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…
Blackstone’s credit fund reaches withdrawal limit
NEW YORK (Reuters) – Blackstone Inc said redemptions from its $50 billion non-traded business development company reached its pre-set limit for the first time but investors were still allowed to cash out…
Credit Agricole stops loans for new oil fields, plans more emission cuts
By Olivier Sorgho and Virginia Furness PARIS (Reuters) – France’s biggest retail lender Credit Agricole said on Tuesday it has stopped financing new oil extraction projects and laid out plans to cut…
BlackRock and Tradeweb Markets partner on credit trading
NEW YORK (Reuters) – The world’s largest asset manager BlackRock Inc and trading platform Tradeweb Markets Inc are partnering to enhance electronic bond trading, the companies said on Tuesday. Users of BlackRock’s…
Vietnam central bank raises cap on 2022 credit growth
HANOI (Reuters) -Vietnam’s central bank said on Monday it had raised its 14% cap on the local banking system’s credit growth for this year by 1.5-2.0 percentage points. The move comes after…
Credit Suisse’s investment bank draws interest from Saudi crown prince – WSJ
(Reuters) – Investors including Saudi Arabia’s crown prince and a U.S. private-equity firm run by a former Barclays CEO have shown interest in investing $1 billion or more in Credit Suisse’s new…
Credit Suisse chairman says outflows have basically stopped
ZURICH (Reuters) – Credit Suisse Chairman Axel Lehmann said in a TV interview with Bloomberg on Friday the embattled bank’s outflows have basically stopped and that it is seeing partial inflows. Credit…
Credit Suisse shares get closer to offer price in $2.4 billion cash call
MILAN (Reuters) – Credit Suisse shares fell to a fresh record low on Thursday approaching the offer price of the 2.24 billion Swiss francs ($2.37 billion) rights issue the loss-making bank needs…
Credit default ratio in Brazil hits highest in almost 4 years
BRASILIA (Reuters) – A broad measure of Brazilian consumer and business credit default ratios rose in October to its highest level in almost four years, central bank data showed on Monday, amid…
Euro zone credit growth remains brisk despite gloomy outlook
FRANKFURT (Reuters) – Bank lending to euro zone companies held steady, maintaining the sector’s biggest borrowing binge in over a decade, despite rising interest rates and a looming recession, European Central Bank…
Few Credit Suisse clients have closed accounts – CEO of the bank’s Swiss unit
ZURICH (Reuters) – The head of Credit Suisse’s Swiss unit said “some customers have withdrawn some of their money, but very few have actually closed their accounts.” Last week, Switzerland’s second-largest bank…
Credit Agricole is weighing foray into German car-sharing: media report
FRANKFURT (Reuters) – French bank Credit Agricole is weighing plans to offer car-sharing financial services in Germany because the growing market offers opportunities to challenge incumbent players, an executive told trade publication…
Brazil to allow credit fintechs to initiate payment transactions
BRASILIA (Reuters) -Brazil’s National Monetary Council on Friday decided to allow credit fintechs to initiate payment transactions, the central bank said, a move that will in practice clear them to provide payment…
Bank of China agrees to provide credit lines totaling more than 600 billion yuan to 10 property developers
BEIJING (Reuters) – Bank of China Ltd announced Friday that it had agreed to provide credit lines totaling more than 600 billion yuan ($83.8 billion) to 10 property developers, including Vanke and…
China banks pledge $162 billion in credit to developers, shares rally
By Xie Yu and Ziyi Tang HONG KONG/BEIJING (Reuters) – China’s biggest commercial banks have pledged at least $162 billion in fresh credit to property developers, bolstering recent regulatory measures to ease…
China’s Country Garden gets new credit line of up to $7 billion – Securities Times
HONG KONG (Reuters) – Major Chinese developer Country Garden has signed a contract with the Postal Savings Bank of China for a credit line of up to 50 billion yuan ($7.0 billion),…
S. Korea household credit grows at slowest annual rate in at least 20 years
SEOUL (Reuters) – South Korea’s household credit grew at the slowest annual pace in at least two decades in the third quarter, central bank data showed on Tuesday, amid a steep rate…
Credit outlook darkens for non-financial companies, Moody’s says
By Juliette Portala (Reuters) – The outlook for credit conditions next year for non-financial companies in Europe, Middle East and Africa is negative, credit rating agency Moody’s said on Monday, as financing…
After rough year, U.S. corporate credit entices investors
By Lisa Pauline Mattackal and Divya Chowdhury (Reuters) – Investors are increasingly eyeing U.S. corporate credit offering attractive valuations and yields after steep declines in 2022, fund managers told the Reuters Global…
IMF to disburse $200 million to Democratic Rep. of Congo under credit line
DAKAR (Reuters) – The International Monetary Fund (IMF) said on Monday it would disburse $200 million to Democratic Republic of Congo for balance-of-payment support, pending executive board approval in December. The IMF…
France’s EDF, Credit Agricole sign 1 billion euro nuclear loan
LONDON (Reuters) – EDF and Credit Agricole said on Friday they had signed a 1 billion euro ($1.04 billion) loan to finance the maintenance of nuclear power plants in France. The loan…
Credit Suisse’s Swiss investment bank to be spared in overhaul
ZURICH (Reuters) – The Swiss arm of Credit Suisse’s investment bank will be largely unaffected by the restructuring plan the bank announced last month, said Jens Haas, head of investment banking Switzerland.…
Vietnam considers raising cap on credit growth
HANOI (Reuters) – Vietnam will consider lifting the cap on its credit growth, its prime minister said, as the economy is facing pressure from higher interest rates and tightening credit conditions. The…
Two Essex County Men Sentenced to Prison for Using Credit Cards and Checks Stolen From U.S. Mail as Part of a Scheme that Attempted to Defraud Banks of Over $1 Million
NEWARK, N.J. – Two Essex County, New Jersey, men were sentenced yesterday and today for their roles in a scheme to steal credit cards, debit cards, and checks from the mail and…
Wasco Couple Arrested for 6-Year Credit Card Fraud Scheme that Caused $825,000 in Losses
FRESNO, Calif. — Miguel Leyva, 35, and Karina Gutierrez, 32, both of Wasco, were arrested today after a federal grand jury indicted them for conspiracy, bank fraud, access device fraud, and aggravated…
Credit Suisse wealth boss De Ferrari targets growth markets, tech boost
By Oliver Hirt, Noele Illien and Michael Shields ZURICH (Reuters) – Francesco De Ferrari, the head of Credit Suisse’s wealth management business, is focused on growth markets, high net worth clients and…
Breaking News
