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 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, Steuben County. The device was discovered by…
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 to maintain ownership in a mega fund…
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 hit by customer withdrawals, joining commercial banks…
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 by Swiss regulator FINMA, Blick newspaper reported…
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 Saturday, June 24, around 03:00 AM, an…
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 Reserve data released on Friday showed. Bank…
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 conditions for sovereigns across Europe, the Middle…
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 Quik Lube, located on Old Tampa Road.…
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 and rising borrowing costs, industry experts said,…
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 Group AG, according to a memo seen…
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 nation’s economy ministry said on Wednesday, adding…
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 cards to their platforms, an issue that…
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, faces charges of Grand Larceny, Criminal Possession…
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, Cumberland County, is being sought by the…
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 that unfolded in the 121 Precinct. The…
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 with knowledge of the matter said, as…
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 tax exemption of $5,000. To qualify for…
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 by Swiss rival UBS. Under the terms…
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 before the bank sealed its takeover of…
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 its promise that the government-orchestrated rescue will…
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. It was reported to the police that…
UBS to impose restrictions on Credit Suisse bankers after takeover complete, FT says
(Reuters) – UBS AG is set to impose tight restrictions on Credit Suisse bankers, including a ban on new clients from high-risk countries and on complex financial products, the Financial Times said…
Factbox-UBS, government agree on Credit Suisse loss guarantees – key points
(Reuters) – UBS and the Swiss government agreed on Friday on how they will share losses linked to the bank’s emergency takeover of Credit Suisse, clearing the way for the deal to…
Assistance Sought in Identifying Suspects Linked to Stolen Credit Cards
NORFOLK, VA – The Norfolk Crime Line is currently seeking public assistance to identify two individuals involved in a larceny investigation. The incident took place on May 31, in the 9500 block…
Attempted Robbery Reported at Navy Federal Credit Union in Annapolis
ANNAPOLIS, MD – On Friday, at around 1:45 p.m., an attempted robbery was reported at the Navy Federal Credit Union located at 825 Bestgate Road, Annapolis. A suspect, described as a black…
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