US bank deposits, loans ticked down in latest week -Fed data
(Reuters) – Deposits at all U.S. commercial banks dropped in the second week of April, though at smaller banks deposits held steady in a sign …
Loans
China’s PBOC set to inject fresh funds via medium-term policy loans -survey
SHANGHAI (Reuters) – China’s central bank is expected to inject more liquidity when rolling over maturing medium-term policy loans for a fifth straight month on …
IMF’s Georgieva says 44 countries interested in new resilience trust loans
By David Lawder WASHINGTON (Reuters) – International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Monday that 44 countries have expressed interest in borrowing …
Italian bank loans to firms fall as demand weakens: central bank
(Reuters) – Bank loans to companies in Italy declined sharply between November and February as demand weakened and interest rates rose, the Bank of Italy …
China’s new yuan loans seen rebounding in March: Reuters poll
BEIJING (Reuters) – China’s new yuan loans are expected to rebound in March from a sharp drop in February, a Reuters poll showed, as the …
China’s green loans exceed $3.2 trln, central bank chief says
BOAO, China (Reuters) – China’s outstanding green loans currently exceed 22 trillion yuan ($3.2 trillion), accounting for about 10% of the country’s total loan balance, …
Baltimore Man Pleads Guilty to Federal Charge for Fraudulently Obtaining More Than $1.2 Million in COVID-19 CARES Act Loans
BALTIMORE, MARYLAND – On Friday, Baltimore man Alexander Barabash, 52, pleaded guilty to wire fraud in relation to submitting fraudulent Coronavirus Aid, Relief, and Economic …
First Citizens Bank to buy SVB’s deposits, loans from FDIC
(Reuters) – First Citizens Bank & Trust Co will buy all of Silicon Valley Bank’s deposits and loans from the Federal Deposit Insurance Corporation (FDIC), …
Analysis-Small U.S. banks imperiled by big office loans
By Saeed Azhar and Matt Tracy NEW YORK (Reuters) – Small U.S. lenders that have outsized exposure to office loans could become the next group …
New Jersey Businessman Sentenced to 36 Months for Fraudulently Obtaining PPP Loans
NEWARK, NJ – Rocco A. Malanga, a 39-year-old businessman from Warren County, New Jersey, has been sentenced on Wednesday to 36 months in prison for …
HSBC urges SVB UK staff to assure clients their cash, loans are safe – memo
LONDON (Reuters) – HSBC’s top bosses have called on employees at the rescued British arm of failed U.S. lender Silicon Valley Bank to assure clients …
China central bank ramps up fund injection via medium-term policy loans
SHANGHAI (Reuters) – China’s central bank ramped up liquidity injections when rolling over maturing medium-term policy loans for a fourth month in a row on …
India’s Adani prepays $2.15 billion share-backed loans
(Reuters) – Adani Group said it had completed full prepayment of margin-linked share-backed financing worth $2.15 billion as part of its debt prepayment plan, before …
Michigan’s Largest Teachers Union To Pay Up After Taking Millions In Federal Loans They Weren’t Eligible For
Michigan’s Largest Teachers Union To Pay Up After Taking Millions In Federal Loans They Weren’t Eligible For Reagan Reese on March 7, 2023 Michigan’s largest …
New Jersey governor announces zero percent loans for security upgrades at family planning centers
TRENTON, NJ – New Jersey Governor Phil Murphy has announced $5 million in state funding that will allow family planning centers and abortion clinics interest-free …
Thai banks’ bad loans slow to 2.73% of lending at December-end -central bank
BANGKOK (Reuters) – Thai banks’ non-performing loans stood at 2.73% of total lending at the end of December 2022, down from 2.77% at the end …
Texas Man Sentenced To 42 Months In Prison For Role In Scheme To Fraudulently Obtain Over $30 Million In COVID-19 Relief Loans
Damian Williams, the United States Attorney for the Southern District of New York, announced that AMOS MUNDENDI, a/k/a “Mos,” a/k/a “El Ashile Mundi,” was sentenced …
China Jan new bank loans jump more than expected to record 4.9 trln yuan
By Judy Hua and Kevin Yao BEIJING (Reuters) -New bank loans in China jumped more than expected to a record 4.9 trillion yuan ($720.21 billion) …
China’s Jan new yuan loans seen hitting record high on policy support- Reuters poll
BEIJING (Reuters) – Yuan loans extended by Chinese banks likely surged to a record high in January as the central bank moved to shore up …
U.S. lender Citizens stepping back from auto loans – CEO
By Saeed Azhar NEW YORK (Reuters) – U.S. lender Citizens Financial Group cut back on auto lending last year and plans to further reduce its …
U.S. lender Citizens stepping back from auto loans – CEO
By Saeed Azhar NEW YORK (Reuters) – U.S. lender Citizens Financial Group cut back on auto lending last year and plans to further reduce its …
East Providence Man Sentenced for Fraudulently Applying for COVID-Relief Business Loans
PROVIDENCE, R.I. – An East Providence man who submitted eight fraudulent loan applications seeking more than $375,000 in COVID-19 relief business loans guaranteed by the …
China Dec new bank loans beat forecast, 2022 lending at record high
By Judy Hua and Kevin Yao BEIJING (Reuters) -New bank lending in China unexpectedly rose in December from the previous month, central bank data showed …
Fort Stewart soldier sentenced to prison for prolific fraud scheme targeting COVID-19 relief programs, student loans
SAVANNAH, GA: A U.S. Army soldier stationed at Fort Stewart has been sentenced to federal prison for leading a prolific fraud scheme in which she …
Windsor Mill Couple Facing Federal Charges for Allegedly Obtaining and Attempting to Obtain Multiple Fraudulent COVID-19 Cares Act Loans and Fraudulent Unemployment Insurance Benefits
Baltimore, Maryland – A federal criminal complaint has been filed charging Tomeka Glenn, age 46, and Kevin Davis, age 42, both of Windsor Mill, Maryland, …
Greece repays euro zone bailout loans early for first time-source
ATHENS (Reuters) -Greece has repaid ahead of schedule 2.7 billion euros ($2.87 billion) of loans owed to euro zone countries under the first bailout it …
Businesses Still Struggling Under Biden’s Economy As Pandemic Loans Come Due
Businesses Still Struggling Under Biden’s Economy As Pandemic Loans Come Due Bronson Winslow on December 14, 2022 Millions of businesses are worried about their finances …
IMF shareholders deeply divided on whether to suspend surcharges on some loans
By Andrea Shalal WASHINGTON (Reuters) – The International Monetary Fund’s executive board on Monday discussed the surcharges it collects from mostly middle- and lower-income countries …
Goldman Sachs to stop making unsecured consumer loans – source
By Saeed Azhar NEW YORK (Reuters) – Goldman Sachs Group Inc plans to stop originating unsecured consumer loans, a source familiar with the move told …
China Nov new bank loans rise more slowly than expected
By Judy Hua and Kevin Yao BEIJING (Reuters) -New bank lending in China rebounded less than expected in November from the previous month, as the …
Some banks may struggle to pay back ECB loans, says EU watchdog
By Huw Jones LONDON (Reuters) – Some banks in the euro zone could struggle to pay back money borrowed from the European Central Bank as …
Bank of China offers loans to ease Chinese developer’s liquidity
HONG KONG (Reuters) – Bank of China, one of China’s top four state-owned banks, has offered offshore loans to cash-starved Chinese property developer Longfor Group …
Intesa Sanpaolo says repaid around 5.5 billion euros of ECB loans
MILAN (Reuters) – Italy’s Intesa Sanpaolo said on Friday it had repaid around 5.5 billion euros ($5.81 billion) in loans from the European Central Bank …
Walmart plans to offer BNPL loans through its fintech venture – report
(Reuters) – The fintech venture backed by Walmart Inc is planning to launch buy now, pay later loans as soon as next year, the Information …
Musk’s bankers mull new Tesla margin loans to slash Twitter debt – Bloomberg News
(Reuters) – Billionaire Elon Musk’s bankers are considering providing the Tesla Inc Chief Executive Officer with new margin loans backed by the U.S. automaker’s stock …
Credit Agricole stops loans for new oil fields, plans more emission cuts
By Olivier Sorgho and Virginia Furness PARIS (Reuters) – France’s biggest retail lender Credit Agricole said on Tuesday it has stopped financing new oil extraction …
Los Angeles Man Found Guilty of Stealing More Than $150,000 and Attempting to Steal Nearly $1.9 Million More in COVID Business Loans
LOS ANGELES – A downtown Los Angeles man was found guilty today by a jury of federal criminal charges for fraudulently obtaining more than …
Seventeen New York City And State Public Employees Charged With Fraudulently Obtaining Pandemic Relief Loans
Damian Williams, the United States Attorney for the Southern District of New York, Thomas M. Fattorusso, Special Agent in Charge of the New York Field …
Liberty County Man and Woman Behind My Buddy Loans Sentenced for Fraud Related to COVID Relief
TEXARKANA, Texas– A Cleveland, Texas man and woman have been sentenced to federal prison for wire fraud violations in the Eastern District of Texas, announced …
Prince George’s County Man Pleads Guilty to a Federal Wire Fraud Conspiracy to Obtain Over $750,000 in COVID-19 CARES Act Loans and Unemployment Insurance Benefits
Greenbelt, Maryland – Jaleel Phillips, age 25, of Capital Heights, Maryland, pleaded guilty today to a federal wire fraud conspiracy, in relation to a scheme …
China’s bank sector issued 2.64 trillion yuan in real estate development loans in Jan-Oct
BEIJING (Reuters) – China’s banking sector issued 2.64 trillion yuan ($369 billion) in real estate development loans and 4.84 trillion yuan in mortgage loans from …
Murrieta Man Sentenced to 5 Years in Prison for Misusing COVID-Relief Business Loans on Personal Expenses Such as Luxury Cars
LOS ANGELES – A Riverside County man was sentenced today to 60 months in federal prison for using hundreds of thousands of dollars from …
Russian firms cut forex loans, exposure in Oct -central bank
MOSCOW (Reuters) – Russian companies reduced their foreign currency loans by $7.4 billion last month and have also cut forex holdings on the accounts by …
China to provide 200 billion yuan in loans to commercial banks for housing completions
BEIJING (Reuters) – The Chinese central bank will provide 200 billion yuan ($27.92 billion) in loans to six commercial banks for housing completions, deputy central …
Catoosa Woman Sentenced for Fraudulently Applying for $1M in Loans
A Catoosa woman who defrauded banks and credit unions through a complex scheme involving falsified loan applications and lien releases was sentenced Friday in federal …
Euro zone banks to repay 296 billion euros in ECB loans
FRANKFURT (Reuters) – Euro zone banks are set to repay 296 billion euros in multi-year loans from the European Central Bank next week, the ECB …
Wells Fargo starts small-dollar loans amid overdraft scrutiny
By Lananh Nguyen NEW YORK (Reuters) – Wells Fargo & Co introduced small-dollar loans to customers online, the bank said Wednesday, as overdraft fees draw …
Riverside County Man Sentenced to 8½ Years in Prison for Stealing Over $6.6 Million in COVID-19 Loans Intended for Small Businesses
LOS ANGELES – A Corona man was sentenced today to 102 months in federal prison for fraudulently obtaining more than $6.6 million in Paycheck …
China seen leaving medium-term policy rate unchanged, fully roll over maturing loans
SHANGHAI (Reuters) – China’s central bank is likely to fully roll over maturing medium-term policy loans while keeping the borrowing cost unchanged for the third …
Bigger loans help Brazil bank Itau’s earnings outclass peers
SAO PAULO (Reuters) -Latin America’s biggest bank Itau Unibanco SA on Thursday posted a recurring net profit rise of 19%, outperforming other private Brazilian lenders …