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 faces investor call to cut lending for fossil fuels
By Simon Jessop and Brenna Hughes Neghaiwi LONDON/ZURICH – Investors managing $2.4 trillion are calling on Credit Suisse to take tougher climate action, including cutting its exposure to fossil fuel assets. “The…
Shore legislators want $5,000 tax credit for volunteer firefighters, EMTs
TOMS RIVER, NJ – Shore area legislators are hoping their bill to create a $5,000 income tax exemption for volunteer firefighters and EMTs passes on the floor of the senate and assembly.…
Romanian Extradited to the United States, Charged With Selling Stolen Credit Card Information Obtained via Malware
A Romanian hacker has been charged with selling millions of stolen credit card numbers obtained through the use of malware, announced U.S. Attorney for the Northern District of Texas Chad E. Meacham.…
Swiss politician files criminal complaint against Credit Suisse
By Brenna Hughes Neghaiwi ZURICH – A Swiss member of parliament has filed a criminal complaint against Credit Suisse, he told Reuters on Friday, asking the country’s attorney general to investigate potential…
Luzerne County Couple Sentenced For Identity Theft And Credit Card Fraud Offenses Committed Against Their Neighbors
WILLIAMSPORT – The United States Attorney’s Office for the Middle District of Pennsylvania announced today that Ernest Stonebraker, age 33, and his wife, Theresa Stonebraker, age 42, both of Berwick, Pennsylvania, were…
Visa to cut consumer credit fees for U.S. small businesses by 10% – document
– Visa Inc will lower consumer credit interchange rates for small businesses in the United States by 10%, effective next month, to help merchants recovering from the COVID-19 pandemic, according to a…
Credit Suisse names Rawra head of clean tech banking for Canada – memo
– Credit Suisse has named Saad Rawra as its head of clean-energy technology banking and Canadian head of diversified industries group to help drive the Swiss bank’s growing global energy tech franchise,…
Bank Employee Pleads Guilty to Credit Card Fraud
BUFFALO, NY – 53-year-old former Buffalo bank employee has pleaded guilty to grand larceny, identity theft, and a scheme to defraud after operating a credit card scam using debit card numbers from…
Credit rating agency Scope downgrades Russia’s sovereign debt rating to ‘BB+’
– Credit rating agency Scope cut Russia’s sovereign debt ratings to BB+ on Tuesday and placed them under review for further downgrade, citing “severe strengthening” of the sanctions imposed on the country…
Philadelphia Credit Card Fraudsters Used Over 200,000 Illegal Cards Tied to Russia, Ukraine Black Market
PHILADELPHIA, PA – The Department of Justice has announced global credit card fraudsters Malan Doumbia, 38, and Souleymane Diarra, 36, both of Philadelphia, PA, were convicted after trial of nine counts including…
Las Vegas Man Admits Guilt in Counterfeit Credit Card Scheme that Resulted in $382K Loss in One Month
PITTSBURGH, PA – A former resident of Las Vegas, Nevada, pleaded guilty in federal court to a charge of conspiracy to commit access device fraud, United States Attorney Scott W. Brady announced…
Credit Suisse appoints Fitzgerald, McCaffrey, Rima to asset management roles
ZURICH – Credit Suisse announced on Tuesday three senior appointments to its asset management business, which will operate under a new organisational structure from April 1. The Swiss bank announced the new…
Check And Credit Card Scammer Sentenced to Five Years in Federal Prison for Bank and Wire Fraud
Baltimore, Maryland – U.S. District Judge Stephanie A. Gallagher sentenced Warren Tillery, age 46, of Atlanta, Georgia and previously of Baltimore to five years in federal prison, followed by five years of…
Two Philadelphia Men Convicted of Running Credit Card Fraud Ring Using 200,000+ Stolen Accounts
PHILADELPHIA – United States Attorney Jennifer Arbittier Williams announced that Malan Doumbia, 38, and Souleymane Diarra, 36, both of Philadelphia, PA, were convicted after trial of nine counts including conspiracy to commit…
Russia-Ukraine volatility hits hard already hammered U.S. credit
By Davide Barbuscia NEW YORK – U.S. credit markets have been churning with more volatility spurred by Russia’s invasion of Ukraine, on top of uncertainty around monetary policy shifts, hurting investor returns…
Essex County Man Admits Using Credit Cards Stolen from U.S. Mail to Attempt to Defraud Banks of Over $300,000
NEWARK, N.J. – An Essex County, New Jersey, man today admitted scheming with at least one U.S. Postal Service (USPS) employee and others to steal credit cards from the mail and use…
Germany suspends Hermes export credit guarantees for Russia – Handelsblatt
BERLIN – Germany is making it more difficult for companies to do business with Russia by suspending Hermes credit guarantees for exports, daily Handelsblatt reported on Friday, citing the economy ministry. “The…
Chilean National Sentenced to Federal Prison for Vehicle Break-In and Credit Card Fraud Scheme
BOISE – A Miami Beach, Florida man was sentenced to two years in federal prison for wire fraud stemming from his participation in a vehicle break-in scheme that victimized individuals and businesses…
Germany not affected by reports of Credit Suisse data leak – finance ministry
BERLIN – Germany does not think it is affected by a leak of Credit Suisse client data that was published by an investigative journalism network, a spokesperson for the finance ministry said…
Newark police searching for perp who stole and used credit card
NEWARK, NJ – Newark Public Safety Director Brian A. O’Hara requests the public’s help with identifying a suspect, who was captured on surveillance video cameras using a credit card that was taken…
Credit Suisse paid out millions despite compliance alert, drugs trial told
By Stephanie Nebehay BELLINZONA, Switzerland – An ex-Credit Suisse manager told a Swiss court on Monday that millions of euros were paid out of accounts linked to a Bulgarian wrestler at the…
Credit Suisse entities agree to settle lawsuit in U.S. for $81 million – court filing
WASHINGTON – Credit Suisse Group AG entities, among six defendants in a lawsuit originally filed by Iowa Public Employees Retirement System and other retirement associations, has agreed to pay $81 million, the…
Credit Suisse downgrades global equities on key macro concerns
– Credit Suisse on Friday downgraded global equities to “benchmark” rating from “overweight”, citing the need for the U.S. Federal Reserve to raise interest rates above market expectations amid higher wage growth…
Credit Suisse sweetens deal for senior bankers with 800 million Sfr in upfront cash
By Brenna Hughes Neghaiwi ZURICH – Credit Suisse’s bonus pool fell 32% in 2021, the bank said on Thursday, as the bank slashed regular deferred awards following a string of scandals, but…
France’s Credit Agricole beats profit target a year early
LONDON -Credit Agricole SA beat its 2022 profit target a year early as lower costs for troubled loans and rising revenues across business lines boosted fourth-quarter results beyond consensus, France’s second-biggest listed…
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