By Michael S. Derby NEW YORK (Reuters) – For a Federal Reserve that is actively weighing an end to aggressive rate hikes aimed at lowering inflation, easing financial conditions over …
Financial
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(Reuters) – Financial services firm Codorus Valley will merge with Orrstown Financial in an all-stock deal, creating a bank with $5.2 billion in assets. The banks said on Tuesday their …
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West New York Financial Advisor Convicted on 11 Counts at Trial in Multimillion-Dollar Health Care Fraud Conspiracy
by Indira PatelCAMDEN, N.J. – A West New York financial advisor was found guilty on 11 counts of defrauding public health insurance plans out of more than $4 million and transacting in …
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By Mohd Edrees (Reuters) – Stock exchanges in the United Arab Emirates closed in red on Friday, with industrial and financial stocks taking the biggest hit as investors were cautious …
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By Huw Jones LONDON (Reuters) – Britain’s “big promises” to boost the financial sector’s post-Brexit global competitiveness have been a “damp squib”, with many of the changes yet to be …
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By Doyinsola Oladipo (Reuters) – Airbnb on Tuesday announced changes to its executive leadership team, including the creation of a chief business officer position as the company looks to expand …
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BEIJING (Reuters) – A key Chinese financial regulator said on Sunday it would accelerate reform of small and midsize financial institutions as it steps up its oversight of the sector. …
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Laplace Resident Pleads Guilty to Wire Fraud for Defrauding Cares Act Financial Assistance Program
by Indira PatelNEW ORLEANS – U.S. Attorney Duane A. Evans announced that BASHIR SCHOFIELD, age 24, a resident of LaPlace, Louisiana, pleaded guilty today before United States District Judge Greg G. Guidry …
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(Reuters) – Richard “Alex” Murdaugh, a disgraced former powerhouse lawyer in South Carolina already serving life in prison for the murder of his wife and son, received a 27-year sentence …
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(Reuters) – Accounting software-maker Intuit on Tuesday beat Wall Street estimates for first-quarter profit and revenue, on resilient demand for its artificial intelligence infused products that help businesses manage their …
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By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Interest rate decisions and guidance from New Zealand and Thailand, and inflation figures from Australia will …
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ZURICH (Reuters) -UBS Chairman Colm Kelleher has called for the Swiss financial industry regulator FINMA to be given more powers after the downfall of Credit Suisse showed the authority lacked …
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TOKYO (Reuters) – Top finance officials from Japan and Britain exchanged views and analysis on current global and domestic economic challenges such as elevated inflation and volatile currency and financial …
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TOKYO (Reuters) -Sumitomo Mitsui Financial Group (SMFG) on Monday said group CEO Jun Ohta died on Nov. 25 aged 65 of pancreatic cancer. Japan’s second-biggest lender after Mitsubishi UFJ Financial …
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FRANKFURT (Reuters) – Germany’s financial firms may be well capitalised now but face challenges ranging from rising interest expenditure and weak loan demand to unrealised losses, Bundesbank Vice President Claudia …
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By Xinghui Kok SINGAPORE (Reuters) -Singapore’s economy grew faster than initial estimates in the third quarter, helped by a resurgence in tourism and service sector activity, although authorities warned of …
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BEIJING (Reuters) – China’s Central Financial Commission (CFC), with Premier Li Qiang in place as its head, urged stronger supervision of risks in the multi-trillion dollar financial sector as China …
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(Reuters) – U.S. regulators are pushing Wells Fargo to improve its monitoring system to detect criminal activity at the bank, the Wall Street Journal reported on Thursday, citing people with …
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By Rodrigo Campos NEW YORK (Reuters) – Global investors expect a large amount of financial pain out of Argentina no matter who voters pick on Sunday as their next president, …
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NEWS RELEASE SUMMARY – November 13, 2023 SAN DIEGO – The CEO of San Diego-based Ethos Asset Management, Inc., which offers financing to international businesses, was arrested in New Jersey …
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U.S. Attorney for Alaska announces sentence in $26M investment fraud scheme, discusses financial crime priority
by Indira PatelANCHORAGE, Alaska – An Anchorage man was sentenced today to 10 years in prison for defrauding at least 177 victims of more than $26 million through an investment fraud scheme. …
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FREEHOLD, NJ – The Monmouth County Prosecutor’s Office announced the arrest of Bruno Lopes-Ferreira, 30, a former Special Law Enforcement Officer in Long Branch, charged with several financial crimes. The …
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By Carolina Mandl NEW YORK (Reuters) – Global hedge funds built bearish positions this week to the highest level in nearly five years, Goldman Sachs said on Friday, without citing …
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Analysis-Some investors see Powell’s hawkish lean as response to looser financial conditions
by ReutersBy Davide Barbuscia and David Randall (Reuters) – A hawkish lean from Federal Reserve Chair Jerome Powell chilled a recent rebound in stocks and bonds, with some investors suggesting the …
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TRENTON, NJ — As the holiday season approaches, New Jersey residents face financial challenges amid rising inflation, prompting changes in traditional gift-giving practices. A survey from the personal finance website …