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…
Ant-backed MYBank fined for violating credit scoring management rules
SHANGHAI – China’s central bank has imposed a 22.37 million yuan ($3.52 million) fine on MYBank, the online bank backed by China’s Ant Group, for violations including breaching rules on credit scoring…
Brooklyn man gets up to nine years in prison for million dollar credit union theft
BROOKLYN, NY – Brooklyn District Attorney Eric Gonzalez today announced that a Brooklyn man has been sentenced to three to nine years in prison following his guilty plea to grand larceny for…
Carlyle in talks to acquire credit investment firm CBAM -sources
By Chibuike Oguh – Buyout firm Carlyle Group Inc is in talks to acquire CBAM Partners in a bid to grow its credit investment platform and take on peers such as Apollo…
Credit Suisse quits wealth management in several African countries
ZURICH – Credit Suisse is pulling out of its wealth management business in a number of African countries, and the private clients are to switch to Barclays, a spokesperson for the Swiss…
Credit Suisse hires Oliver Wyman adviser as investment banking vice chair – memo
By Emma-Victoria Farr LONDON – Credit Suisse has hired a senior Oliver Wyman adviser as vice chairman of investment banking and capital markets, according to a memo seen by Reuters. A bank…
Two Georgia Residents Indicted For Scheme to Defraud Banks and Credit Unions in Green Bay and the Fox Valley
United States Attorney Richard G. Frohling of the Eastern District of Wisconsin announced that on February 1, 2022, a federal grand jury returned an indictment against Michael W. Harvey, Jr. (age: 40)…
U.S. yield curve inversion may be ‘false positive’ recession signal – Credit Suisse
NEW YORK – A U.S. Treasuries yield curve inversion this time around may not be the perfect predictor of a recession, a Credit Suisse strategist said on Wednesday, as the Federal Reserve’s…
Police Blotter: Credit card thief being sought by police in Pasco County
TRINITY, FL -On Jan. 25, a suspect stole credit cards from a car in a neighborhood area of Little Rd. and Mitchell Blvd., in Trinity. The suspect then used the stolen credit…
Downtown Los Angeles Man Sentenced to 4 Years in Prison for Fraudulently Obtaining Credit Cards He Used at Luxury Retail Shops
LOS ANGELES – A Los Angeles man was sentenced today to 48 months in federal prison for leading a conspiracy that fraudulently obtained American Express credit cards and then used the…
Court says Credit Suisse faces $45.5 million claim in money-laundering case
ZURICH – Swiss prosecutors are pursuing around 42.4 million Swiss francs ($45.5 million) in compensation from Credit Suisse in a money-laundering trial due to begin on Feb. 7, the Swiss Federal Criminal…
Credit Suisse expects 50 bps cut in China’s first-half reserve requirement ratio
– Credit Suisse economists expect a further 50 basis point (bps) cut in China’s reserve requirement ratio (RRR) in the first half of 2022, given the Asian economy is starting to ease…
Cory Booker, Dems push for permanent child tax credit as ‘A Signature Domestic Policy Achievement’
Five Senate Democrats are urging the White House to prioritize making the expanded child tax credit permanent as part of any potential spending package. The senators, Michael Bennet of Colorado, Sherrod Brown…
Maryland Governor announces $9 million student loan debt tax credit
ANNAPOLIS, MD—Governor Larry Hogan today announced nearly $9 million in tax credits to more than 9,000 Maryland residents with student loan debt, awarded by the Maryland Higher Education Commission (MHEC). To date,…
Fed could resort to outright asset sales to reduce balance sheet – Credit Suisse
NEW YORK – The U.S. Federal Reserve could resort to outright asset sales to reduce its balance sheet as part of plans to fight unabated inflation, a Credit Suisse analyst said in…
Las Vegas Man Sentenced To Prison For Credit Card Fraud Scheme
LAS VEGAS – A Las Vegas man was sentenced yesterday to 111 months in prison for using skimming devices to steal victims’ identities and credit card account information to buy luxury merchandise…
Essex County Man Sentenced to Three Years in Prison for Unlawfully Possessing Firearm and Conspiring to Defraud Banks of Over $250,000 Using Stolen Credit Cards and Blank Checks
NEWARK, N.J. – An Essex County, New Jersey, man was sentenced today to 36 months in prison for illegally possessing a firearm and conspiring to defraud two banks of $250,000 using stolen…
CEO of Shreveport Federal Credit Union Pleads Guilty to Charges in Federal Court
SHREVEPORT, La. – United States Attorney Brandon B. Brown announced that Helen Godfrey-Smith, 72, of Shreveport, Louisiana, has pleaded guilty before United States District Judge Elizabeth E. Foote to making and using…
Identity thieves stole over 1,000 credit cards from mailboxes in Manhattan
NEW YORK, NY – Manhattan District Attorney Cyrus R. Vance, Jr., today announced the indictment of ten individuals for a $750,000 identity theft conspiracy committed between January 2017 and August 2019. Ringleader…
Las Vegas Man Sentenced To Prison For Stealing Credit And Debit Card Account Numbers To Purchase Show Tickets
LAS VEGAS – A Las Vegas man was sentenced today to 78 months in prison for stealing credit and debit card account numbers and profile information to spend on Las Vegas Strip…
New York Man Indicted in Credit Card ‘Bust Out’ Scheme to Defraud Banks
NEWARK, N.J. – A New York man was indicted today by a federal grand jury in connection with a scheme to defraud banks by using stolen and altered identities to fraudulently obtain…
EXCLUSIVE: Child Tax Credit Is Driving Americans Toward Entrepreneurship, Has Little Effect On Workforce
A new study suggests that the child tax credit (CTC) is not reducing overall employment nationwide but is driving some low and middle-income parents away from their private sector jobs and toward…
Las Vegas Man Sentenced To Prison For Using Skimming Devices At Gas Pumps To Steal Credit And Debit Card Information
LAS VEGAS – A Las Vegas man was sentenced today to 61 months in prison for his role in a fraud scheme to steal thousands of credit and debit card numbers from…
Amazon Is Banning UK Visa Credit Cards From Its Platform
Amazon will no longer accept Visa credit cards issued in the United Kingdom, the company announced Wednesday. The changes are set to go into effect Jan. 19, 2022, Amazon announced on its U.K.…
Bahamian Man Sentenced To Five Years In Prison For More Than $1.2 Million Credit Card Fraud Scheme
Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation (“FBI”),…
Union County Man Admits Bribing Mail Carriers To Steal Credit Cards
NEWARK, N.J. – A Union County, New Jersey, man today admitted his role in a scheme to bribe postal employees to steal credit cards from the mail, Acting U.S. Attorney Rachael A.…
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