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Financial

Capital One Financial beats profit estimates on higher interest income

July 20, 2023July 20, 2023
Capital one financial beats profit estimates on higher interest income - photo licensed by shore news network.

(Reuters) – Consumer lender Capital One Financial reported a second-quarter profit on Thursday that beat analysts’ estimates, helped by higher income from borrowers following a …

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Reliance spin-off Jio Financial valued at $20 billion, above estimates

July 20, 2023July 20, 2023
Reliance spin-off jio financial valued at $20 billion, above estimates - photo licensed by shore news network.

By Chris Thomas and Sethuraman N R BENGALURU (Reuters) -Jio Financial Services (JFS) has been valued at around $20 billion after its stock price was …

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S.Korea financial watchdog gathers securities firms to manage real estate risks

July 19, 2023July 19, 2023
S. Korea financial watchdog gathers securities firms to manage real estate risks - photo licensed by shore news network.

SEOUL (Reuters) – South Korea’s financial market watchdog gathered local securities firms on Thursday to assess real estate-related risks and urged for thorough and preemptive …

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Discover Financial shares sink after profit miss, buyback pause

July 19, 2023July 19, 2023
Discover financial shares sink after profit miss, buyback pause - photo licensed by shore news network.

By Sinéad Carew (Reuters) – Shares in Discover Financial Services tumbled more than 13% in after-hours trading on Wednesday after its quarterly earnings fell short …

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Citizens Financial beats second-quarter profit estimates on interest income boost

July 19, 2023

(Reuters) – Citizens Financial Group reported a second-quarter profit that beat Wall Street estimates as lenders’ net interest income rose in a high-interest-rate environment. The …

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S.Korea central bank warns of financial stability risk as debts rise

July 16, 2023July 16, 2023
S. Korea central bank warns of financial stability risk as debts rise - photo licensed by shore news network.

SEOUL (Reuters) – South Korea’s central bank said on Monday there was a need to manage financial stability in addition to price risks as the …

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Here Are Where The 2024 GOP Hopefuls Stand Amid Major Financial Deadline

July 15, 2023

Here Are Where The 2024 GOP Hopefuls Stand Amid Major Financial Deadline Mary Lou Masters on July 15, 2023 The second quarter fundraising reporting deadline …

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Guttenberg Woman Faces Charges Over Financial Fraud Scheme

July 14, 2023
Guttenberg woman faces charges over financial fraud scheme - photo licensed by shore news network.

HUDSON COUNTY, NJ – Hudson County Prosecutor’s Office Special Investigations Unit apprehended Anmerlene Demetroudis, a 59-year-old Guttenberg woman, on Wednesday. The arrest came in the …

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Top US sanctions architect to lead Treasury’s financial crimes team -Yellen

July 13, 2023
Top us sanctions architect to lead treasury's financial crimes team -yellen - photo licensed by shore news network.

WASHINGTON (Reuters) – Andrea Gacki, a veteran U.S. Treasury official who helped design Washington’s Russia sanctions strategy, has been appointed director of the department’s Financial …

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Faraday Future interim CFO resigns, firm to restate certain financial reports

July 11, 2023July 11, 2023
Faraday future interim cfo resigns, firm to restate certain financial reports - photo licensed by shore news network.

(Reuters) – Faraday Future Intelligent Electric said on Tuesday its interim finance chief has resigned and the company will restate its financial statements for 2022 …

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China central bank extends policies for financial support of real estate market

July 10, 2023July 10, 2023
China central bank extends policies for financial support of real estate market - photo licensed by shore news network.

BEIJING (Reuters) – China’s central bank on Monday extended until the end of 2024 some policies in a November rescue package to shore up the …

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Former US Army financial counselor charged with defrauding Gold Star families

July 7, 2023July 7, 2023
Former us army financial counselor charged with defrauding gold star families - photo licensed by shore news network.

By Jonathan Stempel (Reuters) – A former U.S. Army financial counselor from New Jersey was criminally charged on Friday with defrauding grieving military families out …

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Hedge fund Verition joins rush to Dubai financial hub

July 6, 2023
Hedge fund verition joins rush to dubai financial hub - photo licensed by shore news network.

By Hadeel Al Sayegh DUBAI (Reuters) – U.S.-based Verition Fund Management is opening an office in Dubai, joining a raft of other hedge funds including …

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Canada’s financial watchdog releases guidelines to give mortgage holders tailored support

July 5, 2023
Canada's financial watchdog releases guidelines to give mortgage holders tailored support - photo licensed by shore news network.

(Reuters) – Canada’s financial watchdog on Wednesday released new guidelines for lenders aimed at protecting mortgage holders facing high borrowing costs or who are at …

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China’s choice of PBOC party chief signals financial stability worries

July 4, 2023
China's choice of pboc party chief signals financial stability worries - photo licensed by shore news network.

By Kevin Yao BEIJING (Reuters) – China’s appointment of financial technocrat Pan Gongsheng to a top political post at the central bank points to growing …

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Fed paper: Financial conditions tightest since crisis over a decade ago

June 30, 2023June 30, 2023
Fed paper: financial conditions tightest since crisis over a decade ago - photo licensed by shore news network.

By Michael S. Derby (Reuters) – The financial sector is taking the biggest bite out of U.S. economic activity since the nation was mired in …

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SVB Financial nears approval to sell its investment banking business

June 29, 2023June 29, 2023
Svb financial nears approval to sell its investment banking business - photo licensed by shore news network.

By Dietrich Knauth NEW YORK (Reuters) – A U.S. bankruptcy judge said Thursday that he would allow SVB Financial Group to sell its investment banking …

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Europe’s financial stability risk remains ‘severe’ -EU watchdog

June 29, 2023June 29, 2023
Europe's financial stability risk remains 'severe' -eu watchdog - photo licensed by shore news network.

(Reuters) – Financial stability risk in the European Union remains at a “severe” level and the downturn in the housing market could become even more …

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Oroho Bill that Would Increase Financial Transparency Clears Senate

June 27, 2023
New Jerseyans may soon have access to a user-friendly report that summarizes the contents of the NJ Annual Financial Report thanks to legislation sponsored by Sen. Steven Oroho and approved today by the NJ Senate.

Two Men Arrested in Bridgewater for Financial Fraud

June 24, 2023
Handcuffs used during police arrest.

BRIDGEWATER, N.J. – On Wednesday, June 14, Sanders J. Mishkin and Ronald Cusano, both 65 and from Lambertville, New Jersey, were arrested by the Somerset …

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Tunisia tells IMF conditions for financial support risk unrest

June 22, 2023
Tunisia tells imf conditions for financial support risk unrest - photo licensed by shore news network.

(Reuters) – Tunisia’s President Kais Saied told the International Monetary Fund’s managing director that the fund’s conditions to provide financial support to the North African …

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Canada financial regulator lifts stability buffer for big six banks

June 20, 2023June 20, 2023
Canada financial regulator lifts stability buffer for big six banks - photo licensed by shore news network.

By Nivedita Balu and David Ljunggren TORONTO (Reuters) -Canada’s financial regulator on Tuesday said it was raising the amount of capital the country’s biggest lenders …

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JPMorgan invests in financial technology provider Cleareye.ai

June 20, 2023June 20, 2023
Jpmorgan invests in financial technology provider cleareye. Ai - photo licensed by shore news network.

LONDON(Reuters) – JPMorgan has made a strategic investment in Cleareye.ai, a financial technology firm focused on trade finance, the companies said on Tuesday. The parties, …

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Most G20 nations see banking system sound as bloc talks financial stability – official

June 14, 2023June 14, 2023
Most g20 nations see banking system sound as bloc talks financial stability - official - photo licensed by shore news network.

NEW DELHI (Reuters) – Most G20 member nations are of the view that banking systems and regulations in their countries are steady, India’s chief economic …

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Alberta Premier Smith starts new term, vows financial relief, Trudeau pushback

June 9, 2023
Alberta premier smith starts new term, vows financial relief, trudeau pushback - photo licensed by shore news network.

OTTAWA (Reuters) – Danielle Smith swore in as the premier of Canada’s main oil-producing province on Friday, promising financial support measures, tax cuts and a …

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Financial Markets Brace For America’s New Trillion Dollar Debt Binge

June 7, 2023

Financial Markets Brace For America’s New Trillion Dollar Debt Binge Will Kessler on June 7, 2023 U.S. financial markets are bracing for an influx of …

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Citizens Financial Group not looking to do many acquisitions, says CEO

June 2, 2023

(Reuters) – Citizens Financial Group Inc is not looking to do many acquisitions in the near term, the bank’s Chief Executive Bruce Van Saun said …

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EU doubles financial aid to Moldova to 295 million euros

May 30, 2023
Eu doubles financial aid to moldova to 295 million euros - photo licensed by shore news network.

BRUSSELS (Reuters) – European Union governments decided on Tuesday to nearly double the amount of EU financial support to Moldova to a total of 295 …

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Analysis-EU power battle risks denting planned safeguards for financial products

May 24, 2023
Analysis-eu power battle risks denting planned safeguards for financial products - photo licensed by shore news network.

By Huw Jones LONDON (Reuters) – European Union plans to increase protections for consumers of financial services are reigniting a long-simmering power battle between national …

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Senate Clears Oroho Bill Bolstering Protections of our Financial System

May 23, 2023
Sen. Steve Oroho’s legislation that would increase financial safeguards for state domiciled insurance companies was passed by the New Jersey Senate.

Dem Rep Accuses FBI Whistleblower Of Using Weaponization Hearing To Promote His New Book: ‘Financial Exploitation’

May 18, 2023

Dem Rep Accuses FBI Whistleblower Of Using Weaponization Hearing To Promote His New Book: ‘Financial Exploitation’ Harold Hutchison on May 18, 2023 Democratic Rep. Debbie …

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EU pushes forward with post-Brexit forum for EU, UK financial regulators

May 17, 2023
Eu pushes forward with post-brexit forum for eu, uk financial regulators - photo licensed by shore news network.

By Huw Jones LONDON (Reuters) -The European Union’s executive body said on Wednesday it has formally adopted a draft memorandum of understanding (MoU) to allow …

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Yellen warns US default could trigger recession, ‘break’ financial markets

May 16, 2023
Yellen warns us default could trigger recession, 'break' financial markets - photo licensed by shore news network.

WASHINGTON (Reuters) – Treasury Secretary Janet Yellen on Tuesday warned that a U.S. default on government debt would leave millions of Americans without income payments, …

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Majority Of Women Say More Emotional, Financial Support Would Have Stopped Them From Having An Abortion

May 15, 2023

Majority Of Women Say More Emotional, Financial Support Would Have Stopped Them From Having An Abortion Kate Anderson on May 15, 2023 A majority of …

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BOJ’s Ueda: G7 finance chiefs to debate financial system risks

May 11, 2023
Boj's ueda: g7 finance chiefs to debate financial system risks - photo licensed by shore news network.

By Leika Kihara NIIGATA, Japan (Reuters) – Calm has returned to the global financial system after the recent failure of several U.S. banks, but Group …

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‘A Compelling Story’: Jim Jordan Says FBI Whistleblowers May Testify ‘Publicly’ About Biden Financial Dealings

May 10, 2023

‘A Compelling Story’: Jim Jordan Says FBI Whistleblowers May Testify ‘Publicly’ About Biden Financial Dealings Harold Hutchison on May 10, 2023 Republican Rep. Jim Jordan …

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Jackson school district falls off ‘financial cliff’, superintendent says

May 9, 2023
Jackson school district falls off 'financial cliff', superintendent says - photo licensed by shore news network.

JACKSON, NJ – The Jackson School District is over $12 million short on its 2023-24 budget and is blaming Governor Phil Murphy and his new …

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France’s financial prosecution office probing Thales – source

May 5, 2023
France's financial prosecution office probing thales - source - photo licensed by shore news network.

PARIS (Reuters) – France’s financial prosecution office is investigating arms maker Thales, a source close to the matter told Reuters, after a radio station earlier …

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Oklahoma Blacklists Over A Dozen Major Financial Firms For Boycotting Oil And Gas

May 3, 2023

Oklahoma Blacklists Over A Dozen Major Financial Firms For Boycotting Oil And Gas John Hugh DeMastri on May 3, 2023 The state of Oklahoma will …

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Fed Hikes Rates To Highest Levels Since Eve Of 2008 Financial Crisis

May 3, 2023

Fed Hikes Rates To Highest Levels Since Eve Of 2008 Financial Crisis Jason Cohen on May 3, 2023 The Federal Reserve hiked its benchmark federal …

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DeSantis Signs Legislation Cracking Down On ‘Woke Ideology’ In The Financial Sector

May 2, 2023May 2, 2023

DeSantis Signs Legislation Cracking Down On ‘Woke Ideology’ In The Financial Sector Mary Lou Masters on May 2, 2023 Republican Florida Gov. Ron DeSantis signed …

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Biden takes his re-election pitch to financial backers

April 28, 2023
Biden takes his re-election pitch to financial backers - photo licensed by shore news network.

By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden made his pitch for re-election on Friday night to a small group that may prove …

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ProSieben to slash dividend, replaces chief financial officer

April 27, 2023
Prosieben to slash dividend, replaces chief financial officer - photo licensed by shore news network.

BERLIN (Reuters) – German media group ProSiebenSat.1 said on Thursday it was replacing its chief financial officer and proposing slashing this year’s dividend as it …

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US Treasury’s financial crimes unit hits state-chartered trust with penalty

April 26, 2023
Us treasury's financial crimes unit hits state-chartered trust with penalty - photo licensed by shore news network.

(Reuters) – The U.S. Treasury Department’s Financial Crimes Enforcement Network on Wednesday hit a South Dakota-chartered Kingdom Trust Company with a $1.5 million civil penalty …

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Elderly Union County Woman Found Guilty of Poisoning Husband for Financial Gain

April 26, 2023
Elderly union county woman found guilty of poisoning husband for financial gain - photo licensed by shore news network.

UNION COUNTY, PA – A Union County jury found 78-year-old Myrle Miller guilty of first-degree murder and five other felonies for poisoning her husband, John …

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UK financial sector will be largely cut off from EU for years, EU lawmakers told

April 25, 2023
Uk financial sector will be largely cut off from eu for years, eu lawmakers told - photo licensed by shore news network.

By Huw Jones LONDON (Reuters) – The long-delayed forum for European Union and British financial regulators won’t reopen the door for London’s financial centre to …

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Brazil’s Oi postpones release of 2022 financial statements

April 22, 2023

SAO PAULO (Reuters) – Brazilian telecom firm Oi SA said late Friday it decided to postpone the release of its 2022 financial statements to May …

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BOJ sees ‘sound and resilient’ financial system despite some jitters

April 21, 2023
Boj sees 'sound and resilient' financial system despite some jitters - photo licensed by shore news network.

By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s financial system has remained “sound and resilient” despite heightened financial sector jitters in the West stemming from U.S. …

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Swiss government reiterates financial commitment to Credit Suisse deal

April 19, 2023
Swiss government reiterates financial commitment to credit suisse deal - photo licensed by shore news network.

ZURICH (Reuters) -The Swiss government said commitments to the Swiss National Bank and UBS to ease the takeover of Credit Suisse will not be affected …

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Big Banks Win Big After Financial Sector’s Chaotic Start To The Year

April 18, 2023
Big banks win big after financial sector’s chaotic start to the year - photo licensed by shore news network.

Big Banks Win Big After Financial Sector’s Chaotic Start To The Year Jason Cohen on April 17, 2023 Some of the largest financial institutions posted …

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