Latest news with #repo
Yahoo
12-07-2025
- Yahoo
Sheriff's Office investigating possible scam
The Ashtabula County Sheriff's Department is investigating a possible scam in the area. According to Sheriff's Office Public Information Officer Shannon Mellin, a flatbed truck left a sign at a county residence, which was in reference to a possible repo. The sign listed a phone number Google marked as a scam, Mellin said. Ashtabula County Sheriff Bill Niemi said the sign claimed the residents were being investigated under a fake section of the Ohio Revised Code. 'We just want people to be alert and call us if they see anything,' he said. Investigation by the Sheriff's Department is ongoing, Niemi said. 'That's the first [sign] we've had in the county,' he said. Niemi said people should keep an eye out for scams and make sure not to give personal information, like their account numbers, over the phone, he said.
Reuters
08-07-2025
- Business
- Reuters
Euronext launches European repo clearing expansion
July 8 (Reuters) - Euronext ( opens new tab said on Tuesday it was expanding clearing services for repo agreements in Spanish, Portuguese, and Irish government bonds as part of the pan-European market operator's initiative to consolidate its position in that sector. WHY IT'S IMPORTANT: Euronext, which already offers clearing for repo agreements in Italian government bonds, said its "Repo Foundation" initiative would expand to include French, German, Dutch, and Belgian government bonds in the third quarter, and then Austrian and Finnish government bonds in the fourth quarter of this year. For the first time, international firms can join the platform — either through existing Euronext connections or as repo-only participants. A repo, or repurchase agreement, is a type of short-term loan for dealers in government debt. In a repo, one party sells an asset to another party at one price and commits to repurchase the same or another part of the same asset from the second party at a different price at a future date or on demand. If the seller defaults during the life of the repo, the buyer can sell the asset to a third party to offset its loss. KEY QUOTE: "The Repo Foundation is the first phase of our wider Repo Expansion Initiative — a multi-year strategy to deliver a fully integrated, pan-European clearing model," said Anthony Attia, global head of derivatives and post-trade at Euronext. "With a strong footprint in Italian repo, a growing list of government bond coverage, and the majority of key clearing members already connected, Euronext is well positioned to become the clearing house of choice for European repo," he said. The International Capital Markets Association (ICMA) estimates the total value of the European repo market at around 10.86 trillion euros ($12.8 trillion). ($1 = 0.8506 euros)
Reuters
25-06-2025
- Business
- Reuters
India's central bank extends call money market timing by 2 hours
MUMBAI, June 25 (Reuters) - The Reserve Bank of India on Wednesday extended the trading hours for the interbank call money market by 2 hours to 7:00 p.m. IST, with effect from July 1. Banks borrow and lend money in the call market. The revised timings for the call market will be 9:00 a.m. IST to 7:00 p.m. IST. The central bank also extended the hours for market repo and tri-party repo to 4:00 p.m. IST, with effect from August 1. In May, a working group set up by the central bank had recommended longer operating hours for the interbank money markets. The trading hours for government bonds, foreign exchange and interest rate derivative markets have been left unchanged.
CBS News
16-06-2025
- CBS News
Man dead after being struck by semi-truck on Detroit highway, police say
Woman accused of firing on repo man; Michigan man accused of threats to president; other top stories Woman accused of firing on repo man; Michigan man accused of threats to president; other top stories Woman accused of firing on repo man; Michigan man accused of threats to president; other top stories A 28-year-old man is dead after being hit by a semi-truck on Interstate 75 in Detroit Sunday evening. Michigan State Police say officials received calls around 6:30 p.m. of a pedestrian, later identified as the man, running in and out of traffic on I-75 near Seven Mile Road. The man, from Detroit, was in a highway lane when he was struck by the semi, police say. He was taken to the hospital where he later died. Officials shut down the interstate for a short time after the crash. The man's family has been notified of the incident.
CBS News
15-06-2025
- CBS News
Detroit police seek public's help in locating 42-year-old man
Woman accused of firing on repo man; Michigan man accused of threats to president; other top stories Woman accused of firing on repo man; Michigan man accused of threats to president; other top stories Woman accused of firing on repo man; Michigan man accused of threats to president; other top stories The Detroit Police Department is asking for the public's help in finding a missing 42-year-old man. John Morrison left his home on the 18400 block of Hickory Street on Thursday and has not returned, officials say. Police describe Morrison as 6 feet tall and 180 pounds with black hair and brown eyes. He was wearing a red cap, tan jacket, blue shirt and blue jeans when last seen. John Morrison, 42. Detroit Police Department Anyone with information about Morrison is asked to call the Detroit Police Department at 313-596-5940 or Crime Stoppers of Michigan at 1-800-773-2587.
