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,…
Citizens Financial beats second-quarter profit estimates on interest income boost
(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 upbeat results follow a tumultuous first quarter…
S.Korea central bank warns of financial stability risk as debts rise
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 country’s high household debts have started to…
Here Are Where The 2024 GOP Hopefuls Stand Amid Major Financial Deadline
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 is Saturday, and 2024 GOP presidential candidates’…
Guttenberg Woman Faces Charges Over Financial Fraud Scheme
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 wake of an investigation into Demetroudis’s failure…
Top US sanctions architect to lead Treasury’s financial crimes team -Yellen
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 Crimes Enforcement Network (FinCEN), Treasury Secretary Janet…
Faraday Future interim CFO resigns, firm to restate certain financial reports
(Reuters) – Faraday Future Intelligent Electric said on Tuesday its interim finance chief has resigned and the company will restate its financial statements for 2022 and the quarter ended March 2023 after…
China central bank extends policies for financial support of real estate market
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 real estate sector, with current supports for…
Former US Army financial counselor charged with defrauding Gold Star families
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 of life insurance payments, causing millions of…
Hedge fund Verition joins rush to Dubai financial hub
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 BlueCrest which have expanded to the Gulf…
Canada’s financial watchdog releases guidelines to give mortgage holders tailored support
(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 the risk of defaulting. The Financial Consumer…
China’s choice of PBOC party chief signals financial stability worries
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 concerns within the country’s leadership over systemic…
Fed paper: Financial conditions tightest since crisis over a decade ago
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 the financial crisis over a decade and…
SVB Financial nears approval to sell its investment banking business
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 division, once the company has ensured that…
Europe’s financial stability risk remains ‘severe’ -EU watchdog
(Reuters) – Financial stability risk in the European Union remains at a “severe” level and the downturn in the housing market could become even more broad-based, the bloc’s financial risk watchdog said…
Oroho Bill that Would Increase Financial Transparency Clears Senate
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…
Two Men Arrested in Bridgewater for Financial Fraud
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 County Prosecutor’s Office Special Investigations Unit. The…
Tunisia tells IMF conditions for financial support risk unrest
(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 country risks sparking civil unrest, the Tunisian…
Canada financial regulator lifts stability buffer for big six banks
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 must hold as a stability buffer by…
JPMorgan invests in financial technology provider Cleareye.ai
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, which entered into a commercial partnership last…
Most G20 nations see banking system sound as bloc talks financial stability – official
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 advisor said on Wednesday. “Most country members…
Alberta Premier Smith starts new term, vows financial relief, Trudeau pushback
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 pledge to push back against federal climate…
Financial Markets Brace For America’s New Trillion Dollar Debt Binge
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 more than $1 trillion in new Treasury…
Citizens Financial Group not looking to do many acquisitions, says CEO
(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 at a conference on Friday, adding that…
EU doubles financial aid to Moldova to 295 million euros
BRUSSELS (Reuters) – European Union governments decided on Tuesday to nearly double the amount of EU financial support to Moldova to a total of 295 million euros ($324.74 million), the Swedish presidency…
Analysis-EU power battle risks denting planned safeguards for financial products
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 and EU regulators that could hamper how…
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