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,…
Provident Financial to change name and CEO
(Reuters) – Provident Financial said on Thursday it was replacing its chief executive officer and renaming the company as the British subprime lender repositions itself as a specialist banking group. The lender,…
People Are Falling Behind On Their Car Payments At Levels Not Seen Since The Financial Crisis
People Are Falling Behind On Their Car Payments At Levels Not Seen Since The Financial Crisis John Hugh DeMastri on January 25, 2023 The portion of Americans that are “severely delinquent” on…
Governor Hochul silent after NYC Mayor requests financial assistance for transported migrants
by Jennie Taer NEW YORK, NY – Mayor Eric Adams’ requests to assist illegal migrants arriving in New York City have yet to be answered by Democratic New York Governor Kathy Hochul.…
Britain’s financial services exports tick higher, U.S. top customer
By Huw Jones LONDON (Reuters) – Britain’s trade surplus in financial and related professional services edged up in 2021 as the United States cemented its position as the top customer, while the…
Germany joins battle against EU ban on financial product commission
By Huw Jones LONDON (Reuters) – Banning commission-based sales of financial products from banks and insurers would be a “serious setback” to the European Union’s capital market and limit choice for consumers,…
Former Chief Financial Officer Of Email Security Company Pleads Guilty To $50 Million Scheme To Defraud Investors And Lenders
Damian Williams, the United States Attorney for the Southern District of New York, announced today that NIHAT CARDAK, the former Chief Financial Officer (“CFO”) of the Virginia-based email security company GigaMedia Access…
Ex-Goldman bankers tap LinkedIn, headhunters in frail financial jobs market
By Scott Murdoch, Selena Li and Sinead Cruise SYDNEY/HONG KONG/LONDON (Reuters) – Newly unemployed Goldman Sachs workers are tapping head-hunters after losing their jobs in its biggest restructuring since the 2008-9 financial…
Man beaten and robbed inside financial downtown subway station in broad daylight
NEW YORK, NY – A 46-year-old man was beaten and robbed by two unknown suspects inside the Rector Street subway station in downtown Manhattan on Thurdsday. On Monday, detectives with the New…
Hedge fund fees fall to lowest level since 2008 financial crisis -HFR
By Nell Mackenzie LONDON (Reuters) – Hedge fund fees have dropped to their lowest level since the global financial crisis in 2008, research firm Hedge Fund Research (HFR) said on Friday, as…
Bed Bath & Beyond Raises Specter Of Bankruptcy Amid Ongoing Financial Disaster
Major Retailer Raises Specter Of Bankruptcy Amid Ongoing Financial Disaster John Hugh DeMastri on January 5, 2023 Bed Bath & Beyond anticipated that it will report a nearly $400 million shortfall in…
Former Chief Financial Officer Of Two SPACs Pleads Guilty To Fraud Scheme
Damian Williams, the United States Attorney for the Southern District of New York, announced today that COOPER MORGENTHAU, the former chief financial officer of two special purpose acquisition companies (“SPAC-1” and “SPAC-2”),…
Edelweiss Financial Services to raise funds via public issue
MUMBAI (Reuters) – Edelweiss Financial Services plans to raise at least 2 billion rupees ($24.19 million) through the public issue of non-convertible debentures, according to a term sheet. The company’s public issue…
Turkish central bank includes other financial firms in securities regulation
ANKARA (Reuters) – The Turkish central bank has included non-bank financial companies in securities maintenance regulations as part of its “liraization strategy” which will be introduced in the New Year. In addition…
House Financial Services Committee Member Unloads Up To $12 Million In Stocks
House Financial Services Committee Member Unloads Up To $12 Million In Stocks Trevor Schakohl on December 29, 2022 Outgoing Republican House Financial Services Committee member Van Taylor sold between roughly $3 million…
FBI AND PARTNERS ISSUE NATIONAL PUBLIC SAFETY ALERT ON FINANCIAL SEXTORTION SCHEMES
U.S. Virgin Islands – The Federal Bureau of Investigations (FBI), in partnership with Homeland Security Investigations and the National Center for Missing and Exploited Children, is issuing a national public safety alert…
US Media Outlet Has Extensive Partnerships, Financial Dealings With Orgs Tied To Chinese Communist Party Influence Operations
US Media Outlet Has Extensive Partnerships, Financial Dealings With Orgs Tied To Chinese Communist Party Influence Operations Philip Lenczycki on December 21, 2022 The China Project (TCP), a New York-based media outlet…
Here’s how Bidenflation is impacting New Jersey residents as state Democrats refuse to adjust
TRENTON, NJ – New Jerseyans have always been among the highest taxed Americans, but a double whammy of Bidenflation and Democrat tax policy is making residents suffer even more. New Jersey Democrats…
Fox Business Contributor Claims Liz Warren’s Crypto Bill Is A ‘Bullet To Financial Privacy’
Fox Business Contributor Claims Liz Warren’s Crypto Bill Is A ‘Bullet To Financial Privacy’ Harold Hutchison on December 16, 2022 A Fox Business contributor blasted Democratic Sen. Elizabeth Warren of Massachusetts’ recently…
U.S. targets Russian financial services sector, businessman Potanin
By Daphne Psaledakis and Humeyra Pamuk WASHINGTON (Reuters) – The United States on Thursday targeted Russia’s financial services sector and Russian businessman Vladimir Potanin, increasing pressure on Moscow over its invasion of…
Former Chief Financial Officer Faces Charges for Failing to Pay Over $3.6M in Employee Tax Withholdings and for Pocketing $130,000 from his Employer’s Bank Account
A former chief financial officer and vice president of finance for a company with offices in Oklahoma made an initial appearance in federal court Wednesday for failing to pay over to the…
Insider At Major Financial Services Organization And Retired Financial Professional Charged With Multimillion Dollar Front-Running Scheme
Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, the Assistant Director in Charge of the New York Field Office of the Federal Bureau…
China financial futures exchange adjusts rules for new option product
SHANGHAI (Reuters) – The China Financial Futures Exchange on Wednesday tweaked its trading limit rules to add a new product that will debut on Monday. The options based on the SSE 50…
Danske Bank Pleads Guilty To Fraud On U.S. Banks In Multi-Billion Dollar Scheme To Access The U.S. Financial System
Damian Williams, the United States Attorney for the Southern District of New York, Lisa O. Monaco, the Deputy Attorney General of the United States, Kenneth A. Polite Jr., the Assistant Attorney General…
Pakistan hopes to finalise talks with Saudi Arabia on financial help soon
ISLAMABAD (Reuters) -Pakistan is hoping to conclude talks with Saudi Arabia soon on financial help for the South Asian nation, Pakistan’s Finance Minister Ishaq Dar said on Monday. Dar also told a…
Thai financial system stable but could be exposed to global risks -central bank
BANGKOK (Reuters) – Thailand’s financial system is resilient but stability could be affected by an abrupt change in the global financial market, which warrants close monitoring, the central bank said on Friday.…
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