By Valentina Za MILAN – Intesa Sanpaolo said on Wednesday that its loans to Russian and Ukrainian clients amounted to 5.1 billion euros net of guarantees from credit export agencies,…
BEIJING/SHANGHAI – China aims to boost lending to small businesses from large commercial banks by over 40% this year, Premier Li Keqiang told the annual meeting of parliament on Saturday.…
AMSTERDAM – Dutch bank ING provided an update on Friday on its exposure in Russia and Ukraine, saying that about 700 million euros ($771 million) in outstanding loans were “affected”…
LOS ANGELES – An Orange County man who fled after authorities searched his residence on Wednesday is in federal custody today after he was arrested at the U.S.-Mexico border…
BOSTON – A Hull man was sentenced today in federal court in Boston in connection with submitting fraudulent documentation in order to receive CARES Act small business loans. Shane Spierdowis,…
LONDON – Britain is ready to guarantee up to $500 million (367.62 million pounds) in loans to support Ukraine and help mitigate the economic effects of Russian aggression, the foreign…
BANGKOK – Thai banks’ non-performing loans slightly dropped to 2.98% of total lending at the end of December from 3.14% as the end of September, helped by measures to support…
Greenbelt, Maryland – A federal criminal complaint has been filed charging Jerry Phillips, age 24, of Temple Hills, Maryland, for the federal charges of wire fraud and aggravated identity theft;…
BEIJING – Enterprising Chinese college graduates will be able to borrow up to half a million yuan ($78,900) in the wealthy province of Zhejiang to start a business, and if…
By Andrea Shalal WASHINGTON – The U.S. Treasury Department on Friday rejected an appeal by 18 Democratic lawmakers who want the International Monetary Fund (IMF) to end its practice of…
DENVER – The U.S. Attorney’s Office for the District of Colorado announced that Michael Lain, 56, of Queen Creek, Arizona, was sentenced to 32 months in federal prison for his…
NEWARK, N.J. – A California man pleaded guilty today to laundering money from fraudulently obtained Small Business Association (SBA) loans and from a law firm that was the victim of…
Damian Williams, the United States Attorney for the Southern District of New York, announced today that STEPHEN M. CALK was sentenced to one year and one day of imprisonment for…
MILAN – UniCredit has only 1 billion euros ($1.1 billion) in loans under moratorium, all of which in Italy, and default rates on debt where payments were frozen due to…
SAVANNAH, GA: A former commercial loan officer at a Chatham County bank was sentenced to prison after admitting he obtained hundreds of thousands of dollars in fraudulent commercial loans using…
Tampa, Florida – United States Attorney Roger B. Handberg announces that Bridgitte Keim (52, Temple Terrace) has pleaded guilty to bank fraud. Keim faces a maximum penalty of 30 years…
SALT LAKE CITY – Allison Marie Baver, 41, of Taylorsville, has been charged with nine federal criminal counts related to making false statements on loan applications to obtain funds obtained…
Legislation sponsored by Senate Republican Leader Tom Kean that requires institutions of higher education to provide information on federal and state student loan repayment programs has been approved by the…
TRENTON, N.J. – A Pennsylvania man was sentenced today to 18 months in prison for securing a federal guarantee on certain loans by making false statements to the Small Business…
An Owasso man who fraudulently applied for Paycheck Protection Program loans guaranteed by the Small Business Administration under the Coronavirus Aid, Relief, and Economic Security (CARES) Act was convicted Thursday…
PHILADELPHIA – Acting United States Attorney Jennifer Arbittier Williams announced that Brandon Segers, 33, and Dionne Segers, 32, both of Philadelphia, PA, and their inmate accomplice, Michael Matthews, 42, of…
BOSTON – A Hull man pleaded guilty today in federal court in Boston in connection with submitting fraudulent documentation in order to receive CARES Act small business loans. Shane…
WASHINGTON – A Metropolitan Police Department (MPD) Officer was indicted today on a federal bank fraud charge stemming from a scheme involving $18,345 in…
PROVIDENCE – For the second time in one week, a defendant has been sentenced in U.S. District Court in Providence, RI, to a significant term of incarceration in federal prison…
TRENTON, NJ – The New Jersey Department of Community Affairs (DCA) commends the federal government for its total forgiveness of FEMA Community Disaster Loans (CDL) awarded to local governments and…