New Jersey Banks – Sun National Bank Center Fri, 11 Jun 2021 22:43:19 +0000 en-US hourly 1 New Jersey Banks – Sun National Bank Center 32 32 Former Lloyds boss knighted after spilling bank fortunes Fri, 11 Jun 2021 21:35:34 +0000

The former Lloyds Banking Group boss who brought the credit giant back to private ownership after his financial crisis bailout has been given a knight on the Queen’s Birthday Honors List.

Antonio Horta-Osorio is recognized for his services to the financial sector, as well as his volunteer work for mental health and culture.

The Portuguese banker, who left Lloyds in April to join Swiss giant Credit Suisse as new chairman, has received widespread praise for his handling of Lloyds, from near collapse to poor health.

Annual dinner for bankers and traders
Former Bank of England Governor Lord Mervyn King praised Mr Horta-Osorio for relaunching Lloyds (Lewis Whyld / PA)

When Mr Horta-Osorio took over at Lloyds in early 2011 after leading the UK branch of Santander, the bank was on its knees after its £ 20.3 billion taxpayer bailout at the height of the crisis financial following the unsuccessful rescue of its rival HBOS. .

He also had to deal with the payment protection insurance (PPI) sell-off scandal, which ended up costing Lloyds £ 22 billion.

But during his decade at the helm, he helped the government unwind its stake in Lloyds during the financial crisis, while returning the group to healthy earnings growth.

The 57-year-old Lisbon-born man, who has British nationality, withdrew from Lloyds in April with a profit of £ 2.1 billion in the first quarter.

It came after a 72% drop in profits in 2020 after investing huge sums for loans that could turn sour during the pandemic, but first quarter figures showed the bank is already recovering from the crisis.

Once Britain’s highest paid banking boss, Mr Horta-Osorio has also been knighted for his work highlighting mental health issues.

He became a mental health advocate in the workplace after suffering stress exhaustion himself just six months after holding the most senior position at Lloyds, which saw him sent to the Priory to recuperate and take several months off.

He said on leaving Lloyds last month that “these were very difficult times” but returned with renewed vigor to turn the tide of the bank and said one of the biggest highlights of his tenure was when the Treasury sold its last stake in the bank in 2017.

Under his leadership, Lloyds now supports the charity Mental Health UK, while ensuring that help is available for staff suffering from stress and anxiety.

Source link

]]> 0
NJ blood donations desperately needed after COVID restrictions lifted Fri, 11 Jun 2021 09:02:50 +0000

TOWNHOLD FREEHOLD – Alicia Scardigno almost died during childbirth in 2006. But because she received blood transfusions, she survived.

“If someone didn’t donate, I wouldn’t be here today,” Scardigno said.

Due to his experience, Scardigno wanted to donate blood. But she was nervous about returning to donate blood during the COVID-19 pandemic. After the restrictions were lifted and after receiving numerous urgent emails from New Jersey blood services announcing their low supply, Scardigno decided to donate blood again, doing so on Thursday at the Freehold Raceway Mall.

Alicia Scardigno donates blood to a New Jersey Blood Services pop-up.

In a normal year, blood banks would expect a summer crisis and stock up on blood donations in the spring. But the past year has been anything but normal.

How we got here: Blood donations continue to decline as COVID-19 cases rise and hospitals increase demand

On Wednesday, the New Jersey Blood Services division of the New York Blood Center announced a blood emergency. They had a three day supply.

Source link

]]> 0
Smith: a free Russian family imprisoned in Guatemala Thu, 10 Jun 2021 15:44:23 +0000

Representative Chris Smith (R-Hamilton) called on the Guatemalan government to release a Russian family on Thursday who fled to South America to escape political persecution by Russian Federation President Vladimir Putin.

Irina and Igor Bitkov, along with their daughter fled to Guatemala in 2009 after two Russian banks, including one mainly owned by the Federation government, attempted to take over a stationery business they owned and afterwards that their daughter was allegedly kidnapped and raped in St Petersburg.

The banks pushed the Guatemalan government to sue the family in 2014, and the Bitkovs were accused of allegedly obtaining fraudulent passports.

“It’s shocking,” Smith said. “For fleeing Russia and using false travel documents to survive, Igor was sentenced to 19 years in prison and has already been in jail for three and a half years. Irina and Anastasia were both sentenced to 14 years each and have already served a year and a half in prison – another blatantly unfair and unfair sentence that was upheld by a Guatemalan appeals court last July.

Irina Bitkov, who is currently being held in her home under house arrest, testified before a hearing at the US Congressional Human Rights Commission on Wednesday, urging outside powers to intercede.

“We came to Guatemala hoping to survive, but the Kremlin caught up with us and used its influence to encourage prosecutors, judges and even Guatemalan magistrates to build a case against me and my family,” he said. she declared. “They not only imprisoned and tortured us, but put our 3-year-old son Vladimir in an orphanage.”

The family’s arrest caught the attention of the United Nations International Commission against Impunity in Guatemala (CICIG), a multinational effort to stem corruption in the South American country.

Smith and others said Russian banks worked with CICIG to arrest the family.

“The Bitkovs should have been granted political asylum in Guatemala, not unfairly imprisoned,” Smith said. “Free the Bitkovs now and investigate the corrupt officials of the late CICIG.”

Source link

]]> 0
Where does New York City mayoral candidate Eric Adams live and what’s going on with his fridge? Wed, 09 Jun 2021 22:00:22 +0000

New York mayoral candidate Eric Adams invited the press to a residence in Bed-Stuy on Wednesday to try to prove the Brooklyn apartment was his, after a Politics article suggested he could reside part-time in Fort Lee, New Jersey, The New York Times reported. But the attempt to clarify the discrepancies highlighted by Politics has, probably to Adams’ chagrin, become an all-out amateur investigation into the whereabouts of the former police captain… and his kitchen appliances.

For starters, Twitter sleuths highlighted the shocking differences between the photos of Adam’s refrigerator from Wednesday and 2017. Adams is an avid vegan, but his refrigerator in this “current residence” contains salmon and other produce. of animal origin (which he attributed to his son, Jordan). The device models themselves also look different, although the photos are said to be from the same Bed-Stuy apartment.

A photo of Adams standing in the basement bedroom, he said, was his Twitter whipped into another frenzy, as users quickly spotted a collection of sneakers that appeared to belong to his son.

In addition to looking for a simple moment of “embarrassment”, Politics notes that if Adams truly lives across the Hudson, he may not meet New York Politburo residency requirements or pay rental income taxes.

Does Adams live part time in New Jersey? Do the apartments that the journalists visited really belong to her son? Did he buy a new refrigerator, and if so, when? As the campaign manager of New York City mayoral candidate Maya Wiley said, “WTF?!?! “

Source link

]]> 0
Rutgers-Seton Hall agrees to continue the series Tue, 08 Jun 2021 18:36:07 +0000

After the series was in danger of ending after last season’s game was canceled and the two schools would not be on the same page, Rutgers and Seton Hall agreed to resume their long-standing rivalry next season. .

Rutgers will play the Garden State Hardwood Classic at Seton Hall on Sunday, December 12 at the Prudential Center in Newark. This will be the 72nd meeting in the series dating back to 1916. Jerry Carino broken the good news ahead of Rutgers’ official announcement on Tuesday afternoon.

Thank AD Rutgers Pat Hobbs and Head Coach Steve Pikiell for finding a way to continue what I consider to be one of college basketball’s best rivalries. They valued the big picture. I made my passionate plea for him to continue here. Finding a resolution maintains a high-profile non-conference game Rutgers needs for years to come. However, more importantly, this game just means more and parting with it would have been awful. Keeping that rivalry alive, which produced two of the greatest victories of the Pikiell era, is also important for New Jersey basketball.

As for the rest of the program outside the conference, it has already been reported by Jon rothstein that Rutgers are also expected to play UMASS, Rider, Lehigh and Merrimack next season. Of course, we know they will be competing in the ACC-Big Ten Challenge as well and are rotating this season to compete in the Gavitt Games against the Big East.

To learn more about the previously announced Big Ten program and some takeaways, click here and here.

Source link

]]> 0
Why some lenders are opting for video banking Tue, 08 Jun 2021 16:03:40 +0000

The coronavirus pandemic has forced banks to adjust the way they interact with their customers, and many have beefed up their digital platforms to better serve their customers remotely.

Several banks have found success in their video banking platforms. Technology, they say, allows them to serve customers in a safe and convenient way, while giving them a personal touch.

OceanFirst Financial, based in Toms River, New Jersey, has been using video banking to connect with its customers for the past five years – an investment the bank says has paid off amid 15 months of social distancing and lockdowns .

“We have followed a multi-year trajectory to ensure that we are shifting our investment into digital and out of retail as our customers make those choices themselves,” said Chris Maher, CEO of OceanFirst. “[Digital] this is where transactions go, this is where our customers go, and this is where we make our investments. “

The bank with $ 11.6 billion assets operates 58 retail branches in New Jersey, Metropolitan Philadelphia and Metropolitan New York. By 2019, the bank had doubled the number of branches it now has, a testament to the scale of the bank’s shift to digital products, Maher said.

Customers have completed 220,000 video transactions over the past five years, Maher said.

“We are making thousands of them every month,” he said. “It’s a very efficient way for us to provide extraordinary service over a large geographic area with very few branches. “

The bank is expanding its video banking services to mobile devices and plans to provide full video chat capability in its call center by the end of this year.

The service, however, requires a significant investment in training the bank’s employees, Maher said.

“It’s not the technology that’s a barrier. Having a video session is a pretty straightforward thing. It’s okay to add this feature,” Maher said. “Adding dozens of bankers at OceanFirst who know how to video and how to connect in a professional and engaging manner is the barrier, and it takes years of hiring and development and recruiting to build a framework. people who are good at it average. Not everyone is comfortable with it. You have to be able to look through the camera, connect with people and listen.

OceanFirst operates a dedicated call center where it normally employs its video bankers, but in the midst of the pandemic, its video bankers are working from their homes, Maher said.

The bank is expanding its head office in Toms River, building a six-story, 80,000-square-foot space that will serve as a hub for its digital activities.

The bank has also grown its tech staff more than 11-fold over the past six years, from seven in 2015 to 81 now.

Maher said the bank’s investment in digital and video is a necessity as it shrinks its physical presence.

“You can’t consolidate a branch without investing in new infrastructure to serve your customers for the long term,” he said. “I don’t think the majority of banks are going to launch , but they may be forced to do so later. We are very happy with the customer satisfaction scores and the responses we get from our customers and we think this is a wonderful model, but it is a rare thing today. “

The bank has also improved its mobile banking app in recent years, adopting payment platforms such as Apple Pay and Android Pay, and a hybrid robo-advisor called Nest Egg, a digital product that customers can access through a video session.

American Bank

One bank that shares OceanFirst’s video banking embrace is the Minneapolis-based US bank. The $ 553 billion-asset bank recently added a video to its co-browsing service, a feature the bank introduced about a year ago that allows a customer to remotely share a screen with an employee of the American bank.

“We have thousands of these co-browsing sessions every week, and now we do them with video,” said Tim Welsh, US Bank vice president for personal and business banking.

The bank also recently added virtual appointment booking. Like many other retail banks, US Bank has relied heavily on scheduling branch visits amid the pandemic, making bank by appointment the default option in how she interacts with her customers.

For customers who want to interact face-to-face, Welsh said the bank has decided to give them a virtual option.

For the most part, bankers make video appointments out of branch offices, while some operate from a call center, Welsh said.

Welsh said the bank is working to put customers in touch with a banker working at a nearby branch.

“What we’re seeing is that even though people are connecting through technology, they love that the person they’re talking to is local,” he said. “This is not universally true, of course, not everyone needs this. But there is something about being able to say, ‘Are you enjoying the beautiful sunny day that we have. here in Las Vegas? ‘ – or whatever city you’re in. It generates a level of comfort that seems to be very useful. ”

The branch is still relevant, for now

Despite the investments in digital and the commitment their new video services are getting from customers, Maher and Welsh said they still believe the branch has a place in banking.

“Our efforts to secure digital customers are most successful in markets where we have a branch. So brick and mortar has value,” said Maher.

However, he said, the bank realized that it did not need the same concentration of branches in particular areas that it once had.

“The branch business area has become much larger, so branches are important, but they can be much further apart,” he said.

While some customers may continue to visit branches for simple transactions, like cashing a check, Welsh said he believes rudimentary in-branch transactions will decline as digital adoption increases. The majority of those who choose to come to a branch are likely to seek more tailored and personalized services from their bankers, he said.

“I think what’s exciting is the fact that you can now do these transactions in a more streamlined way. It gives people an opportunity to ask questions about technology or their finances that they might not have. haven’t been able to pose in the past, “he said. “The fact that you don’t have to run to cash a check now gives them the opportunity to have more important conversations, and I think that will continue. I hope that will continue.”

Source link

]]> 0
3-star DL DJ Allen commits to Rutgers Mon, 07 Jun 2021 04:25:53 +0000

Rutgers football received the thirteenth verbal pledge for its recruiting class of 2022 on Sunday when DJ Allen announced he was joining the program after an official visit last weekend.

The 3-star defensive end from Leo, Indiana, is ranked 15th best rookie in Hoosier State on the 247 Sports Composite Rankings. The 6’7 “, 225-pound prospect has a 4.0 GPA and has gained over 30 pounds since last fall according to NJ Advance Media’s Todderick Hunt in this article. He also plays basketball and competes. in several high school athletics events in addition to football.

Allen holds nearly two dozen offerings, as well as several Big Ten schools, including Michigan and the State of Michigan. He had scheduled official visits to the Northwest, Vanderbilt, and Iowa, but ultimately chose the first power-five program to give him to Rutgers.

Defensive line coach Jim Panagos was Allen’s main recruiter, who is an intriguing addition to the job pool. He is very quick for his size, has good direction change abilities and can finish tackles. Adding strength and power to his large frame while maintaining the speed and quickness he already possesses is key to his overall development.

The 2022 recruiting class for Rutgers remains ranked 3rd in the Big Ten and 7th nationally on the 247 Sports Composite Rankings.

Head Coach Greg Schiano and his coaching staff do a good job of attracting talent to other Big Ten states except New Jersey, Illinois (Rashad Rochelle), Ohio (Kwabena Asamoah), Pennsylvania (Samuel Brown, Anthony Johnson) and now Indiana with Allen.

To see junior season highlights for Allen, click here.

Source link

]]> 0
America’s Grow-a-Row Offers Virtual Education Sun, 06 Jun 2021 11:00:00 +0000

America’s Grow-a-Row has implemented a new virtual education program in its farm-to-fork kitchen.

This spring, America’s Grow-a-Row is teaching elementary school students about the role of bees in fruit and vegetable production, educating seniors about diet for cancer prevention, and educating students on ways they can have a impact in their communities to fight food insecurity. .

Based on the need to cancel on-site education over the past year due to the COVID-19 pandemic, America’s Grow-a-Row has acquired the digital technology needed to implement courses in virtual education to stay in touch with New Jersey school and community partners. America’s Grow-a-Row recently hosted training sessions for partners in Essex County, Hudson County, Hunterdon County, Mercer County and Middlesex County, among others.

Sign up for the Flemington / Raritan newsletter

Our newsletter provides local news you can trust.

You have successfully subscribed to the TAPinto Flemington / Raritan newsletter.

America’s Grow-a-Row, located in Pittstown, is a non-profit organization that grows and harvests fresh, healthy fruits and vegetables that are donated to hungry people throughout New Jersey and beyond. of the. All produce grown at America’s Grow-a-Row is donated to food banks and hunger relief agencies.

America’s Grow-a-Row, with the help of over 9,000 volunteers, donates 2 million pounds, or 8 million servings, of farm-fresh produce each year.

If you are interested in volunteering or making a financial donation to America’s Grow-a-Row, contact Chip Paillex at 908-331-2962 or email To learn more, visit

Source link

]]> 0
Warren Township: Somerset County to host First Saturday and e-waste drop-off events on June 5 Sat, 05 Jun 2021 15:35:18 +0000

June 4, 2021

BRIDGEWATER – Recycle newspapers, magazine junk mail and more at the drop-off event on the first Saturday of the month on Saturday, June 5, 8 a.m. to 2 p.m. at the Somerset County Recycling Center, located at 40 Polhemus Lane, Bridgewater, NJ 08807. Residents are encouraged to donate canned goods, which will be distributed to local food banks through the recycling division. Social distancing is required: residents must wear face coverings. Occupants should remain in their vehicles and staff will be available to help them remove items. Proof of residency is required: Residents must have a valid driver’s license, valid lease, tax bill, or other invoice that shows proof of an address in Somerset County. Pre-registration is not required. No business or utility vehicle is allowed. Accepted Items Deposit up to eight tires – with or without rims – scrap metal, used engine oil, oil filters, antifreeze and common curbside materials, including chipboard items, plastic bottles and containers marked 1 through 7. Chipboard items include boxes of gifts, shoes, shirts and all retail boxes, as well as boxes of cereal, cookies, pasta and cake and crackers without plastic liners. Dry and empty steel notice board, notepad holder, and paint cans are also accepted. Somerset County does not accept textiles during deposits on the first Saturday of the month. Residents should continue to recycle used textiles in any local charitable donation bin. Donate non-perishable food to the First Saturday Drop-off to help residents who have been affected by COVID-19. For a full list of recyclable items, recycling events and more, click here. For more information on First Saturday events, click here or call the Somerset County Recycling Center at 732-469-3363. HILLSBOROUGH E-Waste Drop-off – The Somerset County E-Waste Drop-off Event will take place on Saturday, June 5, 8 a.m. to 2 p.m. at the South County Public Works Garage, located at 410 Roycefield Road, Hillsborough, NJ 08844. La Social distancing is required: residents must wear face covers. Occupants should remain in their vehicles with the windows closed until otherwise specified. Residents are required to remove items from their vehicles without staff assistance, but staff will tell residents where to put their items. Proof of residency is required: Residents must have a current driver’s license, valid lease, tax bill, or other invoice that shows proof of their address in Somerset County. Pre-registration is not required. No business or utility vehicle is allowed. Batteries are not accepted: Residents can recycle household hazardous waste including lithium and rechargeable batteries on schedule, click here. Batteries such as AA, AAA, D, C and 9 volts can be thrown in the regular trash. For a complete list of items accepted at the e-waste depot, click here or contact the Somerset County Solid Waste Management Division at 908-231-7109, email A complete list of recyclable items, recycling collection events (first Saturday of the month, household hazardous waste, Rx drugs, electronic waste) and more is available at Use the Free Recycle Application Coach for personalized and up-to-date recycling information. To download the app, click here. To stay up to date with Somerset County events and information, sign up for free email alerts at or follow us on Facebook, Twitter and Instagram.

This press release was produced by the Township of Warren. The opinions expressed here are those of the author.

Source link

]]> 0
Wanted man allegedly used Atlantic City casinos to launder money Fri, 04 Jun 2021 23:49:27 +0000

Posted: Jun 4, 2021, 4:49 a.m.

Last update on: June 4, 2021, 03:57 a.m.

New Jersey State Police are asking the public for assistance in locating an Atlantic City man who is wanted on multiple charges.

Atlantic City Casinos Money Laundering
Jordan Ragland is wanted by the New Jersey State Police. Law enforcement alleges he used Atlantic City casinos to launder drug money. (Image: NJ State Police /

Law enforcement officials say Jordan Ragland, 29, is on the run. The Atlantic City resident is wanted for various drug, gun and money laundering offenses.

The Bureau of Casino Gambling of the New Jersey State Police Special Investigations Unit launched an investigation into Ragland’s activities at Atlantic City casinos last September. Investigators have linked approximately $ 107,000 of suspicious money laundering transactions to Ragland.

In March, detectives intercepted a package from California bound for the Atlantic City residence in Ragland that contained a large amount of methamphetamine. A search warrant was then executed at the house and police seized more than $ 43,000 worth of drugs, guns and high capacity magazines.

Ragland was not at home at the time of the raid, but his alleged accomplice was. Police arrested James Wright, 35, also of Atlantic City.

Casino money laundering

Casinos have long been the target of criminals seeking to launder their ill-gotten money. It is one of the most important surveillance areas for casinos, and operators spend considerable amounts of money each year to protect their casino cages from illegal use, training staff to detect suspicious activity.

Casinos in the United States must comply with the Bank Secrecy Act (BSA). Passed in 1970, federal law requires financial industries to assist the US government in detecting and preventing money laundering. For many years, only banks and related institutions were required to comply with BSAs. This changed in 2001 when casinos and card clubs were added due to their handling of large volumes of money.

Under the BSA, casinos must file suspicious activity reports (SAR) when a casino “knows, suspects or has reason to suspect that a transaction totaling at least $ 5,000 involves funds derived from activities. illegal, is intended to conceal funds or assets derived from illegal activities. activity, is designed to avoid BSA reporting or record keeping requirements, uses the casino to facilitate criminal activity, and / or is not the kind of transaction in which the particular customer would be expected to engage, and the casino does not know of any reasonable explanation for the transaction after examining the available facts.

The US Financial Crimes Enforcement Network (FinCEN) reports that in 2019, commercial and tribal casinos, as well as card clubs, deposited 51,275 SAR.

Ragland faces dire consequences

The Law Firms of Jonathan F. Marshall, a New Jersey law firm with experience in money laundering, says the penalties for money laundering in New Jersey are substantial. A first degree money laundering conviction can include prison terms of up to 20 years, plus a fine of $ 200,000, or three times the value of the money laundered involved, whichever is greater. of them.

Ragland, of course, is considered innocent until proven guilty. Anyone who knows his whereabouts is urged to call the New Jersey State Police Special Investigations Section, Casino Gaming Bureau, at 609-441-7464.

Source link

]]> 0