Banks (Finance)
Prosecutors allege that the couple, known for their reality TV show "Chrisley Knows Best," submitted fake documents to banks when applying for loans, hid income to evade taxes, and threatened to evict a property owner in California after refusing to pay rent. The trial is set to start
Banks (Finance)
A 51-year-old Rocklin man pleaded guilty to submitting false statements to financial institutions, causing a total loss of $530,552. Kevin Lee Co, the sole owner of Apollo HP Inc., applied for and obtained Paycheck Protection Program loans while concealing his pending criminal charges and guilty pleas. The case was
Banks (Finance)
The Bank of England's decision to hike interest rates to 1pc has come alongside the bleakest economic outlook since its independence in 1997, with only its prediction in November 2008 rivaling its current forecast. The Bank does not expect an outright recession but suggests the UK is heading
Banks (Finance)
The Bank of England's Monetary Policy Committee voted to increase interest rates from 0.75% to 1% for the fourth consecutive time, taking rates to a level not seen since 2009. This decision was made amid concerns over rocketing inflation, which is forecast to rise to over 10%
Banks (Finance)
The Hong Kong Monetary Authority (HKMA) has issued a warning to the public about fraudulent websites and mobile applications that have been reported to the authority. Bank of Singapore Limited has issued a press release alerting members of the public to these scams, which have been designed to trick people
Banks (Finance)
A 76-year-old Nevada man has been indicted on 20 counts of wire fraud, bank fraud, and aggravated identity theft for allegedly using fraudulent checks to steal millions of dollars from victims' bank accounts. Michael Zeto is accused of partnering with foreign telemarketers who provided him with the names, bank
Banks (Finance)
Chinese banks continue to hold a significant position in the Asia-Pacific banking landscape, accounting for six of the top 10 slots by assets in 2021, according to S&P Global Market Intelligence. Indian banks, however, have started to make notable inroads, with ICICI Bank entering the top 50 list
Banks (Finance)
The State Bank of India, India's largest commercial bank, raised the marginal cost of funds-based lending rates (MCLR) for the first time in three years, signaling the end of the soft rates regime that has prevailed since 2019. The bank increased the MCLR by 10 basis points (bps)
Banks (Finance)
Bank First Corporation, a Wisconsin-based bank, has filed a Form 8-K with the Securities and Exchange Commission, detailing changes in the severance terms for its Chief Executive Officer, Michael B. Molepske, and Chief Financial Officer, Kevin M. LeMahieu. The new agreements, effective as of April 12, 2022, provide enhanced severance
Banks (Finance)
The Bank of Qingdao Co., Ltd. has released a circular outlining the terms and definitions to be used in the context of its 2021 Annual General Meeting (AGM). The circular clarifies the meanings of various expressions, including those related to the Bank's shares, financial reporting, and regulatory bodies.
Banks (Finance)
HDFC Bank and Shoppers Stop have announced the launch of a new range of co-branded credit cards exclusively for 80 lakh "First Citizen" customers of the retail chain. This move comes as a response to the growing consumer spending and increasing footfalls at Shoppers Stop stores. The co-branded
Banks (Finance)
The Indian banking sector is poised for significant changes as HDFC Ltd, the country's largest private lender, and its largest shareholder, HDFC Bank, announced their plans to merge. According to regulatory filings, the merged entity will become the country's second most valuable listed company, with a
