Strong-Arm Robbery at Navy Federal Credit Union in Odenton
ODENTON, MD – On October 30, 2023, at approximately 2:23 p.m., officers responded to a strong-arm robbery involving a citizen at the Navy Federal Credit …
Credit
Armed Robbery Reported at Navy Federal Credit Union Parking Lot in Annapolis
ANNAPOLIS, MD – On Monday, at around 11:40 a.m., officers responded to an armed robbery involving a citizen at the parking lot of the Navy …
Can New Jersey Businesses Charge a Credit Surcharge? Here’s What the Law Says
TOMS RIVER, NJ – The Ocean County Department of Consumer Affairs has launched a campaign to ensure compliance with New Jersey’s Credit Card Surcharge Law …
NYPD Seeking Credit Card Thief
NEW YORK CITY, NY – The New York City Police Department is asking the public to assist in identifying an individual connected with a grand …
Russian court rules that $20.9 million in Credit Suisse assets may be seized
MOSCOW (Reuters) – A Russian appeals court has imposed interim measures against Credit Suisse and ruled that funds totalling $20.9 million held by the Swiss …
Woman’s Stolen Credit Cards Used by NYC Grand Larceny Suspect
New York City, NY – The New York City Police Department is requesting the public’s assistance in identifying an individual connected to a grand larceny …
Brazil’s Finance Ministry views limit for credit card debt growth as reasonable
BRASILIA (Reuters) – Brazil’s Finance Ministry says the measures stipulated in a recent legislation aimed at diminishing credit card revolving interest rates are a rational …
George Santos Hit With 23-Count Superseding Indictment Over Alleged Credit Card Fraud, Conspiracy
George Santos Hit With 23-Count Superseding Indictment Over Alleged Credit Card Fraud, Conspiracy Harold Hutchison on October 10, 2023 The Justice Department hit Republican Rep. …
Congressman George Santos Charged With Conspiracy, Wire Fraud, False Statements, Falsification of Records, Aggravated Identity Theft, and Credit Card Fraud
CENTRAL ISLIP, NY – A 23-count superseding indictment was filed today in the United States District Court for the Eastern District of New York, charging …
Scotiabank, Sun Life partner to help wealthy Canadians invest in private credit
By Nivedita Balu TORONTO (Reuters) – Bank of Nova Scotia and Sun Life Financial’s asset-management division are partnering to tap into the demand from wealthy …
Italy’s deficit hikes could threaten its credit rating – Scope
By Sara Rossi MILAN (Reuters) – Italy’s higher budget deficits this year and next could make it ineligible for bond support under the European Central …
Fed says credit to wind down failed banks drops again in latest week
NEW YORK (Reuters) – The Federal Reserve said on Thursday that credit it has extended to help wind down failed banks marked a big drop …
NYPD Seeking Four Wanted for Robbery, Credit Card Theft
NEW YORK CITY, NY – The New York City Police Department is seeking the public’s help in identifying individuals connected to a robbery. On Sunday, …
UBS cuts nearly 70% Credit Suisse researchers in Hong Kong-sources
HONG KONG (Reuters) – UBS has cut around 70% of the Hong Kong-based staff headcount at Credit Suisse’s securities research unit, two sources with direct …
S&P lifts SoftBank’s credit outlook to positive on Arm IPO
By Anton Bridge TOKYO (Reuters) -S&P Global Ratings revised its credit outlook for Japanese technology investor SoftBank Group to positive from stable after the initial …
HSBC hires eight former Credit Suisse bankers to global equities unit
LONDON (Reuters) – HSBC has hired eight former Credit Suisse traders and sales personnel to its global equities business, the bank said in a statement …
EU watchdog scrutinises banks’ defences after SVB, Credit Suisse woes
By Huw Jones LONDON (Reuters) – Most leading euro zone banks have met a January 2024 target for issuing special debt to replenish capital in …
Dover Woman Arrested for Using Stolen Credit Card, Identity Theft
DOVER, DE – Akiara Deshields, a 32-year-old resident of Dover, was arrested by Delaware State Police on Friday evening for identity theft and other related …
Akron Police Seek Public’s Help in Identifying Credit Card Theft Suspect
AKRON, OH – The Akron Police Department is asking for the public’s assistance in identifying a suspect who used a stolen credit card to purchase …
FBI probing MGM Resorts cyber incident as some casino systems still down
By Raphael Satter and Zeba Siddiqui NEW YORK/SAN FRANCISCO (Reuters) -The FBI said on Wednesday it was investigating a cybersecurity incident at gaming giant MGM …
Josh Hawley Denounces ‘Usury,’ Follows AOC And Bernie Sanders With Proposed Cap On Credit Card Interest
Josh Hawley Denounces ‘Usury,’ Follows AOC And Bernie Sanders With Proposed Cap On Credit Card Interest Brandon Poulter on September 11, 2023 Republican Missouri Sen. …
Police Seek Suspects in Walmart Credit Card Theft
BETHLEHEM, PA – Walmart personnel have reported an incident involving the attempted use of stolen credit cards. Three individuals, captured in surveillance photos, attempted to …
Warning Issued After Credit Card Skimmers Found in Brick
BRICK TOWNSHIP, NJ – The Brick Township Police Department is asking for the public’s help in identifying an individual linked to recent ATM skimming incidents. …
Swiss post mortem of Credit Suisse crisis to go back to 2015
ZURICH (Reuters) – Switzerland gave a rare glimpse on Friday into so far highly secretive procedures for its inquiry into Credit Suisse’s demise, saying it …
US Treasury to issue more clean energy tax credit guidance by year-end
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury said on Friday it will provide guidance on additional clean energy tax incentives before the end …
European private loan market falters as corporate credit stress mounts
By Naomi Rovnick and Chiara Elisei LONDON (Reuters) – Direct lending, a key but expensive source of credit for riskier European firms that banks often …
Neptune Man Arrested for Credit Card Fraud and Theft in Joint Investigation
WALL TOWNSHIP, NJ – Jonathan T. Balbosa, 25, of Neptune, was arrested on charges of theft and fraudulent use of a credit card following a …
Wells Fargo hires Ford from Credit Suisse as head of equity capital markets
NEW YORK (Reuters) – Wells Fargo hired former Credit Suisse banker Jill Ford as its head of equity capital markets, the bank said in a statement. …
Credit Suisse collapse led balance sheet of Swiss banks to contract
(Reuters) – Credit Suisse clients withdrawing their money as the bank headed for collapse likely accounts for the first significant balance sheet contraction in a …
Box of Credit Cards Taken During Robbery at East Village Pool Hall
NEW YORK CITY, NY – On Saturday, August 19, at around midnight, a robbery occurred at Amsterdam Billiards located at 110 East 11th Street. The …
Credit Card Fraudster Charged and Released
CAMBRIDGE, MD – James Cecil McCoy, a 45-year-old resident of Cambridge, was served a Criminal Summons by the Cambridge Police Department last Friday at approximately …
UBS sees around 3,000 redundancies integrating Credit Suisse in Switzerland – CEO
ZURICH (Reuters) – UBS expects around 1,000 jobs to go from integrating Credit Suisse’s Swiss business, Credit Suisse (Schweiz), and an additional 2,000 redundancies in …
UBS, Swiss finance blog settle Credit Suisse legacy lawsuit
ZURICH (Reuters) – UBS and Inside Paradeplatz have settled a lawsuit initially brought against the popular Zurich based finance blog by Credit Suisse, the publication …
Credit Suisse posted $4 billion loss in 2Q, Sonntagszeitung reports
BERLIN (Reuters) – Credit Suisse, which is now a subsidiary of UBS, posted a loss of 3.5 billion Swiss francs ($4.0 billion) in the second …
Two Florida Men Arrested in Delaware for Credit Card Fraud
LAUREL, DE – On Thursday, the Delaware State Police arrested Ernest Ashlet, 19, and Sebastien Mombes, 30, both from Orlando, Florida, for attempting to purchase …
US department stores see higher credit delinquencies amid strained spending
By Katherine Masters and Ananya Mariam Rajesh (Reuters) – Major U.S. department stores including Macy’s and Nordstrom are flagging delays in store credit card repayments, …
Woman Sought for Credit Card Theft, Fraud
STATEN ISLAND, NY – The New York City Police Department is looking for information regarding an incident involving grand larceny that occurred on Monday, July …
Durr/McCarthy Patrick Support NJEDA Food Desert Relief Tax Credit Auction
District 3 lawmakers Sen. Ed Durr and Asw. Bethanne McCarthy Patrick expressed their support for the NJEDA Food Desert Relief Tax Credit Auction to combat food insecurity
Another Major Credit Agency Downgrades Several US Banks
Another Major Credit Agency Downgrades Several US Banks Will Kessler on August 22, 2023 A major U.S. credit agency cut the ratings of multiple banks …
District 1 Lawmakers Express Support for Food Desert Tax Credit Auction
District 1 lawmakers expressed support for the New Jersey Economic Development Authority’s (NJDEA) Food Desert Relief Tax Credit Auction.
Governor Murphy Signs Bill to Protect Consumers from Unfair Credit Card Surcharges
TRENTON – In a move aimed at enhancing transparency and fairness for consumers, Governor Phil Murphy has signed A4284/S3508 into law, a legislation that prohibits …
Moody’s downgrades Hawaiian Electric’s credit to junk amid Maui wildfire scrutiny
(Reuters) – Ratings agency Moody’s Investors Service downgraded utility Hawaiian Electric Industries’s credit rating to junk status on Friday, the second such cut this week …
US Senators say Credit Suisse did not review all records when probing Nazi-linked accounts
By Chris Prentice and Brenna Hughes Neghaiwi NEW YORK/ZURICH (Reuters) – Swiss lender Credit Suisse did not review all available records when it conducted an …
US CLOs’ credit profiles resilient despite mid-sized company risk -Moody’s
By Matt Tracy WASHINGTON (Reuters) – The credit quality of U.S. middle market collateralized loan obligations (CLOs), major sources of debt funding for mid-sized companies, …
Jefferies hires Credit Suisse banker Gegenheimer for tech dealmaking -sources
By Milana Vinn (Reuters) – Jefferies has hired Credit Suisse investment banker Jon Gegenheimer in its latest efforts to boost its U.S. technology dealmaking franchise, …
Robbery Reported Outside Navy Federal Credit Union in Gambrills
GAMBRILLS, MD – Officers responded to a robbery report on Monday, at approximately 4:15 p.m. outside the Navy Federal Credit Union situated at 1356 Main …
Wallet Thieves Up the Charges After Using Stolen Credit Card
CAMP HILL, PA – On Thursday, August 3, at approximately 6:40 p.m., a local resident’s wallet was reportedly stolen. The incident occurred in the photo …
ION seals acquisition of Italy’s Prelios from Davidson Kempner in estimated $1.5 billion deal
By Valentina Za and Pablo Mayo Cerqueiro LONDON (Reuters) -U.S. hedge fund Davidson Kempner Capital Management (DK) said on Friday it had agreed to sell …
Country Garden credit distress likely to spill over to China markets – Moody’s
LONDON (Reuters) – Credit distress at Chinese private developer Country Garden is likely to spill over to the country’s property and financial markets, weakening sentiment …
Wells Fargo hires Credit Suisse veteran as head of financial sponsors
(Reuters) – U.S. bank Wells Fargo said on Monday Malcolm Price has joined its corporate and investment bank (CIB) as the head of financial sponsors, …