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…
Bronx Woman Victim of Theft and Fraudulent Credit Card Use
Bronx, NY – A 48-year-old woman fell victim to theft and subsequent credit card fraud in the Bronx, authorities report. The incident occurred on Monday, January 22, in the early morning hours…
Former Credit Suisse APAC asset management head exiting UBS – sources
By Selena Li and Xie Yu HONG KONG (Reuters) – Former asset management head of Credit Suisse in Asia Pacific, Min Huang, is leaving UBS as the bank embarks on reviewing its…
Capital One’s profit drops on higher credit loss provisions, FDIC charge
(Reuters) – Capital One Financial posted a 43% drop in its fourth-quarter profit on Thursday, as the credit card lender set aside more funds to cover souring loans and recorded a charge…
UBS unveils big branding push after Credit Suisse takeover
ZURICH (Reuters) – UBS on Tuesday unveiled its biggest branding campaign since 2016 to drive growth, spending tens of millions of dollars to freshen its image after the takeover of Credit Suisse.…
Police Seize Multiple Handguns, Thwart Carjacking Attempt, Credit Community Policing
Silver Spring, MD – The Montgomery County Police Department’s Third District officers have successfully seized several handguns since the start of the new year, intensifying efforts to ensure community safety. Highlighting these…
Syracuse Police Credit K9 For Recovering Handgun During Police Pursuit
SYRACUSE, NY – Syracuse Police Department’s K9 Chiro played a crucial role in recovering a loaded handgun following a pursuit on Monday, January 15. At approximately 3:27 a.m., Officer Rajchel, along with…
Credit data firm Experian’s revenue rises on resilient demand
(Reuters) -Credit data firm Experian posted a 9% rise in third-quarter revenue on Tuesday, powered by strong demand for its new products and business wins, especially in the Latin America region. Experian’s…
Woman Robbed of Cellphone and Credit Card on Subway Train Near Rockaway Station
NEW YORK CITY, NY – A grand larceny incident took place on Tuesday, at around 4:15 am on a northbound “4” train approaching the Rockaway Avenue subway station. A 44-year-old female victim…
Exclusive-China’s top banks tighten exposure to smaller peers to curb credit risk, sources say
(Reuters) – Some of China’s top banks have sharpened scrutiny of smaller peers’ asset quality and have tightened standards for interbank lending, three sources said, in an effort to curb credit risk…
Singapore imposes civil penalty on Credit Suisse for managers’ misconduct
SINGAPORE (Reuters) – The Monetary Authority of Singapore (MAS) has imposed a civil penalty of S$3.9 million on Credit Suisse AG for the bank’s failure to prevent or detect misconduct by its…
Brazil’s Azul, Gol secure credit lines for engine maintenance; shares rise
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian airlines Azul and Gol have secured access to around $200 million each in financing to fund engine maintenance plans, as carriers try to maintain…
New Jersey Cracking Down on Businesses Violating Credit Card Surcharge Law
TRENTON, NJ – State inspectors have reportedly been out during the holiday shopping season to find out which business owners are naughty and which ones are nice. New Jersey Governor Phil Murphy’s…
Brazil limits debt growth on revolving credit card lines
BRASILIA (Reuters) -Brazil’s National Monetary Council, the country’s top economic policy body, on Thursday set regulations on a measure passed in October to limit interest rates and financial charges in revolving credit…
Morgan Stanley mulls private credit fund bet with balance sheet – Bloomberg News
(Reuters) – Lender Morgan Stanley is discussing allocating a portion of its balance sheet into a new private credit fund that would include capital from external investors, Bloomberg News reported on Wednesday,…
‘Big Three’ credit rating agencies maintain dominance in Europe
LONDON (Reuters) – S&P Global, Moody’s and Fitch, the so-called ‘Big Three’ credit ratings agencies, are maintaining their dominance of Europe’s credit score market despite the region’s efforts to loosen their grip,…
S&P places Nippon Steel on negative credit watch after U.S. Steel deal
(Reuters) – Ratings agency S&P on Wednesday placed its ‘BBB+’ long-term issuer credit rating on Nippon Steel Corp on negative credit watch after it clinched a deal to buy U.S. Steel for…
CBP Arrests Romanian Woman at the Lewiston Bridge for Felony Warrants of Credit Card Fraud
LEWISTON, N.Y. – U.S. Customs and Border Protection (CBP) officers at the Port of Buffalo, Lewiston Bridge border-crossing, arrested a 29-year-old female Romanian citizen, who had an active felony arrest warrant from…
New Jersey Volunteer First Responders Could Soon Get a Large Tax Credit
TRENTON, NJ – The New Jersey Senate Law and Public Safety Committee has advanced a bill that would allow volunteer firefighters, first aid, and rescue squad members to claim a $2,000 deduction…
Eight People Indicted in Connection with Nationwide Conspiracy Targeting Credit Unions
ALBANY, NEW YORK – Two leaders of a nationwide bank fraud conspiracy have been arrested in connection with a scheme that has targeted credit unions all over the country since at least…
UBS steps up efforts to recover cash from Credit Suisse defectors – Bloomberg News
(Reuters) – Swiss lender UBS Group AG has stepped up efforts to recoup hundreds of millions in cash bonuses that Credit Suisse paid to retain dealmakers before the lender’s collapse, Bloomberg News…
Bronx Man Gets Prison Sentence for Nationwide Credit Card Fraud Scheme
NEWARK, N.J. – Trevor Osagie, a 32-year-old Bronx resident, was sentenced today to 12 months and one day in prison for his role in a nationwide credit card fraud conspiracy, as announced…
Newark Police Issue Arrest Warrant for Suspect in Credit Card Theft
NEWARK, NJ – The Newark Police Department has issued an arrest warrant for 31-year-old Christopher Augustine in connection with a credit card theft that took place on July 12, 2023. The incident…
Kern County Man Pleads Guilty to Six-Year, $825,000 Credit Card Fraud Scheme
FRESNO, Calif. — Miguel Leyva, 36, of Wasco, pleaded guilty today to conspiracy to commit bank fraud and aggravated identity theft charges for his role in a long-running credit card fraud scheme,…
Two Defendants Convicted of Extortionate Collection of Credit in which Victim was Punched in Face
Today, a federal jury in Brooklyn convicted Anthony Romanello, also known as “Rom,” of extortionate collection of credit and conspiracy to commit the same in connection with a gambling debt, and convicted…
S&P: No changes to China credit rating, outlook
SINGAPORE (Reuters) – Ratings agency S&P Global Ratings said on Wednesday there have been no changes in its ratings on China, a day after its peer Moody’s downgraded its outlook on the…
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