Amazon set to launch credit card in Brazil with Bradesco
SAO PAULO (Reuters) – Amazon.com will launch a credit card offering in Brazil, in a partnership with Brazilian lender Banco Bradesco SA, the bank’s chief …
Credit
Hedge fund investors hunt credit, equity portfolios
NEW YORK (Reuters) – Big investors, such as pension funds and insurance companies, are willing to increase their allocation to credit and equity hedge funds …
Stolen Credit Card Sheds Light on Car Thief
NEWARK, NJ – On July 27, unidentified individuals reportedly stole a credit card from an unlocked vehicle and used it for multiple purchases. The Newark …
‘That’s A Death Spiral’: Experts Blame Biden For Credit Rating Down Grade
‘That’s A Death Spiral’: Experts Blame Biden For Credit Rating Down Grade Will Kessler on August 3, 2023 Fitch Ratings downgraded the U.S. credit rating …
Winners and losers likely as Switzerland absorbs Credit Suisse layoffs
ZURICH (Reuters) – Switzerland’s financial capital is bracing itself for the biggest wave of job losses in over a decade following Credit Suisse’s collapse earlier …
UBS lays off Credit Suisse investment bank staff, closes Houston office -source
By Tatiana Bautzer and Shankar Ramakrishnan NEW YORK (Reuters) – UBS Group is laying off employees from Credit Suisse’s investment bank this week in New …
Marketmind: Markets shake off surprise US credit downgrade
A look at the day ahead in European and global markets from Brigid Riley Fitch delivered the markets a doozy of a surprise with an …
Karine Jean-Pierre Says US Credit Rating Downgrade ‘Defies Reality’
Karine Jean-Pierre Says US Credit Rating Downgrade ‘Defies Reality’ Harold Hutchison on August 1, 2023 White House press secretary Karine Jean-Pierre said Tuesday that a …
US’ Credit Rating Downgraded
US’ Credit Rating Downgraded Will Kessler on August 1, 2023 One of the world’s largest credit agencies announced on Tuesday that it was lowering the …
Turkey curbs credit card use for foreign travel, in blow to sector
By Ceyda Caglayan ISTANBUL (Reuters) – Turkey’s banking watchdog has stopped allowing credit card payments by instalment for foreign travel, such as flights, travel agency …
UK mortgage approvals and consumer credit jump unexpectedly in June: BoE
By Andy Bruce and David Milliken LONDON (Reuters) -British lenders approved more mortgages than expected in June and net unsecured lending to consumers shot up …
Gloucester County Man Pleads Guilty to Bank and Credit Card Fraud
CAMDEN, N.J. – A man from Gloucester County, New Jersey has accepted responsibility for his involvement in fraudulent schemes. Misty Sarfo-Adu, a 28-year-old resident of …
European credit hedge funds top investor most-wanted list- Barclays
By Nell Mackenzie LONDON (Reuters) – European credit hedge funds topped a most-wanted list of global hedge fund strategies in the second half of this …
Corporate credit quality weaker than markets factor in – Janus Henderson
By Chiara Elisei LONDON (Reuters) – Corporate credit quality is weaker than financial markets currently price in, while defaults are likely to pick up in …
China to boost credit support to consumer sector – regulator
BEIJING (Reuters) – China will guide banks to boost credit in the consumer service industry, its financial regulator said on Thursday, as authorities seek to …
Key U.S. credit metrics that will inform the Fed’s policy moves
By Safiyah Riddle (Reuters) – Weakening loan growth for U.S. banks and what top lending officers across the industry have to say about the credit …
Morgan Stanley cuts Israel sovereign credit to “dislike stance” after judiciary changes
By Marc Jones LONDON (Reuters) -Morgan Stanley cut Israel sovereign credit to a “dislike stance” on Tuesday after the country’s parliament passed the first in …
Fed fines UBS $268.5 million for Credit Suisse missteps with Archegos
WASHINGTON (Reuters) – The U.S. Federal Reserve announced Monday it had fined UBS Group AG $268.5 million for Credit Suisse’s misconduct around its dealings with …
Dover Police Investigate Unauthorized Credit Card Usage
DOVER, DE – The Dover Police Department is seeking assistance from the public in identifying a suspect involved in an unauthorized use of a credit …
Asia’s private credit markets thrive as desperate borrowers find lenders
By Rae Wee SINGAPORE (Reuters) – When global commercial real estate services firm JLL found public debt and loan markets were averse to funding a …
Australian BNPL firm Zip’s credit performance in local market weakens further
(Reuters) – Australia’s Zip Co Ltd said on Thursday it faced a jump in bad debts at home grounds, its biggest market by revenue, during …
Credit Suisse ups S&P 500 year-end forecast to 4,700
NEW YORK (Reuters) – Credit Suisse increased its year-end target on the S&P 500 to 4,700 from 4,050, citing a decline in the near-term U.S. …
Analysis-Takeover benefits: UBS investors warm to Credit Suisse deal
By Oliver Hirt ZURICH (Reuters) – UBS’s emergency takeover of Credit Suisse may lead to thousands of job losses, departures of key staff and a …
Wallet Thief Wanted for Grand Larceny After Using Stolen Credit Cards
NEW YORK CITY, NY – The New York City Police Department seeks the public’s assistance in identifying a suspect in a grand larceny incident. The …
‘Massive Threat’: DeSantis Says Centralized Digital Currencies Open Door To ‘Social Credit System’
‘Massive Threat’: DeSantis Says Centralized Digital Currencies Open Door To ‘Social Credit System’ Harold Hutchison on July 14, 2023 Republican Gov. Ron DeSantis of Florida …
A look at the state of US bank credit as earnings season begins
By Safiyah Riddle (Reuters) – Friday kicks off a week or more of earnings reports from U.S. banks covering the April-through-June period, the first full …
US small business lending holding up despite higher cost of credit
By Safiyah Riddle (Reuters) – U.S. small businesses are paying the most for loans in 16 years as borrowing costs have skyrocketed under the Federal …
Deposit withdrawals at South Korea credit union have stabilised -ministry
SEOUL (Reuters) – Customer withdrawals from MG Community Credit Cooperatives (MGCCC), a troubled South Korean credit union, have clearly stabilised amid government efforts to ward …
Banking Giant To Pay Customers Over $100 Million Due To Junk Fees And Credit Card Deception
The Consumer Financial Protection Bureau (CFPB) ordered Bank of America to pay customers over $100 million for unlawfully charging junk fees to customers among other …
Credit Card Skimming Device Found at Walmart
ERWIN, NY – The New York State Police are investigating the use of a credit card skimming device at Walmart in the town of Erwin, …
UBS shelves plan for new China fund unit, takes over Credit Suisse joint venture – sources
By Selena Li and Samuel Shen HONG KONG (Reuters) – UBS has halted plans to set up a new fund unit in China and decided …
S.Korea state-run banks join liquidity support effort for credit union
By Jihoon Lee SEOUL (Reuters) -South Korean state-run banks are providing at least two trillion won ($1.54 billion) of liquidity support to a credit union …
Saudi National Bank was denied taking 40% Credit Suisse stake -report
VIENNA (Reuters) – Saudi National Bank wanted to increase its stake in Credit Suisse to around 40% from 9.88%, but was prevented from doing so …
Woman robbed, Her Credit Cards Used by Thieves
NEW YORK CITY, NY – The New York City Police Department has requested public assistance in identifying individuals related to a grand larceny case. On …
US bank credit rose last week, while commercial and industrial loans fell -Fed data
(Reuters) – Bank credit for U.S. commercial banks expanded slightly in the last week of June, even as commercial and industrial lending ticked down, Federal …
EMEA credit rating trends see bright spots – S&P
(Reuters) – A clearer outlook on the United States’ monetary policy cycle, economic policy adjustments and fewer energy price shocks make for more stable credit …
Former Quik Lube employee wanted for credit card fraud
Parrish, FL – The Manatee County Sheriff’s Office is currently investigating multiple cases of credit card fraud linked to a former employee at Oil Masters …
Small U.S. homebuilders tap the brakes as credit squeeze, rising rates hurt
By Ananta agarwal (Reuters) – Small U.S. homebuilders are backing off from bringing more houses to the market, discouraged by a banking crisis-led credit squeeze …
Credit Suisse appoints investment banking management committee -memo
By Tatiana Bautzer NEW YORK (Reuters) – Credit Suisse Group AG on Thursday appointed an investment banking management committee to oversee its integration with UBS …
Argentina announces over $1 billion in credit from World Bank, IDB
BUENOS AIRES (Reuters) – The World Bank and the Inter-American Development Bank (IDB) will provide Argentina with funds totaling over $1 billion, the South American …
Chinese payment giants revive effort to accept foreign credit cards
By Josh Ye HONG KONG (Reuters) – Chinese tech giants Tencent Holdings and Ant Group said that they would allow users to link international credit …
Brooklyn Subway Thief Arrested After Using Stolen Credit Card
BROOKLYN, NY – On Thursday, Jose Solano, a 31-year-old male, was arrested by the 60th Police Department. Solano, a resident of 87 Lexington Avenue, Brooklyn, …
Assistance Needed in Identifying Credit Card Theft Suspect
VINELAND, NJ – A suspect who used stolen identity and credit card information to purchase $5,889.32 worth of goods from the Home Depot in Vineland, …
New York City Police Search for Suspect Wanted for Stolen Credit Cards
NEW YORK CITY, NY – The New York City Police Department seeks the public’s assistance in identifying an individual connected with a grand larceny case …
UBS to start Credit Suisse Asia investment banking job cuts in July -sources
By Kane Wu and Selena Li HONG KONG (Reuters) – UBS will start cutting Asia investment banking jobs at Credit Suisse next month, three people …
New Jersey volunteer firefighters could get $5k annual tax credit
TRENTON, NJ – A new bill has been introduced that would allow volunteer firefighters and first aid or rescue squad members to claim an additional …
Credit Suisse shares close slightly higher on final trading day
ZURICH (Reuters) – Credit Suisse shares closed 1% higher at 0.81 Swiss francs ($0.89) on Monday, their last trading day after the stricken bank’s takeover …
UBS CEO says about 10% of Credit Suisse staff have left
By Noele Illien and John Revill ZURICH (Reuters) -UBS Chief Executive Sergio Ermotti said on Monday that around 10% of Credit Suisse employees had left …
Explainer-UBS has Swiss mountain to climb with Credit Suisse
By Tomasz Janowski, Oliver Hirt and John Revill ZURICH (Reuters) – With its Credit Suisse takeover officially wrapped up, UBS must now make good on …
Gym locker thieves wanted for using stolen credit cards
NEW YORK, NY – Three women are wanted for theft inside a Broadway fitness center and then using stolen credit cards to make purchases illegally. …