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,…
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 $4 million and transacting in the criminal…
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 hit as investors were cautious ahead of…
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 the changes yet to be implemented and…
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 the company looks to expand beyond its…
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 its oversight of the sector. The National…
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 District Judge Greg G. Guidry to a…
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 son, received a 27-year sentence on Tuesday…
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 that help businesses manage their financial needs.…
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 inflation figures from Australia will be the…
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 Suisse showed the authority lacked sufficient “teeth.”…
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 and volatile currency and financial markets, the…
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 lender after Mitsubishi UFJ Financial Group said…
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 losses, Bundesbank Vice President Claudia Buch said…
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 activity, although authorities warned of risks to…
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 dollar financial sector as China steps up…
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 on Thursday, citing people with knowledge of…
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 Sunday as their next president, with social…
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, was arrested in New Jersey Sunday night…
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 through an investment fraud scheme. According to…
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 with several financial crimes. The charges include…
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 said on Friday, without citing the underlying…
Analysis-Some investors see Powell’s hawkish lean as response to looser financial conditions
By Davide Barbuscia and David Randall (Reuters) – A hawkish lean from Federal Reserve Chair Jerome Powell chilled a recent rebound in stocks and bonds, with some investors suggesting the central bank…
A Grim Outlook as Holiday Gift-Giving Cuts Anticipated in New Jersey Over Financial Woes
TRENTON, NJ — As the holiday season approaches, New Jersey residents face financial challenges amid rising inflation, prompting changes in traditional gift-giving practices. A survey from the personal finance website WalletHub released…
Fed’s Logan: watching if financial conditions tight enough
By Ann Saphir (Reuters) – Dallas Federal Reserve Bank President Lorie Logan on Tuesday said she supported leaving the Fed’s policy rate on hold last week to assess if financial conditions are…
Financial Woes Linked to Widespread Sleep Deprivation in New Jersey
TRENTON, NJ — A new study indicates that financial concerns significantly impact sleep for adults in New Jersey, with an estimated 1.9 million individuals reporting sleep disturbances due to money worries. The…
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