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Credit

Luzerne County Man Charged With Covid-Relief Fraud, Credit Card Fraud, And Identity Theft Offenses

December 8, 2022
Luzerne county man charged with covid-relief fraud, credit card fraud, and identity theft offenses - photo licensed by shore news network.

SCRANTON – The United States Attorney’s Office for the Middle District of Pennsylvania announced that Reynard Lewis, age 29, formerly of Nanticoke, Pennsylvania, was charged …

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CRTC rejects Telus’ request to charge processing fee on credit card payments

December 8, 2022December 8, 2022
Crtc rejects telus' request to charge processing fee on credit card payments - photo licensed by shore news network.

(Reuters) – A Canadian regulator said on Thursday it had rejected Telus Corp’s request to charge a processing fee on credit card payments made by …

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Former President of Waterbury Credit Union Admits Embezzling $250K

December 7, 2022
Former president of waterbury credit union admits embezzling $250k - photo licensed by shore news network.

Vanessa Roberts Avery, United States Attorney for the District of Connecticut, and David Sundberg, Special Agent in Charge of the New Haven Division of the …

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Automakers, South Korea urge U.S. to tap commercial EV tax credit

December 7, 2022
Automakers, south korea urge u. S. To tap commercial ev tax credit - photo licensed by shore news network.

By David Shepardson WASHINGTON (Reuters) – Many automakers and the South Korean government are urging the Biden administration to tap a commercial electric vehicle tax …

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Blackstone’s credit fund reaches withdrawal limit

December 6, 2022
Blackstone's credit fund reaches withdrawal limit - photo licensed by shore news network.

NEW YORK (Reuters) – Blackstone Inc said redemptions from its $50 billion non-traded business development company reached its pre-set limit for the first time but …

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Credit Agricole stops loans for new oil fields, plans more emission cuts

December 6, 2022
Credit agricole stops loans for new oil fields, plans more emission cuts - photo licensed by shore news network.

By Olivier Sorgho and Virginia Furness PARIS (Reuters) – France’s biggest retail lender Credit Agricole said on Tuesday it has stopped financing new oil extraction …

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BlackRock and Tradeweb Markets partner on credit trading

December 6, 2022December 6, 2022
Blackrock and tradeweb markets partner on credit trading - photo licensed by shore news network.

NEW YORK (Reuters) – The world’s largest asset manager BlackRock Inc and trading platform Tradeweb Markets Inc are partnering to enhance electronic bond trading, the …

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Vietnam central bank raises cap on 2022 credit growth

December 5, 2022
Vietnam central bank raises cap on 2022 credit growth - photo licensed by shore news network.

HANOI (Reuters) -Vietnam’s central bank said on Monday it had raised its 14% cap on the local banking system’s credit growth for this year by …

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Credit Suisse’s investment bank draws interest from Saudi crown prince – WSJ

December 4, 2022
Credit suisse's investment bank draws interest from saudi crown prince - wsj - photo licensed by shore news network.

(Reuters) – Investors including Saudi Arabia’s crown prince and a U.S. private-equity firm run by a former Barclays CEO have shown interest in investing $1 …

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Credit Suisse chairman says outflows have basically stopped

December 2, 2022December 2, 2022
Credit suisse chairman says outflows have basically stopped - photo licensed by shore news network.

ZURICH (Reuters) – Credit Suisse Chairman Axel Lehmann said in a TV interview with Bloomberg on Friday the embattled bank’s outflows have basically stopped and …

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Credit Suisse shares get closer to offer price in $2.4 billion cash call

December 1, 2022
Credit suisse shares get closer to offer price in $2. 4 billion cash call - photo licensed by shore news network.

MILAN (Reuters) – Credit Suisse shares fell to a fresh record low on Thursday approaching the offer price of the 2.24 billion Swiss francs ($2.37 …

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Credit default ratio in Brazil hits highest in almost 4 years

November 28, 2022November 28, 2022
Credit default ratio in brazil hits highest in almost 4 years - photo licensed by shore news network.

BRASILIA (Reuters) – A broad measure of Brazilian consumer and business credit default ratios rose in October to its highest level in almost four years, …

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Euro zone credit growth remains brisk despite gloomy outlook

November 28, 2022
Euro zone credit growth remains brisk despite gloomy outlook - photo licensed by shore news network.

FRANKFURT (Reuters) – Bank lending to euro zone companies held steady, maintaining the sector’s biggest borrowing binge in over a decade, despite rising interest rates …

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Few Credit Suisse clients have closed accounts – CEO of the bank’s Swiss unit

November 27, 2022November 27, 2022
Few credit suisse clients have closed accounts - ceo of the bank's swiss unit - photo licensed by shore news network.

ZURICH (Reuters) – The head of Credit Suisse’s Swiss unit said “some customers have withdrawn some of their money, but very few have actually closed …

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Credit Agricole is weighing foray into German car-sharing: media report

November 27, 2022November 27, 2022
Credit agricole is weighing foray into german car-sharing: media report - photo licensed by shore news network.

FRANKFURT (Reuters) – French bank Credit Agricole is weighing plans to offer car-sharing financial services in Germany because the growing market offers opportunities to challenge …

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Brazil to allow credit fintechs to initiate payment transactions

November 25, 2022November 25, 2022

BRASILIA (Reuters) -Brazil’s National Monetary Council on Friday decided to allow credit fintechs to initiate payment transactions, the central bank said, a move that will …

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Bank of China agrees to provide credit lines totaling more than 600 billion yuan to 10 property developers

November 25, 2022November 25, 2022
Bank of china agrees to provide credit lines totaling more than 600 billion yuan to 10 property developers - photo licensed by shore news network.

BEIJING (Reuters) – Bank of China Ltd announced Friday that it had agreed to provide credit lines totaling more than 600 billion yuan ($83.8 billion) …

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China banks pledge $162 billion in credit to developers, shares rally

November 24, 2022
China banks pledge $162 billion in credit to developers, shares rally - photo licensed by shore news network.

By Xie Yu and Ziyi Tang HONG KONG/BEIJING (Reuters) – China’s biggest commercial banks have pledged at least $162 billion in fresh credit to property …

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China’s Country Garden gets new credit line of up to $7 billion – Securities Times

November 23, 2022November 23, 2022
China's country garden gets new credit line of up to $7 billion - securities times - photo licensed by shore news network.

HONG KONG (Reuters) – Major Chinese developer Country Garden has signed a contract with the Postal Savings Bank of China for a credit line of …

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S. Korea household credit grows at slowest annual rate in at least 20 years

November 21, 2022November 21, 2022
S. Korea household credit grows at slowest annual rate in at least 20 years - photo licensed by shore news network.

SEOUL (Reuters) – South Korea’s household credit grew at the slowest annual pace in at least two decades in the third quarter, central bank data …

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Credit outlook darkens for non-financial companies, Moody’s says

November 21, 2022
Credit outlook darkens for non-financial companies, moody's says - photo licensed by shore news network.

By Juliette Portala (Reuters) – The outlook for credit conditions next year for non-financial companies in Europe, Middle East and Africa is negative, credit rating …

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After rough year, U.S. corporate credit entices investors

November 21, 2022
After rough year, u. S. Corporate credit entices investors - photo licensed by shore news network.

By Lisa Pauline Mattackal and Divya Chowdhury (Reuters) – Investors are increasingly eyeing U.S. corporate credit offering attractive valuations and yields after steep declines in …

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IMF to disburse $200 million to Democratic Rep. of Congo under credit line

November 21, 2022
Imf to disburse $200 million to democratic rep. Of congo under credit line - photo licensed by shore news network.

DAKAR (Reuters) – The International Monetary Fund (IMF) said on Monday it would disburse $200 million to Democratic Republic of Congo for balance-of-payment support, pending …

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France’s EDF, Credit Agricole sign 1 billion euro nuclear loan

November 18, 2022
France's edf, credit agricole sign 1 billion euro nuclear loan - photo licensed by shore news network.

LONDON (Reuters) – EDF and Credit Agricole said on Friday they had signed a 1 billion euro ($1.04 billion) loan to finance the maintenance of …

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Credit Suisse’s Swiss investment bank to be spared in overhaul

November 18, 2022November 18, 2022
Credit suisse's swiss investment bank to be spared in overhaul - photo licensed by shore news network.

ZURICH (Reuters) – The Swiss arm of Credit Suisse’s investment bank will be largely unaffected by the restructuring plan the bank announced last month, said …

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Vietnam considers raising cap on credit growth

November 17, 2022
Vietnam considers raising cap on credit growth - photo licensed by shore news network.

HANOI (Reuters) – Vietnam will consider lifting the cap on its credit growth, its prime minister said, as the economy is facing pressure from higher …

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Two Essex County Men Sentenced to Prison for Using Credit Cards and Checks Stolen From U.S. Mail as Part of a Scheme that Attempted to Defraud Banks of Over $1 Million

November 17, 2022
Two essex county men sentenced to prison for using credit cards and checks stolen from u. S. Mail as part of a scheme that attempted to defraud banks of over $1 million - photo licensed by shore news network.

NEWARK, N.J. – Two Essex County, New Jersey, men were sentenced yesterday and today for their roles in a scheme to steal credit cards, debit …

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Wasco Couple Arrested for 6-Year Credit Card Fraud Scheme that Caused $825,000 in Losses

November 17, 2022
Wasco couple arrested for 6-year credit card fraud scheme that caused $825,000 in losses - photo licensed by shore news network.

FRESNO, Calif. — Miguel Leyva, 35, and Karina Gutierrez, 32, both of Wasco, were arrested today after a federal grand jury indicted them for conspiracy, …

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Credit Suisse wealth boss De Ferrari targets growth markets, tech boost

November 17, 2022
Credit suisse wealth boss de ferrari targets growth markets, tech boost - photo licensed by shore news network.

By Oliver Hirt, Noele Illien and Michael Shields ZURICH (Reuters) – Francesco De Ferrari, the head of Credit Suisse’s wealth management business, is focused on …

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Harris Associates backs Credit Suisse handling of governance

November 11, 2022
Harris associates backs credit suisse handling of governance - photo licensed by shore news network.

ZURICH (Reuters) – Credit Suisse shareholder Harris Associates backed the Swiss bank’s handling of any potential conflicts of interest for Michael Klein, then board member, …

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Two Defendants Charged For Nationwide Online Marketing Scheme That Fraudulently Enrolled Customers In Credit Monitoring Monthly Subscription

November 10, 2022
Two defendants charged for nationwide online marketing scheme that fraudulently enrolled customers in credit monitoring monthly subscription - photo licensed by shore news network.

Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, Assistant Director in Charge of the New York …

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Biden’s Former Climate Czar Says John Kerry Could Circumvent Congress To Execute Carbon Credit Plan

November 8, 2022
Biden’s former climate czar says john kerry could circumvent congress to execute carbon credit plan - photo licensed by shore news network.

Biden’s Former Climate Czar Says John Kerry Could Circumvent Congress To Execute Carbon Credit Plan Jack McEvoy on November 8, 2022 Former White House National …

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Credit Suisse to use repurchased shares for employee plans

November 2, 2022
Credit suisse to use repurchased shares for employee plans - photo licensed by shore news network.

ZURICH (Reuters) – Credit Suisse’s board of directors has decided not to cancel more than 25 million shares it repurchased under a buyback programme halted …

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S&P downgrades Credit Suisse Group, Moody’s cuts some ratings

November 2, 2022
S&p downgrades credit suisse group, moody's cuts some ratings - photo licensed by shore news network.

ZURICH (Reuters) – S&P Global Ratings has downgraded Credit Suisse Group’s long-term issuer credit rating by one notch to BBB- and cut its view on …

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Former Home Depot Employee Pleads Guilty In Credit Card Fraud Scheme

November 1, 2022
Former home depot employee pleads guilty in credit card fraud scheme - photo licensed by shore news network.

Jacksonville, Florida – United States Attorney Roger B. Handberg announces that Kimyada Latoya Knight (41, Jacksonville) has pleaded guilty to credit card fraud. Knight faces …

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Credit Suisse confirms shareholder meeting for capital hike

November 1, 2022
Credit suisse confirms shareholder meeting for capital hike - photo licensed by shore news network.

ZURICH (Reuters) – Credit Suisse Group AG on Tuesday confirmed an extraordinary general meeting will take place on November 23 for shareholders to approve a …

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Credit Suisse plans to push ahead with China expansion after overhaul

October 31, 2022October 31, 2022
Credit suisse plans to push ahead with china expansion after overhaul - photo licensed by shore news network.

By Selena Li HONG KONG (Reuters) – Credit Suisse is forging ahead with expansion in China, with the country and Hong Kong set to see …

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Credit Suisse overhaul welcomed by Swiss National Bank – paper

October 28, 2022
Credit suisse overhaul welcomed by swiss national bank - paper - photo licensed by shore news network.

ZURICH (Reuters) – The Swiss National Bank endorses the measures Credit Suisse has taken to transform the embattled Swiss bank and shore up its capital, …

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Factbox-Who’s in and out in Credit Suisse’s day of reckoning

October 27, 2022
Factbox-who's in and out in credit suisse's day of reckoning - photo licensed by shore news network.

By Pamela Barbaglia (Reuters) – Credit Suisse’s latest shake-up has led to the promotion of some senior executives to more powerful roles while others are …

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Harris Associates welcomes Credit Suisse’s approach to improving performance

October 27, 2022October 27, 2022
Harris associates welcomes credit suisse's approach to improving performance - photo licensed by shore news network.

NEW YORK (Reuters) – Harris Associates, a shareholder of Credit Suisse Group, said on Thursday it welcomed the “aggressive” approach the Swiss bank was taking …

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Credit Suisse mulls IPO for CS First Boston – source

October 27, 2022
Credit suisse mulls ipo for cs first boston - source - photo licensed by shore news network.

ZURICH (Reuters) – Credit Suisse is exploring the possibility of an initial public offering for its CS First Boston spinoff, a source familiar with the …

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The evolution of Credit Suisse over 166 years

October 27, 2022
The evolution of credit suisse over 166 years - photo licensed by shore news network.

ZURICH (Reuters) – Credit Suisse announced on Thursday a strategic revamp aiming to turn the corner on years of scandals, losses and executive upheaval at …

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Credit Suisse posts Q3 loss of 4 billion Swiss francs

October 27, 2022
Credit suisse posts q3 loss of 4 billion swiss francs - photo licensed by shore news network.

ZURICH (Reuters) – Credit Suisse Group lost 4 billion Swiss francs ($4.06 billion) in the third quarter, badly missing the average estimate of 413 million …

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Credit Suisse’s possible First Boston revival may face hurdles

October 26, 2022October 26, 2022
Credit suisse's possible first boston revival may face hurdles - photo licensed by shore news network.

By Megan Davies NEW YORK (Reuters) – Credit Suisse may want to revive the First Boston brand for its investment bank – but doing so …

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Fitch downgrades Argentina’s sovereign credit rating to ‘CCC-‘

October 26, 2022October 26, 2022
Fitch downgrades argentina's sovereign credit rating to 'ccc-' - photo licensed by shore news network.

By Adam Jourdan BUENOS AIRES (Reuters) – Ratings agency Fitch on Wednesday downgraded Argentina’s long-term sovereign credit rating by a notch to ‘CCC-‘ from ‘CCC’, …

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Credit Suisse under investor scrutiny ahead of business overhaul

October 26, 2022October 26, 2022
Credit suisse under investor scrutiny ahead of business overhaul - photo licensed by shore news network.

By Vincent Flasseur and Davide Barbuscia (Reuters) – Credit Suisse Group AG is set to announce a major strategic overhaul on Thursday after a string …

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Euro zone credit growth rises again, despite gloomy outlook

October 26, 2022
Euro zone credit growth rises again, despite gloomy outlook - photo licensed by shore news network.

FRANKFURT (Reuters) – Bank lending to euro zone companies accelerated further in September, extending the sector’s biggest borrowing binge in over a decade, despite rising …

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Former Credit Union employee who repeatedly stole from elderly woman’s account sentenced to a year in prison

October 25, 2022
Former credit union employee who repeatedly stole from elderly woman’s account sentenced to a year in prison - photo licensed by shore news network.

Seattle – A former financial services representative at Alaska USA Federal Credit Union was sentenced today in U.S. District Court in Seattle to one year …

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Euro zone banks see falling loan demand, tighter access to credit in Q4

October 25, 2022
Euro zone banks see falling loan demand, tighter access to credit in q4 - photo licensed by shore news network.

FRANKFURT (Reuters) – Euro zone banks expect to tighten access to credit further in the fourth quarter and see a drop in loan demand as …

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French court approves Credit Suisse 238 million euro settlement agreement in tax case

October 24, 2022October 24, 2022
French court approves credit suisse 238 million euro settlement agreement in tax case - photo licensed by shore news network.

PARIS (Reuters) – A French court approved an agreement between Credit Suisse Group and the French financial prosecution office to settle a tax fraud and …

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