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…
As U.S. interest rates soar, four ways to manage credit cards now
By Chris Taylor NEW YORK (Reuters) – Try holding your credit card up to your ear, real close. You might hear the soft tick, tick, tick of your interest rate going up.…
Turkey cenbank takes steps to address credit availability after rate cut
ANKARA (Reuters) -Turkey’s central bank unveiled new measures on Saturday meant to address credit availability including higher reserve requirement collateral for lenders, days after it shocked markets with a 100 basis-point interest…
Buffalo Man Pleads Guilty For His Role In String Of Credit Union Robberies
CONTACT: Barbara BurnsPHONE: (716) 843-5817FAX #: (716) 551-3051 BUFFALO, N.Y.- U.S. Attorney Trini E. Ross announced today that Ronald Morris, 47, of Buffalo, NY, pleaded guilty to aggravated bank robbery, attempted bank robbery, and using,…
New York City EMT Charged After Stealing Credit Card from 79-Year-Old Patient
From the desk of Melinda Katz, Queens District Attorney NEW YORK, NY -Queens District Attorney Melinda Katz announced today that FDNY emergency medical service responder Robert Marshall, 29, has been charged with…
Credit Suisse top shareholder asks for investment bank overhaul – Bloomberg News
(Reuters) – Credit Suisse Group AG’s top shareholder Harris Associates has asked the Zurich-based lender to fix its investment bank unit or seek other options, Bloomberg News reported on Friday. Harris Associates…
Colombia financial regulator may take steps to curb credit limits
BOGOTA (Reuters) – Colombia’s financial regulator said on Wednesday it could take measures to counteract ballooning consumer credit limits and tackle rising household debt as interest rates and inflation climb. The amount…
Police Seeking Robbery Suspect Who Used Victim’s Credit Cards at Liquor Store
NEWARK, NJ – An armed robbery suspect was identified by security cameras after he used credit cards belonging to his victim to make a purchase this week. The robbery took place at…
Norfolk Man Guilty of Stealing Identities to Defraud Navy Federal Credit Union
NORFOLK, Va. – A Norfolk man pleaded guilty today to aggravated identity theft and bank fraud in connection with a fraud scheme targeting Navy Federal Credit Union. According to court documents, Taimak…
D.C. Home Invader Captured On Surveillance After Using Stolen Credit Card
WASHINGTON, D.C. – The D.C. Metro Police are asking for help identifying a suspect who burglarized a residence, stole a car, and used a stolen credit card to make purchases. This incident…
JP Morgan’s global head of credit markets to depart bank
LONDON – JP Morgan’s global head of credit markets and public finance Guy America will depart the bank, according to an internal memo seen by Reuters on Thursday. After 28 years at…
Suspect Broke Into Philadelphia Family’s Home While They Slept in Bed, Used Their Stolen Credit Cards
PHILADELPHIA, PA – The Philadelphia Police Department is asking the public to help identify a home invader who broke into a Paoli Street home on August 9th. Police said at approximately 1:00…
Credit Suisse investor Harris says stake increase reflects reporting change
ZURICH – Credit Suisse shareholder Harris Associates’ increased holding in the Swiss bank reflected an adjustment in how it reports stakes to the U.S. regulator, Finanz und Wirtschaft reported its Chief Investment…
Ringleader of credit card skimming scheme sent to prison
HOUSTON – A 31-year-old Cuban citizen who resided in Houston has been sentenced for his role as leader of an organization that installed hundreds of credit card skimmers in Southeast Texas over…
Three Defendants Sentenced In Fraud And Identity Theft Scam Targeting Customers Of Banks And Credit Unions
Three Miami Residents Stole $1,400,000 From Hundreds of Depositors by Posing as Security Officials to Obtain Access to Online Accounts. GRAND RAPIDS, MICHIGAN — U.S. District Judge…
Credit Suisse says it has no big exposure to Mexico’s Credito Real
ZURICH – Credit Suisse is not exposed to any large losses among lenders to embattled Mexican firm Credito Real, the Swiss bank said on Saturday, contradicting earlier media reports. Mexican newspaper El…
Credit Suisse shares falter on bleak ratings news
(Reuters) – Shares of Credit Suisse fell more than 6% on Tuesday after ratings agencies Moody’s and S&P’s “negative” outlook on the Swiss bank, days after it appointed a new top boss…
Philadelphia Police Investigating Suspect Who Used Credit Cards Stolen During Robbery
PHILADELPHIA, PA – The Philadelphia Police is investigating a robbery that took place in the 9th district Central Detective Division is seeking the public’s help identifying the individual seen in a video…
As credit demand grows in India, banks may soon be scrambling for deposits
By Nupur Anand and Swati Bhat MUMBAI – Loan growth in India is at a three-year high and seen inching up further as economic activity gains traction but a much slower growth…
Asia credit investors feel the pain of China property exposure
By Xie Yu HONG KONG – China’s crisis-hit property sector has driven underperformance this year in some Asia-focused credit funds, including one led by a former Lehman Brothers portfolio manager, pummelling their…
Restructuring whiz Koerner lands in Credit Suisse CEO hot seat
By Oliver Hirt ZURICH – Ulrich Koerner, a Porsche fan and rally driver, will need all his navigation skills to steer loss-making Credit Suisse towards profitability as the Swiss bank embarks on…
Credit Suisse names Koerner as CEO, sets strategic review
ZURICH – Credit Suisse named asset management expert Ulrich Koerner as its new chief executive on Wednesday, the latest sign of churn at the Swiss bank that announced a strategic review as…
Credit Suisse to name Ulrich Korner as its next CEO – FT
(Reuters) – Credit Suisse is set to announce Ulrich Korner as its new chief executive officer, replacing Thomas Gottstein, the Financial Times reported on Tuesday. Credit Suisse did not immediately respond to…
Credit Suisse eyes more cost cuts, SonntagsZeitung reports
ZURICH – Credit Suisse is considering how it could cut costs further after a dismal performance by the embattled bank in the past quarter, SonntagsZeitung reported, citing senior sources. “The numbers are…
Sixth Member Of Credit Card Fraud Conspiracy Sentenced To Federal Prison
Tampa, Florida – U.S. District Judge Virginia Hernandez Covington has sentenced Lazaro Adrian Quintana Martinez (27, Tampa) to four years and three months in federal prison for conspiracy to commit access device…
Credit Suisse signs Mexico alliance agreement with Actinver
ZURICH – Credit Suisse has signed an alliance agreement with Corporacion Actinver to develop their wealth management businesses in Mexico, the Swiss bank said on Wednesday. Under the arrangement Credit Suisse will…
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