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,…
GOP Concerned Over Financial Fall Out in Murphy’s Failed Wind Energy Projects
TRENTON, NJ – Assembly Republicans are calling on Governor Phil Murphy to disclose the amount of taxpayer money spent on now-defunct offshore wind projects by Danish company Orsted. The demand comes in…
Ameriprise Financial profit rises as AUM, client assets climb
(Reuters) – Financial adviser Ameriprise Financial on Wednesday reported a jump in third-quarter adjusted profit, helped by higher client assets and a boost in its assets under management. Total client assets rose…
US ‘frankly raised’ disagreements with China at first financial working group meeting
(Reuters) – U.S. officials “frankly raised areas of disagreement” with China at the first meeting of a new financial working group, where financial stability, supervision and regulation were discussed, the U.S. Treasury…
Goldman names Kamo as global head of dealmaking for financial sponsors
By David French (Reuters) – Goldman Sachs Group Inc has appointed David Kamo as its global head of financial sponsor mergers and acquisitions within its investment bank, according to a memo seen…
Inflation, commercial real estate among top financial stability concerns -Fed survey
By Pete Schroeder WASHINGTON (Reuters) -The chance for persistent inflation to keep interest rates higher and potential losses in the commercial real estate market are among the top concerns of respondents to…
Disney to break out sports revenue in financial reports
(Reuters) – Walt Disney will break out its sports programming revenue from the fourth quarter onwards following a restructuring of the company announced earlier this year, the media firm said on Wednesday.…
Anti-Semitic Incident in Newark Raises Call for Financial Transparency in New Jersey
NEWARK, NJ – After a Newark event featuring speakers identified as anti-Semitic by the Anti-Defamation League, Assemblywoman Aura Dunn is advocating for greater budget transparency in New Jersey. The event, funded as…
NZ’s Auckland Airport financial chief resigns
(Reuters) – New Zealand’s Auckland International Airport said on Friday Chief Financial Officer Phil Neutze had resigned, after over a decade-long stint with the country’s biggest airport operator. AIA said Neutze, who…
Wells Fargo rolls out financial planning tool to almost 70 million customers
By Nupur Anand NEW YORK (Reuters) – Wells Fargo will expand access to a financial planning tool to its nearly 70 million customers after initially offering it to wealth clients earlier this…
Industries That Once Powered New Jersey’s Financial Growth Are Now Relics of the Past
New Jersey, often called the “Garden State,” has a rich industrial history that has undergone significant transformations over the years. While the state is known for its thriving pharmaceutical, telecommunications, and other…
Phil Murphy’s Clean Energy Agenda Gets Major Financial Boost from Federal Tax Dollars
TRENTON, NJ – New Jersey Governor Phil Murphy is aiming for a carbon-free electrical grid and a total ban on the sale of gasoline-powered consumer vehicles by 2035 and he’s getting a…
Clorox shares touch more than 5-year low on financial hit from cyber attack
(Reuters) – Shares in Clorox were down 8.1% on Thursday, after hitting their lowest level since May 2018, after the cleaning supplies company’s warned that an August cyber attack would push it…
Supreme Court To Hear Case That Could Be The Undoing Of Major Financial Regulator
Supreme Court To Hear Case That Could Be The Undoing Of Major Financial Regulator Katelynn Richardson on October 2, 2023 The Supreme Court will hear oral arguments Tuesday on the constitutionality of…
Ally Financial to lay off nearly 5% of staff
(Reuters) – Ally Financial said on Monday job cuts in various divisions of the digital banking firm will affect nearly 5% of its workforce. Spooked by a turbulent economy, several banks have…
Discover Financial jumps 7% after agreeing with FDIC to improve consumer compliance
(Reuters) – Shares of Discover Financial Services climbed 7% on Monday after the bank agreed to improve its consumer compliance and related corporate governance as part of a consent order with the…
New York remains top financial centre, London clings to second place – survey
LONDON (Reuters) – New York has easily remained the world’s top financial centre with London still second and gaining some ground, but also facing a tougher fight with Singapore and Hong Kong,…
US retailers’ financial losses jump as retail crime escalates – NRF
(Reuters) – Organized crime rings in New York, San Francisco, Los Angeles and Houston are targeting retail inventories, causing more financial loss, according to a report by the National Retail Federation (NRF),…
South Korea to allow foreign financial firms to trade won onshore
SEOUL (Reuters) – South Korea said on Tuesday it will begin accepting applications starting Oct. 18 from foreign financial institutions for permits to participate in the onshore dollar-won interbank market. The finance…
US Treasury launches US-China economic, financial working groups
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury Department on Friday said it was formally launching two new U.S.-China working groups on economic and financial issues aimed at providing a regular…
Britain must not damage financial sector resilience, says BoE’s Woods
By Huw Jones LONDON (Reuters) – Easing rules to boost the post-Brexit global competitiveness of Britain’s financial sector can only be done while maintaining a resilient financial system, Bank of England Deputy…
Schenectady Police Warn of Officer Impersonation Scam for Financial Fraud
SCHENECTADY, NY – The Schenectady Police Department has issued a warning about a scam involving individuals impersonating police officers to defraud money. The scam has occurred through both phone calls and emails,…
SVB Financial nears deal to sell VC arm, Scaramucci leading bidder – WSJ
(Reuters) – SVB Financial Group is closing in on an agreement to sell its venture-capital and credit investment business SVB Capital in order to avoid bankruptcy, the Wall Street Journal reported on…
Sri Lanka’s economy shrank 3.1% in Q2 amid financial crisis
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka’s economy shrank 3.1% in the April-June quarter, official data showed on Friday, as the country struggles to claw out of its worst financial crisis in…
US CFTC official pushes for national financial fraud database
By Chris Prentice NEW YORK (Reuters) – A top U.S. regulator on Monday proposed the creation of a federal registry to make it easier for investors and law enforcement to dig up…
NY Fed poll finds mostly stable inflation views, more financial worries in August
By Michael S. Derby (Reuters) – Americans’ overall views on inflation were little changed in August, even as they predicted rising price increases for things like rent, homes and food, while downgrading…
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