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,…
Senate Clears Oroho Bill Bolstering Protections of our Financial System
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’
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 Wasserman Schultz of Florida accused FBI whistleblower…
EU pushes forward with post-Brexit forum for EU, UK financial regulators
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 financial regulators from Britain and the bloc…
Yellen warns US default could trigger recession, ‘break’ financial markets
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, potentially triggering a recession that destroys many…
Majority Of Women Say More Emotional, Financial Support Would Have Stopped Them From Having An Abortion
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 women who have undergone abortions would not…
BOJ’s Ueda: G7 finance chiefs to debate financial system risks
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 of Seven (G7) finance leaders will communicate…
‘A Compelling Story’: Jim Jordan Says FBI Whistleblowers May Testify ‘Publicly’ About Biden Financial Dealings
‘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 of Ohio said Wednesday that some FBI…
Jackson school district falls off ‘financial cliff’, superintendent says
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 S2 funding formula for a reduction in…
France’s financial prosecution office probing Thales – source
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 reported on a probe into a fighter…
Oklahoma Blacklists Over A Dozen Major Financial Firms For Boycotting Oil And Gas
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 no longer work with 13 financial firms…
Fed Hikes Rates To Highest Levels Since Eve Of 2008 Financial Crisis
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 funds rate by a quarter of a…
DeSantis Signs Legislation Cracking Down On ‘Woke Ideology’ In The Financial Sector
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 legislation Tuesday to combat environmental, social and…
Biden takes his re-election pitch to financial backers
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 essential to his candidacy: the wealthy. Biden,…
ProSieben to slash dividend, replaces chief financial officer
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 announced a nearly 20% drop in operating…
US Treasury’s financial crimes unit hits state-chartered trust with penalty
(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 for willfully violating a law requiring banks…
Elderly Union County Woman Found Guilty of Poisoning Husband for Financial Gain
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 Nichols, in 2018. The additional charges include…
UK financial sector will be largely cut off from EU for years, EU lawmakers told
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 the bloc, EU lawmakers were told on…
Brazil’s Oi postpones release of 2022 financial statements
SAO PAULO (Reuters) – Brazilian telecom firm Oi SA said late Friday it decided to postpone the release of its 2022 financial statements to May 22, after an expected presentation of its…
BOJ sees ‘sound and resilient’ financial system despite some jitters
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. bank failures in March, the Bank of…
Swiss government reiterates financial commitment to Credit Suisse deal
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 by parliament’s rejection of 109 billion Swiss…
Big Banks Win Big After Financial Sector’s Chaotic Start To The Year
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 positive earnings despite bank turmoil during the…
BIS head warns of threats to financial stability, rates need to stay higher
By Marc Jones LONDON (Reuters) – The head of the Bank of International Settlements has warned that years of fighting economic crises have created conditions that are pushing the limits of stability…
PNC Financial beats profit estimates on boost from higher interest rates
(Reuters) – PNC Financial Services Group reported an 18.5% rise in first-quarter profit on Friday, as the Federal Reserve’s rate hikes fueled a surge in the U.S. regional lender’s net interest income…
Hedge funds bought financial stocks amid banking turmoil, says S&P
By Carolina Mandl NEW YORK (Reuters) – Hedge funds increased their exposure to stocks in the financial sector amid the banking turmoil in March, as they saw a buying opportunity at lower…
G20 financial watchdog seeks to learn from latest banking turmoil
By Huw Jones LONDON (Reuters) – The G20’s financial watchdog on Wednesday said rules it introduced after the global financial crisis had prevented contagion from the latest banking sector turmoil, but it…
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