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,…
Credit Suisse executives reassure investors after CDS spike, Financial Times reports
(Reuters) – Credit Suisse executives spent the weekend reassuring large clients, counterparties and investors about its liquidity and capital position, the Financial Times reported on Sunday. A spokesman for Credit Suisse declined…
UK Economy In Shambles As Central Bank Tries To Stop A Full-Blown Financial Crisis
UK Economy In Shambles As Central Bank Tries To Stop A Full-Blown Financial Crisis John Hugh DeMastri on September 28, 2022 Following sweeping tax cuts Friday that led to collapsing prices…
Former Financial Advisor Agrees to Plead Guilty to Aggravated Identity Theft
SACRAMENTO, Calif. — Tyler Rigsbee, 32, of Folsom, has signed a plea agreement admitting to committing aggravated identity theft, U.S. Attorney Phillip A. Talbert announced. Rigsbee was charged in a criminal information…
Former Financial Advisor Agrees to Plead Guilty to Aggravated Identity Theft
SACRAMENTO, Calif. — Tyler Rigsbee, 32, of Folsom, has signed a plea agreement admitting to committing aggravated identity theft, U.S. Attorney Phillip A. Talbert announced. Rigsbee was charged in a criminal information…
Roy Rogers Announces Lou Schaab as New Chief Financial Officer
Lou Schaab Plamondon Companies Hires New CFO to Oversee Roy Rogers and Plamondon Hospitality Partners Frederick, MD (PRESS RELEASE) Roy Rogers Restaurants, the western-themed quick-service restaurant chain owned by Plamondon Companies, announces…
U.S. Financial Stability Oversight Council to meet on Oct. 3
WASHINGTON (Reuters) – The U.S. Financial Stability Oversight Council will meet on Oct. 3, with the meeting to be presided by Treasury Secretary Janet Yellen, the Treasury Department said on Monday. “The…
U.S. dollar strength creating ‘untenable’ situation that risks financial crisis -Morgan Stanley
NEW YORK (Reuters) – The recent rally in the U.S. dollar is creating an “untenable situation” for riskier assets that could end in a financial or economic crisis, strategists at Morgan Stanley…
Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firm’s Massive Financial Losses
LOS ANGELES – A former San Gabriel Valley resident who ran Los Angeles County-based investment companies and was a frequent guest on financial television news programs was charged today in a…
Court Of Appeals Upholds Conviction And 17½-Year Sentence For East Stroudsburg Financial Planner Who Defrauded Clients
SCRANTON – The United States Attorney’s Office for the Middle District of Pennsylvania announced that on September 19, 2022, the United States Court of Appeals for the Third Circuit affirmed both the…
Former Sacramento Man Pleads Guilty to Failing to File Report of Foreign Bank and Financial Accounts
SACRAMENTO, Calif. — Virgil Sever Santa, 49, formerly of Sacramento, pleaded guilty today to failing to file a report of foreign bank and financial accounts (FBAR) with the Department of the Treasury,…
Former Sacramento Man Pleads Guilty to Failing to File Report of Foreign Bank and Financial Accounts
SACRAMENTO, Calif. — Virgil Sever Santa, 49, formerly of Sacramento, pleaded guilty today to failing to file a report of foreign bank and financial accounts (FBAR) with the Department of the Treasury,…
Ukraine receives $1.5 billion in new financial aid, says PM
KYIV (Reuters) – Ukraine’s Prime Minister Denys Shmyhal thanked the United States on Saturday for its support after Ukraine received a further $1.5 billion in international financial assistance. “The state budget of…
UK watchdog’s Woodford fund redress may derail Link-Dye & Durham $1.7 billion buyout
By Huw Jones LONDON (Reuters) -Link Fund Solutions, which managed the collapsed LF Woodford Equity Income Fund, could be forced to pay up to 306 million pounds ($358 million) in redress, Britain’s…
SEC charges VMware with misleading investors by obscuring financial performance
By Kanishka Singh WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Monday it has charged cloud computing company VMware Inc with misleading investors by obscuring its financial performance. The…
Dutch rail stoppage ends with bumper 8%-plus pay deal
AMSTERDAM (Reuters) -Dutch rail unions on Sunday reached a deal with employers to increase workers’ pay by more than 8% over 18 months, ending a wage dispute. Strikes have periodically paralysed the…
Passaic County Woman Admits Embezzling over $3.7 Million from Employer as Company’s Chief Financial Officer
NEWARK, N.J.– A Passaic County, New Jersey, woman today admitted her role in a scheme to embezzle over $3.7 million from her employer while she was the company’s chief financial officer and…
Reinsurance premiums to rise as inflation bites – ratings agencies
LONDON (Reuters) -Reinsurers are likely to raise premium rates in the next few months, given pressures from inflation, war in Ukraine, climate change and capital market volatility, ratings agency analysts said on…
Zambia not to pay euro bond due in September – Finance Minister
LUSAKA (Reuters) -Zambia will not be paying its $750 million euro bond due in September until new terms of payment are agreed between the government and bondholders, its Finance Minister Situmbeko Musokotwane…
S.Korea president: not too worried about external financial standing -News1
SEOUL (Reuters) – South Korea’s President Yoon Suk-yeol said he was not worried much about the country’s external financial soundness, News1 reported on Friday. “The trade deficit widened by a great degree…
Marketmind: Financial conditions noose tightens
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever The new month has not signalled a new dawn for financial markets, and the noose of tightening financial…
Recidivist Florida Fraudster Convicted at Trial for Financial Frauds, Aggravated Identity Theft, and Possession of Stolen Mail
MOBILE, AL – A federal jury convicted a Tampa, Florida man this week for conspiring to commit bank fraud, unlawfully possessing fake and stolen identification documents, possessing counterfeit and forged checks, aggravated…
Finland to slash electricity tax over winter, subsidise bills
By Essi Lehto and Anne Kauranen HELSINKI (Reuters) -Finland on Thursday slashed value-added tax on electricity to 10% from 24% over the winter and said it would pay more subsidies to those…
Delta Air Lines: no intention of making a financial investment in ITA Airways at this time
CHICAGO (Reuters) – Delta Air Lines Inc on Wednesday said it currently has no intention of making a financial investment in ITA Airways. The comments from a spokesperson of the Atlanta-based carrier…
Waitbusters Partners With Quikstone Capital Solutions To Offer Alternative Financial Solutions to Restaurants in Need
Atlanta, GA (PRESS RELEASE) Waitbusters, LLC announced today that they have partnered with Quikstone Capital Solutions to assist restaurants in need of financial assistance post-Covid-19. Quikstone Capital has been in business since…
Chile’s Falabella reports 51.7% decrease in Q2 net profit
SANTIAGO (Reuters) -Chilean retailer Falabella on Tuesday reported a 51.7% year-on-year drop in its second quarter net profit, hit by increased costs. The company’s profit for the quarter was 65.12 billion pesos…
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