New Jersey Democrats Approve Bill to Punish Towns Fighting Affordable Housing By Withholding State Grants and Financial Aid
NJ lawmakers give housing-compliant towns first shot at state grants Trenton, NJ – New Jersey’s Democrat lawmakers are making their point clear to municipalities across the state: build high density affordable housing,…
New Zealand government to boost financial support for 1.4 million people
By Lucy Craymer WELLINGTON (Reuters) – The New Zealand government is boosting financial support for around 1.4 million citizens as it tries to offset three-decade high inflation ahead of the country’s election…
SEC Staff Consulted With Green Financial Firm Accused Of Selling ‘Fictitious’ Carbon Credits
SEC Staff Consulted With Green Financial Firm Accused Of Selling ‘Fictitious’ Carbon Credits John Hugh DeMastri on March 11, 2023 U.S. Securities and Exchange Commission (SEC) officials met with representatives of a…
Moody’s downgrades credit ratings on Silicon Valley Bank, SVB Financial
(Reuters) – Rating’s agency Moody’s on Friday downgraded the ratings of SVB Financial Group and its bank subsidiary, Silicon Valley Bank. Moody’s slashed its credit ratings on Silicon Valley Bank’s long-term local…
White House: have faith in regulators when asked about SVB Financial
WASHINGTON (Reuters) – The White House on Friday said it had faith and confidence in U.S. financial regulators, when asked about the failure of SVB Financial Group, the largest bank failure since…
SVB Financial looks to sell itself – CNBC
(Reuters) -Startup-focused lender SVB Financial Group is looking to sell itself after an attempt to raise capital through a stock sale failed, CNBC reported on Friday. The bank was looking to raise…
Brazil announces pilot for digital currency seeking to leverage financial services
BRASILIA (Reuters) – Brazil’s central bank announced the start of a digital currency pilot project on Monday, aiming to replicate the success of its instant payment system Pix to popularize financial services…
China to deepen financial reform, open to more foreign investment
BEIJING/SHANGHAI (Reuters) – China will deepen financial reform and improve its regulatory regime to guard against risks to the economy, and further open up to foreign investment, Premier Li Keqiang said on…
Discover Financial Will Begin Tracking Firearm Purchases In April
Discover Financial Will Begin Tracking Firearm Purchases In April Bronson Winslow on March 3, 2023 Discover Financial Services has joined a coalition of companies that intend to track firearm and firearm-related purchases…
Russia’s central bank warns of growing financial sector risks
MOSCOW (Reuters) – Russia’s central bank governor on Thursday warned of possible “systemic risks” in the banking sector as lenders scramble to make up for a slump in profits recorded last year.…
Fed Chair Powell to testify at House Financial Services Committee March 8
(Reuters) – Federal Reserve Chair Jerome Powell will testify on the U.S. central bank’s semiannual monetary policy report to the House Financial Services Committee on March 8 at 10 a.m. ET, the…
Volkswagen’s financial services undergoing reorganization
FRANKFURT (Reuters) – Volkswagen is reorganizing its financial services holding companies, Volkswagen Bank and Volkswagen Financial Services said on Wednesday. “By bundling its activities in a European financial services provider, the refinancing…
Supreme Court To Decide Fate Of Key Financial Regulator: ‘Constitutional Defects’
Supreme Court To Decide Fate Of Key Financial Regulator: ‘Constitutional Defects’ Katelynn Richardson on February 27, 2023 The Supreme Court announced Monday it would take up a case challenging the Consumer Financial…
Colombia’s Viva Air changes CEO as it battles financial woes
BOGOTA (Reuters) – Colombian low-cost carrier Viva Air said on Thursday it has appointed Francisco Lalinde as interim president and chief executive as the company faces financial challenges and a local debt…
Hong Kong GDP to grow 3.5%-5.5% in 2023 – financial sec
HONG KONG (Reuters) – Hong Kong’s economy is expected to grow 3.5%-5.5% this year after shrinking 3.5% in 2022, as it leaves behind COVID-19 restrictions that had isolated the city from the…
Germans worry about inflation, say it causes financial pain – survey
BERLIN (Reuters) – Most Germans are worried about high inflation, and more than half of them report that rising prices are making them struggle financially, an international survey by Dynata showed. According…
Financial Advisor Sentenced To 42 Months In Prison On Fraud And False Statement Charges
Damian Williams, the United States Attorney for the Southern District of New York, announced that ADAM BELARDINO, the former chief executive officer of the Maddox Group, was sentenced in White Plains federal…
Love & money: Four ways to avoid financial infidelity
By Chris Taylor NEW YORK (Reuters) – Sorry to break it to you, but your romantic partner may be sharing a secret relationship. With guess who? JPMorgan Chase. Or Citibank, or Wells…
Fed’s Williams: Financial conditions seem broadly consistent with the Fed’s outlook on policy
By Michael S. Derby NEW YORK (Reuters) – New York Fed President John Williams said financial conditions are roughly in line with what central bankers want to see. “We still have work…
Prudential Financial profit falls 26% as market rout drags AUM
(Reuters) – Prudential Financial Inc reported a roughly 26% fall in fourth-quarter adjusted profit on Tuesday as a global market rout pressured the insurer’s assets under management (AUM). The previous year was…
EJ ANTONI: America Is Hurtling Toward Financial Calamity. It’s Not Too Late To Change Course
EJ ANTONI: America Is Hurtling Toward Financial Calamity. It’s Not Too Late To Change Course E.J. Antoni on February 7, 2023 Much of the rhetoric around the debt ceiling is either hyperbolic…
U.S. financial conditions may tighten further: SF Fed paper
By Ann Saphir (Reuters) – U.S. stocks may fall further, and bond yields rise, as the Federal Reserve continues its current round of interest-rate hikes in coming months, according to an analysis…
Australia’s CBA simplifies financial reporting after sale of wealth management unit
(Reuters) – Commonwealth Bank of Australia said on Monday it will simplify its financial reporting in upcoming half-year fiscal results to reflect the sale of its wealth management business last year. The…
Blinken to meet China’s Xi during Beijing visit -Financial Times
WASHINGTON (Reuters) -U.S. Secretary of State Antony Blinken will meet with China’s President Xi Jinping during a visit to Beijing next week, the Financial Times reported on Thursday, citing people familiar with…
Oklahoma Treasurer Presses Financial Institutions To Say Whether They’re Boycotting Energy Firms
Oklahoma Treasurer Presses Financial Institutions To Say Whether They’re Boycotting Energy Firms John Hugh DeMastri on February 1, 2023 Republican State Treasurer Todd Russ of Oklahoma sent a letter to over 100…
World Bank approves $600 million loan to support Philippines’ recovery, financial sector
MANILA (Reuters) – The World Bank said on Tuesday it has approved a $600 million loan to support the Philippines’ economic recovery and efforts to make its financial sector more resilient. The…
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