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 reinstates independent reviewer on Nazi account probe
NEW YORK (Reuters) – Credit Suisse has reinstated an independent reviewer to oversee an investigation into the servicing of Nazi clients and Nazi-linked accounts, according to U.S. lawmakers who have probed the…
Tight credit, high inflation push Venezuelans to layaway purchases
By Mayela Armas CARACAS (Reuters) – Some retailers in Venezuela are turning to old-fashioned layaway purchase offers to help customers buy everything from home appliances to shoes and motorcycles, as sky-high inflation…
Pennacchio Bill to Credit Students for Completing Fire Academy Courses Clears Committee
Sen. Joe Pennacchio's bill that would provide course credits for high school students who become volunteer firefighters was approved by the Senate Education Committee.…
Wordline shares surge on report Credit Agricole could take stake
PARIS (Reuters) – Shares in Worldline surged almost 12% on Friday after a media report said Credit Agricole was considering acquiring a stake in the French payment processing company. The French lender…
Invesco positive on Asian credit in 2024 as Fed pause looms
By Anisha Sircar (Reuters) – Global asset manager Invesco expects better returns from Asian credit markets in 2024 compared with the last two years as bets rise that the U.S. Federal Reserve…
Private credit to see best opportunities since ’08 crisis in coming years -PIMCO
By Matt Tracy and Davide Barbuscia (Reuters) – U.S. bond giant Pacific Investment Management Company (PIMCO) said on Monday it expects the next few years to provide the best opportunities for private…
Avenue Capital raising new ‘impact’ private credit fund – source
By Carolina Mandl NEW YORK (Reuters) – New York-based Avenue Capital Group plans early next year to launch a new fund to invest in so-called environmental impact private credit investments, according to…
Muddy Waters shorts CPI Property Group credit; bonds slammed
By Nell Mackenzie and Akanksha Khushi LONDON (Reuters) -A key bond of CPI Property Group fell by the most on record on Tuesday after short-selling hedge fund Muddy Waters said it had…
US demand for new credit down in 2023, New York Fed survey shows
By Michael S. Derby NEW YORK (Reuters) – Demand for new credit in the U.S. over the last year has declined and will likely stay soft in the future, according to a…
Poor euro zone bank valuations seen a drag on credit growth: ECB
FRANKFURT (Reuters) – Low valuations for euro zone bank stocks appear to reflect concerns about credit risk and shareholder payouts, likely weighing on future credit growth via stricter terms for borrowers, the…
ECB backs global rules for bonds wiped out in Credit Suisse rescue
FRANKFURT (Reuters) – The European Central Bank’s chief supervisor on Thursday supported creating global standards for convertible bonds that were wiped out as part of Credit Suisse’s rescue by rival UBS earlier…
Blackstone to raise $400 million to boost credit fund’s lending power – FT
(Reuters) – Blackstone is in the final stages of raising about $400 million for its Blackstone Private Credit Fund (BCRED) to secure additional investment advantage, the Financial Times reported on Thursday. The…
Manulife Investment Management to buy London-based credit manager CQS
(Reuters) – Manulife Investment Management, the global wealth and asset management arm of Canada’s largest insurer Manulife Financial, said on Wednesday it will buy London-based alternative credit manager CQS. The news comes…
Moody’s downgrades Fastpartner credit rating
COPENHAGEN (Reuters) – Moody’s said on Tuesday it had downgraded Swedish real estate company Fastpartner’s corporate family credit rating (CFR) to B1 from Ba3, and kept a negative outlook on the property…
Credit card data show drop in Israelis’ spending since start of Gaza war -cenbank
By Steven Scheer JERUSALEM (Reuters) – Five weeks into Israel’s war with Palestinian militant group Hamas, Israelis are spending less but a recovery may have begun after a steep drop at the…
Consumer Warning: Credit Card Skimmers Found at Newark Gas Station
NEWARK, NJ – On Thursday, November 3, Newark Police were alerted to credit card skimmers at a local BP gas station. Station management found the devices during a routine inspection of the…
Credit Card Fraudsters Sought in Bethlehem
BETHLEHEM, PA – The Bethlehem Police Department is asking for public assistance to identify three women linked to a distraction theft at the Giant on Nazareth Pike. The suspects coordinated to steal…
Fed report shows US loan officers see tighter credit, weaker demand
By Howard Schneider WASHINGTON (Reuters) – Banks tightened lending standards for U.S. businesses and households in the third quarter, but the pace of change appeared to ease, and demand for loans fell…
Moody’s creates private credit rating and research group
By Tatiana Bautzer NEW YORK (Reuters) – Ratings agency Moody’s is creating a unit to research and rate private credit, the firm said on Monday. The unit will be headed by Ana…
Private credit sees opportunity in Australia real estate as banks hesitate
By Lewis Jackson and Rae Wee SYDNEY (Reuters) – Private credit lenders are increasing their footprint in parts of the Australian commercial property market, providing alternatives for borrowers as banks scale back…
Swiss National Bank Chairman defends handling of Credit Suisse crisis
By John Revill BERN (Reuters) – Swiss National Bank (SNB) Chairman Thomas Jordan on Wednesday defended the central bank’s handling of the Credit Suisse crisis including handing out emergency cash to the…
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 Union at 1179 Annapolis Road. The 32-year-old…
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 Federal Credit Union, located at 825 Bestgate…
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 among local businesses. The initiative follows recent…
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 larceny. The incident happened on Sunday, October…
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