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Financial

Energy firms’ derivatives are financial stability risk, says ECB

November 16, 2022
Energy firms' derivatives are financial stability risk, says ecb - photo licensed by shore news network.

By John O’Donnell and Balazs Koranyi FRANKFURT (Reuters) -Energy companies’ use of derivatives poses a wider financial risk, the European Central Bank said on Wednesday, …

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Zurich Insurance sets more ambitious financial targets

November 16, 2022November 16, 2022
Zurich insurance sets more ambitious financial targets - photo licensed by shore news network.

By Carolyn Cohn and Michael Shields ZURICH/LONDON (Reuters) -Zurich Insurance Group set more ambitious financial targets for the next three years on Wednesday as insurers …

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Bahamas financial regulators appoint liquidators for FTX unit

November 15, 2022
Bahamas financial regulators appoint liquidators for ftx unit - photo licensed by shore news network.

(Reuters) – Financial regulators in the Bahamas on Monday appointed liquidators to run FTX’s unit in the country, just days after authorities said they were …

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Ohio Man Sentenced to Prison for Evading Financial Reporting Requirements

November 14, 2022
Ohio man sentenced to prison for evading financial reporting requirements - photo licensed by shore news network.

HUNTINGTON, W.Va. – Gary McComas, 27, of Chesapeake, Ohio, was sentenced today to five months in prison, to be followed by three years of supervised …

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Former Tracy Resident Pleads Guilty to Conspiracy to Defraud Financial Institutions

November 8, 2022
Former tracy resident pleads guilty to conspiracy to defraud financial institutions - photo licensed by shore news network.

SACRAMENTO, Calif. —Johnathan Ward, 44, formerly of Tracy, pleaded guilty today to conspiracy to commit wire fraud, U.S. Attorney Phillip A. Talbert announced. According to …

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Prudential Financial third-quarter profit falls as market rout hits AUM

November 1, 2022

(Reuters) – Prudential Financial Inc on Tuesday reported a fall in quarterly adjusted profit as the insurer’s assets under management (AUM) came under pressure from …

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COHEN: States Are Waking Up To The Dark Reality Behind Financial Elites’ ESG Push

October 30, 2022
Cohen: states are waking up to the dark reality behind financial elites’ esg push - photo licensed by shore news network.

COHEN: States Are Waking Up To The Dark Reality Behind Financial Elites’ ESG Push Bonner Cohen on October 30, 2022 The recent decision by officials …

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Top Russian lender Sberbank expands financial terminal capabilities

October 27, 2022
Top russian lender sberbank expands financial terminal capabilities - photo licensed by shore news network.

MOSCOW (Reuters) – Russia’s dominant lender Sberbank on Thursday said it had expanded the capabilities of its SberCIB Terminal to add services previously provided by …

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Former Chief Financial Officer Sentenced to 41 Months of Imprisonment for $2 Million Fraud

October 25, 2022
Former chief financial officer sentenced to 41 months of imprisonment for $2 million fraud - photo licensed by shore news network.

GREENSBORO – The former chief financial officer of a company in High Point, North Carolina, was sentenced today in federal court in Greensboro for wire …

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‘Unbanked’ U.S. households hit lowest level since financial crisis

October 25, 2022
'unbanked' u. S. Households hit lowest level since financial crisis - photo licensed by shore news network.

By Hannah Lang (Reuters) – The share of Americans who did not have a checking or savings account fell last year to the lowest level …

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Restaurant Industry Financial Security in Danger of Being Wiped Out by Delta Variant

October 22, 2022
Restaurant industry financial security in danger of being wiped out by delta variant - photo licensed by shore news network.

Association letter to Congressional Leadership urges adequate funds to replenish the Restaurant Revitalization Fund Washington, DC  (-)  The National Restaurant Association and its state restaurant …

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Shipley Do-Nuts Names Bob McGahan as Chief Financial Officer

October 22, 2022
Shipley do-nuts names bob mcgahan as chief financial officer - photo licensed by shore news network.

Bob mcgahan McGahan brings proven experience growing brands to the Houston-based franchise company Houston, TX  (-)  Shipley Do-Nuts, a leading do-nut restaurant franchisor and manufacturer of …

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Krystal Names New Chief Financial Officer To Support Growing System

October 22, 2022
Krystal names new chief financial officer to support growing system - photo licensed by shore news network.

David krisher David Krisher Brings Deep Restaurant Experience and Insight to New Role Atlanta, GA  (-)  The year 2021 has been a year full of …

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Restaurant Management Co. of Wichita Inc. Selects Branch to Power Cashless Tips, Faster Pay, and Fee-Free Financial Services to Workforce

October 22, 2022
Restaurant management co. Of wichita inc. Selects branch to power cashless tips, faster pay, and fee-free financial services to workforce - photo licensed by shore news network.

Pizza Hut Franchisee Saves Administrative Time, Offers New Financial Wellness Benefits Minneapolis, MN  (-)  Restaurant Management Company of Wichita Inc. (RMC), one of the largest …

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Dog Haus Fuels Nationwide Growth with Franchisee Financial Options from ApplePie Capital

October 22, 2022
Dog haus fuels nationwide growth with franchisee financial options from applepie capital - photo licensed by shore news network.

Acclaimed gourmet hot dog, sausage and burger concept to significantly increase growth and brand awareness across the country through new partnership Pasadena, CA  (-)  Dog …

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S.Korea may ease liquidity requirement rules for financial companies

October 19, 2022

SEOUL (Reuters) – South Korea may ease some of the liquidity requirement rules on financial companies as there are some signs of stress in the …

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Financial services firm TIAA faces academic backlash over energy holdings

October 19, 2022October 19, 2022
Financial services firm tiaa faces academic backlash over energy holdings - photo licensed by shore news network.

By Ross Kerber (Reuters) – Climate-minded academics called on a United Nations-backed group to sanction financial services firm TIAA unless it improves its environmental record, …

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LASSMAN: Financial Giants Are Suddenly Realizing The Left’s ESG Movement Has Serious Downsides

October 17, 2022
Lassman: financial giants are suddenly realizing the left’s esg movement has serious downsides - photo licensed by shore news network.

  LASSMAN: Financial Giants Are Suddenly Realizing The Left’s ESG Movement Has Serious Downsides Kent Lassman on October 16, 2022 Advocates for aggressive environmental, social …

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Financial Giants Are Suddenly Realizing The Left’s ESG Movement Has Serious Downsides

October 17, 2022October 16, 2022
Financial giants are suddenly realizing the left’s esg movement has serious downsides - photo licensed by shore news network.

  LASSMAN: Financial Giants Are Suddenly Realizing The Left’s ESG Movement Has Serious Downsides Kent Lassman on October 16, 2022 Advocates for aggressive environmental, social …

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Former Owner and Chief Financial Officer of Perry County Business Convicted of Wire Fraud and Money Laundering Charges

October 13, 2022
Former owner and chief financial officer of perry county business convicted of wire fraud and money laundering charges - photo licensed by shore news network.

LEXINGTON, Ky.- The owner and chief financial officer of a former business in Perry County were both convicted on Thursday, by a federal jury in …

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Bank of America CEO says U.S. consumers still in good financial health

October 12, 2022
Bank of america ceo says u. S. Consumers still in good financial health - photo licensed by shore news network.

NEW YORK (Reuters) – Bank of America Corp Chief Executive Officer Brian Moynihan said U.S. consumers are still in good financial health. “Right now, they’re …

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Factbox-From property to bonds, four financial flashpoints for the euro zone

October 12, 2022October 12, 2022
Factbox-from property to bonds, four financial flashpoints for the euro zone - photo licensed by shore news network.

By Francesco Canepa FRANKFURT (Reuters) – While a financial storm gathers nearby, the euro zone has so far been comparatively unscathed. The club of 19 …

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Former Financial Controller Sentenced to Three Years in Prison for Embezzling Over $1.8 Million From Montgomery County Multinational Technology Company

October 11, 2022
Former financial controller sentenced to three years in prison for embezzling over $1. 8 million from montgomery county multinational technology company - photo licensed by shore news network.

PHILADELPHIA – United States Attorney Jacqueline C. Romero announced that Donna Laansma, 58, of Fairless Hills, PA, was sentenced to three years in prison, three …

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Factbox-Ticking bomb: The risks the IMF sees to financial stability

October 11, 2022October 11, 2022
Factbox-ticking bomb: the risks the imf sees to financial stability - photo licensed by shore news network.

(Reuters) – The International Monetary Fund warned on Tuesday of a disorderly repricing in markets, saying global financial stability risks have increased, raising the potential …

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Russia’s financial monitoring agency adds Meta to ‘extremists’ list -agencies

October 11, 2022
Russia's financial monitoring agency adds meta to 'extremists' list -agencies - photo licensed by shore news network.

MOSCOW (Reuters) -Russia’s financial monitoring agency, Rosfinmonitoring, has added U.S. tech giant Meta Platforms Inc. to its list of “terrorists and extremists”, Russian news agencies …

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Barclays bolsters financial institutions group with new EMEA co-head

October 6, 2022
Barclays bolsters financial institutions group with new emea co-head - photo licensed by shore news network.

By Pamela Barbaglia LONDON (Reuters) – Barclays has promoted Luca Maiorana to lead its financial institutions group (FIG) across Europe, the Middle East and Africa …

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Laurel Man Pleads Guilty to Falsification of an Annual Financial Report Filed by a Labor Union

October 4, 2022
Laurel man pleads guilty to falsification of an annual financial report filed by a labor union - photo licensed by shore news network.

Gulfport, Miss.- A Laurel man pled guilty to falsification of an annual financial report filed by a labor union, announced U.S. Attorney Darren J. LaMarca …

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Local man indicted for student financial aid fraud

October 3, 2022
Local man indicted for student financial aid fraud - photo licensed by shore news network.

HOUSTON – A 39-year-old Richmond resident has been charged with fraudulently obtaining nearly $600,000 in financial aid funds at several Texas colleges and universities, announced …

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Local man indicted for student financial aid fraud

October 3, 2022
Local man indicted for student financial aid fraud - photo licensed by shore news network.

HOUSTON – A 39-year-old Richmond resident has been charged with fraudulently obtaining nearly $600,000 in financial aid funds at several Texas colleges and universities, announced …

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Credit Suisse executives reassure investors after CDS spike, Financial Times reports

October 2, 2022
Credit suisse executives reassure investors after cds spike, financial times reports - photo licensed by shore news network.

(Reuters) – Credit Suisse executives spent the weekend reassuring large clients, counterparties and investors about its liquidity and capital position, the Financial Times reported on …

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UK Economy In Shambles As Central Bank Tries To Stop A Full-Blown Financial Crisis

September 28, 2022

  UK Economy In Shambles As Central Bank Tries To Stop A Full-Blown Financial Crisis John Hugh DeMastri on September 28, 2022 Following sweeping tax …

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Former Financial Advisor Agrees to Plead Guilty to Aggravated Identity Theft

September 28, 2022
Former financial advisor agrees to plead guilty to aggravated identity theft - photo licensed by shore news network.

SACRAMENTO, Calif. — Tyler Rigsbee, 32, of Folsom, has signed a plea agreement admitting to committing aggravated identity theft, U.S. Attorney Phillip A. Talbert announced. …

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Former Financial Advisor Agrees to Plead Guilty to Aggravated Identity Theft

September 28, 2022
Former financial advisor agrees to plead guilty to aggravated identity theft - photo licensed by shore news network.

SACRAMENTO, Calif. — Tyler Rigsbee, 32, of Folsom, has signed a plea agreement admitting to committing aggravated identity theft, U.S. Attorney Phillip A. Talbert announced. …

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Roy Rogers Announces Lou Schaab as New Chief Financial Officer

September 27, 2022

Lou schaab Plamondon Companies Hires New CFO to Oversee Roy Rogers and Plamondon Hospitality Partners Frederick, MD  (PRESS RELEASE)  Roy Rogers Restaurants, the western-themed quick-service …

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U.S. Financial Stability Oversight Council to meet on Oct. 3

September 26, 2022
U. S. Financial stability oversight council to meet on oct. 3 - photo licensed by shore news network.

WASHINGTON (Reuters) – The U.S. Financial Stability Oversight Council will meet on Oct. 3, with the meeting to be presided by Treasury Secretary Janet Yellen, …

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U.S. dollar strength creating ‘untenable’ situation that risks financial crisis -Morgan Stanley

September 26, 2022September 26, 2022
U. S. Dollar strength creating 'untenable' situation that risks financial crisis -morgan stanley - photo licensed by shore news network.

NEW YORK (Reuters) – The recent rally in the U.S. dollar is creating an “untenable situation” for riskier assets that could end in a financial …

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Arcadia Man Charged with Securities Fraud for Stealing Client Funds and Concealing His Investment Firm’s Massive Financial Losses

September 21, 2022
Arcadia man charged with securities fraud for stealing client funds and concealing his investment firm’s massive financial losses - photo licensed by shore news network.

          LOS ANGELES – A former San Gabriel Valley resident who ran Los Angeles County-based investment companies and was a frequent guest on financial television …

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Court Of Appeals Upholds Conviction And 17½-Year Sentence For East Stroudsburg Financial Planner Who Defrauded Clients

September 20, 2022
Court of appeals upholds conviction and 17½-year sentence for east stroudsburg financial planner who defrauded clients - photo licensed by shore news network.

SCRANTON – The United States Attorney’s Office for the Middle District of Pennsylvania announced that on September 19, 2022, the United States Court of Appeals …

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Former Sacramento Man Pleads Guilty to Failing to File Report of Foreign Bank and Financial Accounts

September 20, 2022
Former sacramento man pleads guilty to failing to file report of foreign bank and financial accounts - photo licensed by shore news network.

SACRAMENTO, Calif. — Virgil Sever Santa, 49, formerly of Sacramento, pleaded guilty today to failing to file a report of foreign bank and financial accounts …

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Former Sacramento Man Pleads Guilty to Failing to File Report of Foreign Bank and Financial Accounts

September 20, 2022
Former sacramento man pleads guilty to failing to file report of foreign bank and financial accounts - photo licensed by shore news network.

SACRAMENTO, Calif. — Virgil Sever Santa, 49, formerly of Sacramento, pleaded guilty today to failing to file a report of foreign bank and financial accounts …

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Ukraine receives $1.5 billion in new financial aid, says PM

September 17, 2022
Ukraine receives $1. 5 billion in new financial aid, says pm - photo licensed by shore news network.

KYIV (Reuters) – Ukraine’s Prime Minister Denys Shmyhal thanked the United States on Saturday for its support after Ukraine received a further $1.5 billion in …

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UK watchdog’s Woodford fund redress may derail Link-Dye & Durham $1.7 billion buyout

September 12, 2022

By Huw Jones LONDON (Reuters) -Link Fund Solutions, which managed the collapsed LF Woodford Equity Income Fund, could be forced to pay up to 306 …

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SEC charges VMware with misleading investors by obscuring financial performance

September 12, 2022
Sec charges vmware with misleading investors by obscuring financial performance - photo licensed by shore news network.

By Kanishka Singh WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Monday it has charged cloud computing company VMware Inc with misleading …

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Dutch rail stoppage ends with bumper 8%-plus pay deal

September 11, 2022

AMSTERDAM (Reuters) -Dutch rail unions on Sunday reached a deal with employers to increase workers’ pay by more than 8% over 18 months, ending a …

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Passaic County Woman Admits Embezzling over $3.7 Million from Employer as Company’s Chief Financial Officer

September 6, 2022
Passaic county woman admits embezzling over $3. 7 million from employer as company’s chief financial officer - photo licensed by shore news network.

NEWARK, N.J.– A Passaic County, New Jersey, woman today admitted her role in a scheme to embezzle over $3.7 million from her employer while she …

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Reinsurance premiums to rise as inflation bites – ratings agencies

September 6, 2022

LONDON (Reuters) -Reinsurers are likely to raise premium rates in the next few months, given pressures from inflation, war in Ukraine, climate change and capital …

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Zambia not to pay euro bond due in September – Finance Minister

September 4, 2022

LUSAKA (Reuters) -Zambia will not be paying its $750 million euro bond due in September until new terms of payment are agreed between the government …

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S.Korea president: not too worried about external financial standing -News1

September 1, 2022
S. Korea president: not too worried about external financial standing -news1 - photo licensed by shore news network.

SEOUL (Reuters) – South Korea’s President Yoon Suk-yeol said he was not worried much about the country’s external financial soundness, News1 reported on Friday. “The …

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Marketmind: Financial conditions noose tightens

September 1, 2022
Marketmind: financial conditions noose tightens - photo licensed by shore news network.

(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever The new month has not signalled a new dawn for financial …

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Recidivist Florida Fraudster Convicted at Trial for Financial Frauds, Aggravated Identity Theft, and Possession of Stolen Mail

September 1, 2022
Recidivist florida fraudster convicted at trial for financial frauds, aggravated identity theft, and possession of stolen mail - photo licensed by shore news network.

MOBILE, AL – A federal jury convicted a Tampa, Florida man this week for conspiring to commit bank fraud, unlawfully possessing fake and stolen identification …

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