State College landlord settles lawsuit over withheld security deposits, unsafe housing
HARRISBURG, PA — A State College landlord accused of withholding security deposits and providing unsafe living conditions has reached a settlement with the Pennsylvania Attorney General’s Office. Rodney Hendricks, doing business as…
US regulators say deposits into First Republic Bank show system’s resilience
WASHINGTON (Reuters) – Federal regulators and the Treasury Department on Thursday welcomed a decision by 11 larger banks to deposit $30 billion into regional bank First Republic Bank and said it showed…
First Republic receives $30 billion in deposits from big banks
(Reuters) – First Republic Bank has received $30 billion in deposits from several big banks including JPMorgan Chase & Co, Citigroup Inc and Morgan Stanley, the banks said in a statement on…
US FDIC may need temporary guarantee for all bank deposits -ex chief Bair
By David Lawder WASHINGTON (Reuters) – The Federal Deposit Insurance Corp may need to seek temporary guarantees for all uninsured U.S. bank deposits to stem a drain of funds from small and…
New SVB CEO urges top venture capital clients to move deposits back
By Krystal Hu (Reuters) – Silicon Valley Bank’s new Chief Executive Tim Mayopoulos on Tuesday urged the failed bank’s top venture capital clients to move their deposits to its newly created bridge…
U.S. banking behemoths attract flood of deposits after SVB collapse -sources
By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) – U.S. consumers have flooded banking giants, including JPMorgan Chase & Co, Bank of America Corp and Citigroup Inc with deposits after the…
Tucker Carlson Wonders What The Federal Gov’t Will Get In Return For ‘Backstopping’ Deposits At Failed Banks
Tucker Carlson Wonders What The Federal Gov’t Will Get In Return For ‘Backstopping’ Deposits At Failed Banks Harold Hutchison on March 13, 2023 Fox News host Tucker Carlson questioned what the federal…
Factbox-Top five U.S. regional banks with most uninsured deposits
(Reuters) – The collapse of two major U.S. banks within days has put the spotlight on other mid-cap lenders’ balance sheets, with a few of them rushing to calm investors’ fears of…
Silicon Valley Bank deposits to be available Monday – US officials
WASHINGTON (Reuters) – Silicon Valley Bank customers will have access to their deposits starting on Monday, U.S. officials said on Sunday. “Depositors will have access to all of their money starting Monday,…
FDIC racing to start returning some uninsured SVB deposits as soon as Monday, Bloomberg News says
(Reuters) – The Federal Deposit Insurance Corporation (FDIC), which is overseeing the emergency breakup of SVB Financial Group, is racing to sell assets and make a portion of clients’ uninsured deposits available…
ECB cuts interest rate on government deposits
FRANKFURT (Reuters) – The European Central Bank said on Tuesday it would cut the maximum rate it pays on deposits held by governments to give them an incentive to redeploy that cash…
Russians’ deposits with foreign banks jumped to almost $82 billion in Jan-Nov
MOSCOW (Reuters) – Russians’ deposits with non-resident banks increased by around 2.5 times between January and November last year to almost 5 trillion roubles, around $82 billion according to the exchange rate…
Greek private sector bank deposits drop in October
ATHENS (Reuters) – Greek private sector bank deposits dropped in October after rising for six months in a row, central bank data showed on Monday. Business and household bank deposits decreased to…
Hungary caps interest rates on large commercial bank deposits
BUDAPEST (Reuters) -Commercial banks in Hungary cannot pay an interest rate higher than the three-month discount bill yield on deposits by certain large institutional and private investors, the Minister for Economic Development…
Binance halts FTT deposits, CEO says
(Reuters) – Cryptocurrency exchange Binance has stopped accepting deposits of FTX’s FTT token on its platform, its chief executive Changpeng Zhao said on Sunday, urging other rival exchanges to do the same.…
Long Island Businesswoman Convicted of Obstructing the Internal Revenue Service, Filing False Tax Returns, and Structuring Cash Deposits
Earlier today, a federal jury in Central Islip returned a guilty verdict on all five counts of superseding indictment charging Lorraine Pilitz, also known as “Lorraine Christie,” and “Lorraine Storms” with illegally…
Banks should manage heightened risks from crypto firm deposits –Fed’s Barr
By Hannah Lang (Reuters) -Banks that accept deposits from cryptocurrency companies should be aware of increased liquidity risks, particularly if firms are highly interconnected with other digital asset businesses, said Michael Barr,…
Japanese foreign currency deposits rise at fastest rate since 2015
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Japanese retail foreign currency deposits have jumped this year as local investors switch out of a weakening yen and zero-yielding local bond markets and…
Swiss National Bank cuts overnight deposits by 30 billion francs
ZURICH (Reuters) – The amount of commercial bank cash held overnight with the Swiss National Bank fell by 30 billion Swiss francs ($30.07 billion) last week, data on Monday showed, illustrating how…
Swiss central bank steps up policy tightening as sight deposits drop $78 billion
By John Revill ZURICH (Reuters) – Overnight deposits held by the Swiss National Bank plunged by 77.5 billion Swiss francs ($78.32 billion) last week, their biggest ever weekly fall, the latest sign…
New Zealand introduces legislation to guarantee deposits
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s Finance Minister Grant Robertson said on Thursday that new legislation had been introduced to parliament that will establish a formal scheme to protect depositors…
Live Oak Postal Carrier Pleads Guilty To Stealing Verizon Wireless Cash Deposits
Jacksonville, Florida – United States Attorney Roger B. Handberg announces that Mikah Nathaniel Strickland (27, Live Oak) has pleaded guilty to stealing cash deposits from the mail. Strickland faces a maximum penalty…
As credit demand grows in India, banks may soon be scrambling for deposits
By Nupur Anand and Swati Bhat MUMBAI – Loan growth in India is at a three-year high and seen inching up further as economic activity gains traction but a much slower growth…
Chinese depositors left in dark as three local banks freeze deposits
By Engen Tham SHANGHAI – Three banks in China’s central Henan province have frozen at least $178 million of deposits, offering scant information on why or for how long, leaving firms unable…
Polish govt not expected to force banks to raise rates on deposits, mBank says
WARSAW – Interest rates on deposits held in Polish banks will grow due to competition, mBank CEO Cezary Stypulkowski said on Wednesday, adding he did not expect the government to introduce any…
In virus-hit China, investors rush headlong into bonds and deposits
SHANGHAI – Chinese investors are shunning equity funds and piling into bonds, deposits and money market products, as stocks tumble and a gloomy economic outlook saps demand for risky assets. Money is…
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