reynard Lewis, age 29, formerly of Nanticoke, Pennsylvania, was charged on December 6, 2022, by a federal…
CRTC rejects Telus’ request to charge processing fee on credit card payments
(Reuters) – A Canadian regulator said on Thursday it had rejected Telus Corp’s request to charge a processing fee on credit card payments made by customers for its telecom services in Alberta…
Former President of Waterbury Credit Union Admits Embezzling $250K
Vanessa Roberts Avery, United States Attorney for the District of Connecticut, and David Sundberg, Special Agent in Charge of the New Haven Division of the Federal Bureau of Investigation, announced that TARA…
Automakers, South Korea urge U.S. to tap commercial EV tax credit
By David Shepardson WASHINGTON (Reuters) – Many automakers and the South Korean government are urging the Biden administration to tap a commercial electric vehicle tax credit to boost consumer EV access, a…
Breaking News
