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,…
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 and nationwide. In his latest move, DA…
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 back on their feet. Recent cuts include…
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 companies, the nation’s top financial regulator said.…
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 capital last year, the City of London…
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 (Crimes Against Retired & Elderly) program. This…
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 airline and backers of Iranian-linked militias in…
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 Monday. The comments by vice chairman of…
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 after the firm said it needed funds…
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 coronavirus pandemic have wound down, but any…
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 $624.5 million, offering some relief to the…
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 owners squeezed by high interest rates. The…
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 deposit insurance fund as well as workforce…
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 new, creditor-backed company while it continues to…
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 and accounting software to tap a wider…
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 the Palestinian militant group’s financial mechanisms, the…
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 of Credit Suisse and sale to UBS.…
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 the Frankfurt bank account of a Russian…
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 of providing aid to Hamas and found…
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 (RV) loans from BMO Bank National Association,…
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 and bond markets if central banks view…
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 properly supervised, a panel of regulators warned…
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 a planned second visit to China and…
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 pull $65 billion in capital out of…
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 inflation, easing financial conditions over recent weeks,…
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 banks said on Tuesday their boards had…
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