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,…
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.…
Britain to lay out financial reforms to ‘turbocharge’ growth
By Huw Jones LONDON (Reuters) – Britain will set out reforms on Friday to ease bank capital rules, one of 30 measures the government says will unlock investment and secure its position…
Peru’s key financial institutions remain resilient amid political turmoil – Moody’s analyst
LIMA (Reuters) – Peru’s key economic and financial institutions remain resilient to political volatility, Moody’s analyst Jaime Reusche said Thursday after the country impeached and arrested one president and welcomed another in…
Nine Indicted On Charges Involving Embezzlement Of Hundreds Of Thousands Of Financial Aid Funds From A Higher Education Institution
Tampa, Florida – United States Attorney Roger B. Handberg announces the unsealing of an indictment charging Andrea Mitchell (53, Tampa), Lester Best (54, Tampa), Gloria Gutierrez (51, Lakeland), Sylvester Robinson (57, Temple…
Volkswagen expects difficult 2023 for financial services unit
(Reuters) – Volkswagen expects a difficult 2023 for its financial services unit on the back of economic downturn, higher energy prices and rising interest rates. “We see that people are more cautious…
UK financial watchdog fines brokers over market abuse controls
LONDON (Reuters) – Britain’s Financial Conduct Authority said on Thursday it has fined inter-dealer brokers BGC Brokers LP, GFI Brokers Limited, and GFI Securities Limited 4.77 million pounds ($5.80 million)for failing to…
Indictment Unsealed Charging Two Individuals in Alleged Financial Fraud Scheme
COLUMBUS, Ga. – A federal indictment was unsealed today charging two individuals in a pre-IPO investment scheme. On Nov. 9, a federal grand jury returned an indictment charging George Iakovou, 29, of…
Chief Financial Officer Of Global Public Relations Firm Sentenced To 52 Months In Prison For Fraud And Falsification Of Corporate Records
Damian Williams, the United States Attorney for the Southern District of New York, announced today that FRANK OKUNAK, the former chief financial officer of one of the world’s leading global public relations…
‘Endemic Level Of Deception’: Most Colleges ‘Understate’ Tuition Costs When Offering Students Financial Aid
‘Endemic Level Of Deception’: Most Colleges ‘Understate’ Tuition Costs When Offering Students Financial Aid Alexa Schwerha on December 5, 2022 A significant chunk of colleges are understating tuition costs or fail to…
UK watchdog moots tougher checks on financial marketing
By Huw Jones LONDON (Reuters) – Britain’s financial watchdog on Tuesday proposed tougher rules for approving financial promotions after a sharp rise in misleading marketing online. Currently, marketing information can be approved…
Texas may offer exit path for sanctioned financial firms
By Ross Kerber (Reuters) – A Texas official has offered big financial companies a potential avenue to leave an energy sanctions list if they drop out of corporate groups aiming to limit…
Financial conditionality
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets close the week on a solid footing, which is how they may well…
South Street Jeweler Convicted of Selling Counterfeit Rolexes and Financial Fraud Crimes
PHILADELPHIA – United States Attorney Jacqueline C. Romero announced that Dimitre Hadjiev, 41, of Upper Darby, PA, was convicted at trial of charges including trafficking in counterfeit goods and financial fraud offenses…
EU states offer exemption for financial services from ‘due diligence’ rules
By Huw Jones LONDON (Reuters) – European Union member states on Thursday reached a deal on rules that would force large companies to check whether their suppliers use slave or child labour,…
German financial system under strain but property correction not seen: Bundesbank
FRANKFURT (Reuters) – Risks in the German financial system are building as the economy heads for a recession and struggles with rising interest rates and sky-high energy prices, but a correction in…
Brazil’s Banco Safra buys Alfa financial conglomerate for $192 million
By Tatiana Bautzer SAO PAULO (Reuters) – Brazilian bank Banco Safra acquired control of financial conglomerate Alfa for 1.03 billion reais ($192.2 million), the bank said in a statement late on Wednesday.…
Pakistan flood recovery plan key to continued financial support -IMF
By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – Pakistan’s timely finalisation of a recovery plan from devastating floods is essential to support discussions and continued financial support from multilateral and bilateral partners, the…
Tax Filing Websites Might Have Given Facebook Your Financial Information: REPORT
Tax Filing Websites Might Have Given Facebook Your Financial Information: REPORT John Hugh DeMastri on November 22, 2022 High-profile tax filing websites, including H&R Block, TaxAct and TaxSlayer, have reportedly been giving…
Americans’ financial fragility largely unchanged in 2022, NY Fed says
By Michael S. Derby NEW YORK (Reuters) – Americans’ ability to meet a large unexpected expense was little changed in the New York Federal Reserve’s latest survey on credit issues, even as…
Fed’s Williams says monetary policy not best tool for financial stability
By Michael S. Derby NEW YORK (Reuters) -New York Federal Reserve President John Williams said on Wednesday he still believes monetary policy is not the best tool to address financial stability risks,…
Telecom Italia CEO sees scope for improving 2023, 2024 financial targets
MILAN (Reuters) – Telecom Italia (TIM) will likely improve its financial targets for the next two years, the head of Italy’s biggest phone group told top executives on Wednesday, according to a…
Energy firms’ derivatives are financial stability risk, says ECB
By John O’Donnell and Balazs Koranyi FRANKFURT (Reuters) -Energy companies’ use of derivatives poses a wider financial risk, the European Central Bank said on Wednesday, cautioning that those firms could encounter further…
Zurich Insurance sets more ambitious financial targets
By Carolyn Cohn and Michael Shields ZURICH/LONDON (Reuters) -Zurich Insurance Group set more ambitious financial targets for the next three years on Wednesday as insurers benefit from rising premium rates. Insurers globally…
Bahamas financial regulators appoint liquidators for FTX unit
(Reuters) – Financial regulators in the Bahamas on Monday appointed liquidators to run FTX’s unit in the country, just days after authorities said they were looking for any “criminal misconduct” by the…
Ohio Man Sentenced to Prison for Evading Financial Reporting Requirements
HUNTINGTON, W.Va. – Gary McComas, 27, of Chesapeake, Ohio, was sentenced today to five months in prison, to be followed by three years of supervised release, for structuring financial transactions to evade…
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