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…
Credit Suisse taps RBC, Morgan Stanley for capital increase -Bloomberg News
(Reuters) -Credit Suisse Group AG is working with banks including Royal Bank of Canada (RBC) and Morgan Stanley on a potential capital increase, should it need to shore up its balance sheet…
Credit Agricole and CACEIS to buy RBC Investor Services’ Europe unit
PARIS (Reuters) – CACEIS, the asset servicing business owned by French bank Credit Agricole and Spanish bank Santander, has struck a preliminary deal to buy the European asset servicing business of RBC…
UK CFOs say credit is expensive, hit by “mini-budget” – Deloitte survey
By William Schomberg LONDON (Reuters) – More large British companies view borrowing as expensive than at any time in the past decade, due partly to financial market turmoil caused by the government’s…
Credit Suisse prepares Swiss business sales to raise capital – FT
(Reuters) – Credit Suisse is preparing to sell parts of its Swiss domestic bank as it attempts to close a capital hole of around 4.5 billion Swiss francs ($4.48 billion), the Financial…
Credit Suisse in talks with underwriters as it weighs capital options – report
(Reuters) – Credit Suisse Group AG has held talks with a number of banks about underwriting a potential capital increase in case it needs to shore up its balance sheet, Bloomberg Law…
Credit Suisse capital gap conundrum draws analyst answers
By Noele Illien ZURICH (Reuters) – As Credit Suisse finalises a much-anticipated restructuring, analysts are crunching the numbers on how much capital the bank may need and suggesting how best to plug…
Credit Suisse considers Allfunds disposal, Cinco Dias reports
MADRID (Reuters) – Credit Suisse is considering selling its stake in Madrid-based tech company Allfunds to raise cash, Spanish newspaper Cinco Dias reported on Friday, citing unidentified market sources. The Swiss bank…
Credit Suisse debt insurance costs rise, bonds ease after tax probe report
LONDON (Reuters) – The cost of insuring the debt of Credit Suisse against default rose on Wednesday, while its bonds and shares fell, after reports that the Swiss lender may be the…
Targeted Turkish credit policies benefiting SMEs -deputy cenbank head
By Nevzat Devranoglu ANKARA (Reuters) – Targeted credit policies adopted by Turkey’s central bank have this year enabled small and medium-sized businesses (SMEs) to grab their highest ever share of banking sector…
Credit Suisse faces U.S. tax probe, senate inquiry – Bloomberg News
(Reuters) -The U.S. Justice Department is investigating whether Credit Suisse continued helping U.S. clients hide assets from authorities, eight years after the Swiss bank paid a $2.6-billion tax evasion settlement, Bloomberg News…
Ex Credit Suisse banker in $86 million London appeal after Romanian conviction
By Kirstin Ridley LONDON (Reuters) – A former Credit Suisse banker, who was convicted and sentenced to prison in Romania for a decade for alleged espionage in 2013, is hoping to revive…
U.S. Treasury sets new tax credit rule to expand affordable housing
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury moved to preserve and expand the supply of affordable housing on Friday by finalizing a new tax credit income rule that may qualify…
Members of Multi-State Credit Card Fraud Ring Sentenced for Conspiracy, Credit Card Fraud, and Aggravated Identity Theft
INDIANAPOLIS – Seven individuals have been sentenced for conspiracy to commit access device fraud, with some also being sentenced for access device fraud and aggravated identity theft. The defendants had previously been…
Moody’s says Credit Suisse could suffer $3 billion loss in 2022
By Saeed Azhar NEW YORK (Reuters) – Rating agency Moody’s Investors Service expects losses for Credit Suisse to swell to $3 billion by year-end, potentially bringing its core capital below the key…
Swiss National Bank monitoring Credit Suisse situation – Maechler
ZURICH (Reuters) – The Swiss National Bank (SNB) is following the situation at Credit Suisse closely, SNB Governing Board member Andrea Maechler told Reuters on Wednesday. Switzerland’s second-biggest bank saw its shares…
Credit Suisse’s deputy head of Asia wealth business resigns
By Anshuman Daga SINGAPORE (Reuters) – The deputy head of Credit Suisse’s Asia-Pacific wealth management business Young Jin Yee has resigned, according to a company memo reviewed by Reuters and confirmed by…
UBS credit default swaps hit decade high after Credit Suisse blow out
LONDON (Reuters) – The cost of insuring exposure to debt issued by Swiss lender UBS rose to a decade high on Monday after peer Credit Suisse was caught in the market spotlight…
Credit Suisse, Citi cut 2022 year-end target for S&P 500
(Reuters) – Credit Suisse and Citigroup became the latest brokerages to bring down their 2022 year-end targets for the S&P 500 index, as U.S. equity markets bear the heat of aggressive central…
Credit Suisse executives reassure investors after CDS spike, Financial Times reports
(Reuters) – Credit Suisse executives spent the weekend reassuring large clients, counterparties and investors about its liquidity and capital position, the Financial Times reported on Sunday. A spokesman for Credit Suisse declined…
Toms River Police seeking to identify suspects wanted for credit card fraud at Walmart
TOMS RIVER, NJ – The Toms River Police Department is asking for the Public’s assistance in identifying two suspects wanted for questioning in reference to credit card fraud at the route 37…
Texas AG Paxton joins probe into S&P Global’s use of ESG in credit ratings
(Reuters) – Texas Attorney General Ken Paxton has joined a multi-state investigation into whether S&P Global Inc violated consumer protection laws over its use of environmental, social and governance (ESG) factors in…
Lack of credit sends Venezuelan businesses seeking loans abroad
By Mayela Armas CARACAS (Reuters) – Venezuelan business owners struggling to get access to credit amid their country’s continued economic crisis are seeking loans through foreign banks, business people and finance industry…
IRS Sent Out Over $1 Billion In Child Tax Credit Payments To The Wrong People
IRS Sent Out Over $1 Billion In Child Tax Credit Payments To The Wrong People Arjun Singh on September 27, 2022 The Internal Revenue Service (IRS) sent over $1.1 billion in…
UK tax cuts raise stakes for debt sustainability, Scope credit rating agency warns
LONDON (Reuters) – Britain’s new tax cut and spending plans will push up its debt levels and raise the stakes in terms of the sustainability of the country’s public finances, credit rating…
Turtle Creek Man Sentenced to 5 Years for Using Stolen Credit Cards at Area Retail Stores
PITTSBURGH – A former resident of Turtle Creek, Pennsylvania, has been sentenced in federal court to five years of imprisonment on his conviction of identity theft offenses, United States Attorney Cindy K.…
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