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…
Moody’s withdraws all credit ratings on Russian entities
(Reuters) – Moody’s said on Thursday it has withdrawn all ratings on Russia and its rated Russian sub-sovereign entities. The company said it had decided to withdraw the ratings for its own…
Mexico finance panel notes risk of credit rating action on sovereign, Pemex
MEXICO CITY – Mexico’s financial stability council said on Wednesday that there is risk of credit rating action on the ratings for the sovereign and state oil firm Petroleos Mexicanos (Pemex). The…
SHIELDS: Republicans Can Win Big In 2022 With The Child Tax Credit
SHIELDS: Republicans Can Win Big In 2022 With The Child Tax Credit Mike Shields on March 29, 2022 This year, Republicans have a chance to win over suburban moms — a key…
Kinecta Voted Best Credit Union in the South Bay According to the Easy Reader “Best of the Beach” Reader’s Poll
Exceptional Retail and Services Determined by Ballots Cast Online at EasyReaderNews.com during January and February 2022 MANHATTAN BEACH, Calif., March 29, 2022 — For a second year, Kinecta Federal Credit Union has been…
Upgrade, Inc. Announces Partnership with One Hundred Credit Unions
Credit Unions of all sizes partner with Upgrade to acquire assets and new members SAN FRANCISCO, March 30, 2022 — Upgrade, Inc., a fintech company that offers affordable and responsible credit, mobile…
Newark Police Asks For Assistance Identifying Credit Card Thief
NEWARK, NJ – Do you know this man? Have you seen him? On March 23, 2022 police responded to the 500 block of 13th Avenue for a theft of four credit cards…
Kinecta Federal Credit Union wins MemberXP 2022 Best of the Best award
MANHATTAN BEACH, Calif., March 28, 2022 — MemberXP, a member experience management software from CU Solutions Group, has named Kinecta Federal Credit Union one of their 2022 Best of the Best award winners…
Legislators Propose $500 Fuel and Inflation Credit in New Jersey as Murphy Touts Budget Surplus
TRENTON, NJ – Trenton lawmakers are proposing a $500 tax credit to help residents contend with soaring gas prices, energy costs, and inflation. With no indication that Governor Phil Murphy will move…
Credit Suisse has stopped pursuing new client business in Russia
ZURICH – Credit Suisse stopped pursuing new business in Russia after the invasion of Ukraine on Feb. 24, the Swiss bank said on Monday in an internal document seen by Reuters. According…
Some Credit Suisse shareholders don’t want to absolve executives of Greensill losses – FT
ZURICH – Some shareholders in Credit Suisse do not want the bank to hold a vote in the annual meeting on absolving senior executives from losses racked up in the Greensill affair,…
Credit Union President Sentenced to Prison for Embezzlement
PHOENIX, Ariz. – Susan Irene Romero, 64, of Gilbert, Arizona, was sentenced yesterday by U.S. District Judge John J. Tuchi to 26 months in prison and ordered to pay $2,360,000 in restitution.…
Analysis-U.S. credit ‘relief’ rally could be short-lived as Fed rate risk looms
By Davide Barbuscia NEW YORK – U.S. credit markets saw some respite after the Federal Reserve hiked interest rates last week, but the relief is expected to be short-lived as uncertainty around…
Moody’s to withdraw credit ratings on Russian entities
– Moody’s Investors Service (MIS) said on Thursday it intends to withdraw its credit ratings on Russian entities, following similar moves by Fitch and S&P Global Ratings. The rating agency’s parent firm,…
US, UK, Canada export credit agencies halt support to Russia, Belarus over Ukraine war
WASHINGTON – The export credit agencies of the United States, Britain and Canada said on Wednesday that they are withdrawing new export credit support for Russia and Belarus over Russia’s invasion of…
Credit Agricole suspends services in Russia as banks retreat
By Iain Withers and Julien Ponthus LONDON – France’s Credit Agricole said on Tuesday it had suspended all services in Russia, joining a retreat by other international banks since Moscow’s invasion of…
Scandal-hit Credit Suisse shakes up board with Schwan exit
By Silke Koltrowitz ZURICH -Credit Suisse shook up its board on Monday, including the departure of its influential vice chair Severin Schwan, as it attempts to draw a line under a series…
Kohl’s and Capital One Announce Multi-Year Extension of Credit Card Partnership
Companies Agree to Extend Private Label Credit Card Offering and Explore New Opportunities Together MCLEAN, Va., March 18, 2022 — Kohl’s (NYSE: KSS) and Capital One, National Association, a subsidiary of Capital…
JPM, Credit Suisse expect China COVID spike to have minimal impact on GDP
– The recent surge in COVID-19 cases across China is likely to have a minimal impact on the country’s GDP this year, two brokerages said in their reports, while adding it could…
Credit Suisse upgrades Chinese stocks to ‘overweight’
MILAN – Swiss bank Credit Suisse has upgraded Chinese stocks to ‘overweight’ following a recent commitment by the country’s policymakers to support the economy. “We think that Chinese equities offer attractive upside…
Sri Lanka signs $1 billion credit line with India
COLOMBO – Sri Lanka’s Finance Minister Basil Rajapaksa signed a $1 billion credit line with India on Thursday to help ease crippling shortages of essential items, including fuel, food and medicine, officials…
Final Defendant in International Credit Card Scheme with 71 Shell Companies and Moscow Connections Sentenced to Over 24 Years in Federal Prison
Aleksandr Maslov, 40, of Sacramento, was sentenced today by U.S. District Judge John A. Mendez to 24 years and four months in prison, for his involvement in an international credit card fraud scheme,…
Member of Cuban Credit Card Skimming Crew Sentenced to Prison
NORFOLK, Va. – A Cuban man was sentenced today to 37 months in prison for conspiracy to commit bank fraud. According to court documents, Denis Monsibaez Diaz, 38, and other co-conspirators, all…
United States Attorney’s Office Resolves Lawsuit Against BayPort Credit Union for Violations of the Servicemembers Civil Relief Act
ALEXANDRIA, Va. – BayPort Credit Union (“BayPort”), located in Newport News, has agreed to pay nearly $110,000 to settle allegations that it violated the Servicemembers Civil Relief Act (SCRA) by charging excessive…
Buyout firm Carlyle to acquire CBAM in credit investment push
– Carlyle Group Inc said on Wednesday it would acquire credit investment platform CBAM Partners for nearly $787 million, in a deal that would make the buyout firm the biggest manager of…
Upgrade Card the Fastest Growing US Credit Card According to Nilson Report
SAN FRANCISCO, March 9, 2022 — Upgrade, Inc., a fintech company that offers affordable and responsible credit, mobile banking and payment products to mainstream consumers, today announced that it further accelerated growth in…
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