Pope Francis urged to offer financial support for abused nuns
By Alvise Armellini VATICAN CITY (Reuters) – Pope Francis needs to set up a fund for nuns who quit religious life after abuse from priests …
Financial
Email Suggests Coordination Between Dem Financial Official And Dark Money-Backed Group Pushing ‘Woke’ Investing
Email Suggests Coordination Between Dem Financial Official And Dark Money-Backed Group Pushing ‘Woke’ Investing Nick Pope on February 12, 2024 An email reviewed by the …
Factbox-US financial giants shedding jobs in 2024
(Reuters) – A handful of U.S. financial industry heavyweights are cutting jobs to sharpen focus on their core businesses and put themselves on an even …
Analysis-US bitcoin ETFs raise questions over broader financial system risks
By Elizabeth Howcroft and Hannah Lang LONDON/WASHINGTON (Reuters) – The launch of U.S. exchange-traded funds (ETFs) tracking bitcoin deepens ties between the volatile world of …
Manhattan District Attorney Addresses Financial App Thefts
MANHATTAN, NY – Manhattan District Attorney Alvin L. Bragg, Jr., has taken a proactive stance against the rising trend of financial app thefts in Manhattan …
Bounce back better: tips for financial resilience
By Chris Taylor NEW YORK (Reuters) – Despite a bullish U.S. stock market and strong economy, workers axed in mass layoffs are struggling to get …
China will step up efforts to attract foreign firms, financial regulator says
HONG KONG/BEIJING (Reuters) – China will boost efforts to attract foreign firms and will not change its stance to protect the legal rights of foreign …
City of London remains top global financial centre in own survey
By Huw Jones LONDON (Reuters) – London remains the world’s top financial centre as New York slips into second place, after tying with the UK …
Morris County Prosecutor’s Office Addresses Senior Financial Scams in Law Enforcement Webinar
MORRIS COUNTY, NJ – The Morris County Prosecutor’s Office (MCPO) recently conducted a webinar focusing on financial scams targeting seniors, as part of its CAREs …
US aims at Iran links with sanctions on Hamas financial networks, Iraqi airline
By Arshad Mohammed, Simon Lewis and Timour Azhari WASHINGTON (Reuters) -The United States imposed sanctions on Monday on Hamas-affiliated financial exchanges in Gaza, an Iraqi …
South Korea to make financial markets more attractive, regulator says
SEOUL (Reuters) – South Korea will take steps to make its financial markets more investor friendly and attractive to foreigners, the financial regulator said on …
Peru PM rules out financial support for struggling state oil firm
LIMA (Reuters) – Peru will not grant new financial support for indebted state oil firm Petroperu, Prime Minister Alberto Otarola said on Sunday, just days …
NY Fed finds lower-incomes facing more financial stress
By Michael S. Derby (Reuters) – Lower-income Americans are starting to face nascent signs of financial turbulence now that government support programs tied to the …
Kenya wins $941 million IMF loan boost, easing financial pressures
By Kanjyik Ghosh (Reuters) – The International Monetary Fund (IMF) on Wednesday approved a $941 million lending boost to Kenya, with an immediate disbursement of …
South Korea prepares financial package for stock investors, small businesses
SEOUL (Reuters) – South Korea’s government said on Wednesday it plans to implement a package of financial policies to support stock investors and small business …
PNC Financial reports drop in net income
By Nupur Anand NEW YORK (Reuters) – PNC Financial Services Group’s net interest income shrank as it took on increased charges to replenish a government …
SVB Financial plans to hand VC business to creditors
By Dietrich Knauth NEW YORK (Reuters) -The bankrupt parent company of Silicon Valley Bank plans to turn over its remaining venture capital business to a …
Intuit adds TurboTax to accounting, personal financial tools to tap more users
By Akash Sriram and Jaspreet Singh (Reuters) -Intuit said on Monday it has made its tax preparation tool, TurboTax, available within its personal finance portal …
US offers $10 million for Hamas financial information
WASHINGTON (Reuters) – The United States is offering up to $10 million for information on five Hamas financiers or anything leading to the disruption of …
Swiss financial watchdog wants to examine clawing back bankers’ bonuses
ZURICH (Reuters) – Switzerland’s financial regulator wants to discuss the ability to claw back bonuses from bankers as part of stronger powers following the fall …
Germany to seize more than $790 million from Russian financial group
By Sarah Marsh BERLIN (Reuters) – Prosecutors in Germany said on Wednesday they would move to confiscate more than 720 million euros ($790 million) from …
Turkey finds no financial abuse by firm US targeted over Hamas ties
ISTANBUL (Reuters) – Turkey said it had reviewed the financial activities of a company whose shareholders were sanctioned by the United States on the grounds …
KKR buys $7.2 billion recreational vehicle loan portfolio from BMO Financial
(Reuters) – Global investment firm KKR said on Friday funds managed by its credit business has purchased a $7.2 billion portfolio of super-prime recreational vehicle …
Financial conditions loosen further in warning shot to euphoric markets
By Naomi Rovnick LONDON (Reuters) – Feverish speculation about future interest rate cuts has further loosened global financial conditions, storing up risks for euphoric stock …
US regulators add artificial intelligence to potential financial system risks
By Pete Schroeder WASHINGTON (Reuters) -Rapid adoption of artificial intelligence (AI) could create new risks for the U.S. financial system if the technology is not …
Yellen plans to accelerate climate, financial market cooperation with China
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday mapped out her top priorities for managing U.S.-Sino relations next year, including …
Chinese Financial System Poised To Hemorrhage Even More Foreign Cash In 2024, Report Says
Chinese Financial System Poised To Hemorrhage Even More Foreign Cash In 2024, Report Says Will Kessler on December 13, 2023 Foreign investors are expected to …
At meeting, Fed must weigh if financial conditions now hindering goals
By Michael S. Derby NEW YORK (Reuters) – For a Federal Reserve that is actively weighing an end to aggressive rate hikes aimed at lowering …
Codorus Valley to merge with Orrstown Financial in all-stock deal
(Reuters) – Financial services firm Codorus Valley will merge with Orrstown Financial in an all-stock deal, creating a bank with $5.2 billion in assets. The …
West New York Financial Advisor Convicted on 11 Counts at Trial in Multimillion-Dollar Health Care Fraud Conspiracy
CAMDEN, N.J. – A West New York financial advisor was found guilty on 11 counts of defrauding public health insurance plans out of more than …
UAE markets end lower on decline in financial, industrial stocks
By Mohd Edrees (Reuters) – Stock exchanges in the United Arab Emirates closed in red on Friday, with industrial and financial stocks taking the biggest …
Post-Brexit ‘Big Bang’ reform of UK financial sector a ‘damp squib’, say lawmakers
By Huw Jones LONDON (Reuters) – Britain’s “big promises” to boost the financial sector’s post-Brexit global competitiveness have been a “damp squib”, with many of …
Airbnb creates new chief business officer role, appoints new chief financial officer
By Doyinsola Oladipo (Reuters) – Airbnb on Tuesday announced changes to its executive leadership team, including the creation of a chief business officer position as …
China regulator to speed reform of smaller financial institutions
BEIJING (Reuters) – A key Chinese financial regulator said on Sunday it would accelerate reform of small and midsize financial institutions as it steps up …
Laplace Resident Pleads Guilty to Wire Fraud for Defrauding Cares Act Financial Assistance Program
NEW ORLEANS – U.S. Attorney Duane A. Evans announced that BASHIR SCHOFIELD, age 24, a resident of LaPlace, Louisiana, pleaded guilty today before United States …
South Carolina lawyer convicted of murder gets 27 years for financial crimes
(Reuters) – Richard “Alex” Murdaugh, a disgraced former powerhouse lawyer in South Carolina already serving life in prison for the murder of his wife and …
Intuit beats first-quarter estimates on resilient demand for financial products
(Reuters) – Accounting software-maker Intuit on Tuesday beat Wall Street estimates for first-quarter profit and revenue, on resilient demand for its artificial intelligence infused products …
Marketmind: Financial conditions loosen again
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Interest rate decisions and guidance from New Zealand and Thailand, and …
UBS chairman says Swiss financial regulator needs more teeth
ZURICH (Reuters) -UBS Chairman Colm Kelleher has called for the Swiss financial industry regulator FINMA to be given more powers after the downfall of Credit …
Japan, UK discussed global inflation, volatile FX, financial markets
TOKYO (Reuters) – Top finance officials from Japan and Britain exchanged views and analysis on current global and domestic economic challenges such as elevated inflation …
Japan’s Sumitomo Mitsui Financial Group CEO dies at 65
TOKYO (Reuters) -Sumitomo Mitsui Financial Group (SMFG) on Monday said group CEO Jun Ohta died on Nov. 25 aged 65 of pancreatic cancer. Japan’s second-biggest …
Germany financial sector facing dark clouds, Bundesbank warns
FRANKFURT (Reuters) – Germany’s financial firms may be well capitalised now but face challenges ranging from rising interest expenditure and weak loan demand to unrealised …
Singapore’s Q3 GDP tops initial estimates on financial services, tourism
By Xinghui Kok SINGAPORE (Reuters) -Singapore’s economy grew faster than initial estimates in the third quarter, helped by a resurgence in tourism and service sector …
Chinese financial watchdog warns of risks as Premier Li takes helm
BEIJING (Reuters) – China’s Central Financial Commission (CFC), with Premier Li Qiang in place as its head, urged stronger supervision of risks in the multi-trillion …
US regulators push Wells Fargo to improve financial crime monitoring – WSJ
(Reuters) – U.S. regulators are pushing Wells Fargo to improve its monitoring system to detect criminal activity at the bank, the Wall Street Journal reported …
Analysis-Argentina investors brace for financial pain no matter who wins presidency
By Rodrigo Campos NEW YORK (Reuters) – Global investors expect a large amount of financial pain out of Argentina no matter who voters pick on …
CEO of San Diego Financial Firm Charged in Loan Scam
NEWS RELEASE SUMMARY – November 13, 2023 SAN DIEGO – The CEO of San Diego-based Ethos Asset Management, Inc., which offers financing to international businesses, …
U.S. Attorney for Alaska announces sentence in $26M investment fraud scheme, discusses financial crime priority
ANCHORAGE, Alaska – An Anchorage man was sentenced today to 10 years in prison for defrauding at least 177 victims of more than $26 million …
Former Special Officer Charged with Financial Crimes in Long Branch
FREEHOLD, NJ – The Monmouth County Prosecutor’s Office announced the arrest of Bruno Lopes-Ferreira, 30, a former Special Law Enforcement Officer in Long Branch, charged …
Hedge funds short US financial stocks at near record levels -Goldman Sachs
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds built bearish positions this week to the highest level in nearly five years, Goldman Sachs …