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…
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 New York City Police Department is seeking…
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 6:30 am. Officers located McCoy in the…
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 Switzerland over the next couple years, Chief…
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 said on Tuesday. As part of the…
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 quarter of 2023, according to a report…
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 car parts with fraudulent credit cards. The…
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, another risk to revenues as consumers pull…
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 31. A 26-year-old female reported her credit…
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 following a string of credit rating cuts…
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 certain surcharges for credit card transactions and…
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 as investors worried about the company’s potential…
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 internal probe into the historical servicing of…
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, has worsened only slightly even as the…
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, according to people familiar with the matter.…
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 Chapel Way in Gambrills. The victim, upon…
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 booth at the Capital City Mall. The…
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 Prelios to fintech firm ION Group, in…
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 and delaying the recovery of the property…
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, after 35 years at Credit Suisse. During…
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 executive said on Friday, as the ecommerce…
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 through the rest of this year, according…
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 Public Safety Department is requesting the public’s…
‘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 on Tuesday from “AAA” to “AA+” due…
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