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,…
Brazil’s public debt rises 2.5% in June, interest rates keep soaring
BRASILIA -Brazil’s federal public debt grew 2.51% in June from the month before, and the average cost of domestic debt issuance kept soaring amid greater risk aversion, the Treasury said on Wednesday.…
Kuwait central bank raises key rate by 25 bps to 2.5%
(Reuters) – The Central Bank of Kuwait said on Wednesday it increased its discount rate by 25 basis points to 2.5%, after the U.S. Federal Reserve’s three quarters of a percentage point…
Justice Department, Consumer Financial Protection Bureau, and Three State Attorneys General Reach Settlements With Trident Mortgage Company To Resolve Lending Discrimination Claims
PHILADELPHIA – United States Attorney Jacqueline C. Romero announced that the Department of Justice, the Consumer Financial Protection Bureau (CFPB), and the Attorneys General of Pennsylvania, New Jersey, and Delaware announced today…
District-Based Financial Services Professional Pleads Guilty to Federal Charge of Insider Trading
WASHINGTON – George Haywood, 69, of Washington, D.C., pleaded guilty today to one count of insider trading, announced U.S. Attorney Matthew M. Graves and Wayne A.…
District-Based Financial Services Professional Pleads Guilty to Federal Charge of Insider Trading
WASHINGTON – George Haywood, 69, of Washington, D.C., pleaded guilty today to one count of insider trading, announced U.S. Attorney Matthew M. Graves and Wayne A.…
South Korea plans financial tool to head off crises
SEOUL – South Korea’s top financial regulator unveiled on Tuesday a draft plan for supporting distressed financial companies to prevent failures, rather than waiting to bail them out after they had defaulted…
China plans three-tier data strategy to avoid U.S delistings – FT
(Reuters) – China plans to sort U.S.-listed Chinese companies based on the sensitivity of the data they hold in an attempt to stop U.S. regulators from delisting hundreds of firms, the Financial…
Robert And Todd Morgan Sentenced For Financial Fraud
CONTACT: Barbara Burns PHONE: (716) 843-5817 FAX #: (716) 551-3051 ROCHESTER, N.Y.-U.S. Attorney Trini E. Ross announced today that Robert Morgan, 65, of Rochester, NY, who was convicted of conspiracy to commit wire fraud,…
In Argentina, financial risks deepen along with investor jitters
By Walter Bianchi BUENOS AIRES – Argentina’s debt sank deeper into distressed territory on Friday, in just the latest week of sour financial news led by a battered currency, highlighting growing doubts…
Kansas Cattleman Indicted for Alleged Financial Crimes
TOPEKA, KAN. – A federal grand jury in Topeka returned an indictment charging a Kansas man with one count of criminal conversion, one count of forgery of United States obligations or securities,…
China to keep real estate financial policy consistent, regulator says
BEIJING – China will keep real estate financial policies consistent and stable, the country’s banking and insurance regulator said on Thursday. An orderly property market will better meet the reasonable demand of…
Mexico says receives Canadian request for trade dispute consultation
MEXICO CITY – Canada has sent Mexico a request to initiate a dispute consultation under the United States-Mexico-Canada (USMCA) trade pact, the Mexican economy ministry said in a statement on Wednesday. (Reporting…
Trucker protests halt cargo movement at California’s No. 3 seaport
By Lisa Baertlein LOS ANGELES -Protesting truckers stopped traffic on Wednesday at a Northern California port, one of the busiest in the United States, as they demonstrated against a new state labor…
‘Misguided’: Here’s How Federal Financial Regs Unleashed Chaos For Traders Using Robinhood
‘Misguided’: Here’s How Federal Financial Regs Unleashed Chaos For Traders Using Robinhood John Hugh DeMastri on July 20, 2022 Over the past year, shares of Berkshire Hathaway have traded at historically high…
Richmond Community College Director Sentenced for Stealing Student Financial Aid Funds
RICHMOND, Va. – A Richmond woman was sentenced today to 63 months in prison for orchestrating a six-year scheme to defraud the United States Department of Education and the Commonwealth of Virginia…
Democrats’ financial advantage grows in tightest U.S. Congress races
By Jason Lange WASHINGTON – Democrats on the ballot for November’s most competitive congressional elections have a growing financial advantage over Republicans, with a few Republican campaigns showing signs they are struggling…
Uniper: In contact with banks, German govt, with eye on financial stabilisation
BERLIN – Embattled German utility Uniper said it is in close contact with its banks and the German government with the goal of ensuring the company’s financial stabilisation. (Reporting by Matthias Inverardi,…
South Korea central bank vows to strengthen monitoring of financial stability risks
SEOUL – South Korea’s central bank said on Monday it will step up monitoring of the impact of higher interest rates on the stability of the financial system. The Bank of Korea…
Privately issued but regulated digital currencies have benefits -cbank chiefs
By Alun John (Reuters) -Consumer-focused digital tokens issued by private companies could be better than central bank-issued tokens assuming the companies can be regulated appropriately, the Australian central bank governor said on…
U.S. doesn’t rule out more comprehensive trade negotiations with Kenya -official
By Andrea Shalal (Reuters) – The United States has not ruled out more comprehensive trade negotiations with Kenya after launching a strategic trade and investment partnership with the African country on Thursday,…
Emerging market fund Ashmore shares hit 13-yr low as investors pull out cash
LONDON -Shares in emerging markets investment firm Ashmore fell to a 13-year low on Thursday after it reported a much heavier-than-expected $6.6 billion exodus from its funds after a torrid few months…
Australian regulator lifts additional capital overlay on Allianz Australia
(Reuters) -Australia’s prudential regulator said on Thursday it has scrapped the additional capital requirement of A$150 million ($101.64 million) placed on the local unit of Allianz SE after finding the insurer has…
Chad creditors expected to agree phased ‘contingent’ debt relief plan
By Andrea Shalal TOKYO – Chad’s official creditors are expected to agree on Wednesday a debt restructuring strategy that includes contingencies based on oil prices and participation of private creditor Glencore, a…
Orion raises outlook after Merck deal on developing prostate cancer drug
(Reuters) -Finnish drug maker Orion on Wednesday raised its full year outlook after it signed a collaboration agreement with Merck aimed at developing a prostate cancer drug, sending its shares to two-year…
Two Financial Asset Managers Charged in Alleged $1.2 Billion Venezuelan Money Laundering Scheme
Miami, Florida – Two financial asset managers have been charged with money laundering for their alleged role in a $1.2 billion international scheme to launder funds corruptly obtained from Venezuela’s state-owned and…
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