Banking and credit

FILE - In this Monday, April 10, 2017 file photo, the chief of the Ukrainian Central Bank Valeria Gontareva makes a statement on her resignation during a press conference in Kyiv, Ukraine. Ukrainian officials on Monday Oct. 21, 2019, lashed out at a parody song targeting Ukraine's former central bank chief Gontareva, and mocking an arson attack on her home which was firebombed last month. (AP Photo/Sergei Chuzavkov, File)
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October 21, 2019 - 10:22 am
KYIV, Ukraine (AP) — Ukrainian officials on Monday lashed out at a comedy show that targeted the former central bank chief by joking about a recent arson attack on her home. Kvartal 95 is arguably the country's most beloved comedy show and was led by Volodymyr Zelenskiy before he was elected...
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October 18, 2019 - 7:09 am
BRUSSELS (AP) — European Union leaders have approved the appointment of Christine Lagarde as the next president of the European Central Bank. The former International Monetary Fund managing director will replace Mario Draghi, who has served as ECB president since 2011. The European Council had...
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International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a news conference during the World Bank/IMF Annual Meetings in Washington, Thursday, Oct. 17, 2019. (AP Photo/Jose Luis Magana)
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October 18, 2019 - 12:09 am
WASHINGTON (AP) — The leaders of the 189-nation International Monetary Fund and its sister organization, the World Bank, are laying out their visions for the future, hoping to achieve a world with less extreme poverty and more economic growth. However, IMF Managing Director Kristalina Georgieva and...
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International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a news conference during the World Bank/IMF Annual Meetings in Washington, Thursday, Oct. 17, 2019. (AP Photo/Jose Luis Magana)
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October 17, 2019 - 2:27 pm
WASHINGTON (AP) — The International Monetary Fund's new leader said Thursday that a trade truce between the United States and China could trim expected losses to the world economy but won't be enough to produce strong global growth. Before last week's tentative trade agreement, the IMF had...
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FILE - In this Oct. 7, 2019, file photo specialists Mario Picone, left, and Anthony Rinaldi work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, Oct. 14. (AP Photo/Richard Drew, File)
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October 14, 2019 - 5:46 pm
Stocks capped a wobbly day of trading on Wall Street with modest losses Monday, a shaky start to the week for the market after its first weekly gain in a month. Losses in consumer goods makers, utilities and technology stocks helped outweigh gains in banks and real estate companies. A 2% drop in...
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October 11, 2019 - 1:39 pm
WASHINGTON (AP) — The Federal Reserve said Friday that it will buy short-term Treasury bills each month until the second quarter of 2020 to inject cash into the banking system and make it easier to control its benchmark lending rate. The action marks the Fed's latest response to a shortage of cash...
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FILE - In this Jan. 30, 2019, file photo Federal Reserve Chairman Jerome Powell speaks at a news conference in Washington. The Federal Reserve has approved a package of rules that will ease restrictions imposed on banks following the 2008 financial crisis, giving a victory to the banking industry and President Donald Trump, a vocal critic of the more stringent rules. (AP Photo/Alex Brandon, File)
1010 WINS Newsroom
October 10, 2019 - 5:01 pm
WASHINGTON (AP) — The Federal Reserve is easing restrictions imposed on banks following the 2008 financial crisis, giving a victory to the banking industry and President Donald Trump. The Fed on Thursday approved a set of rule changes that implement legislation passed by Congress last year to...
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The European Central Bank is seen next to the river Main in Frankfurt, Germany, late Wednesday, Oct. 2, 2019. (AP Photo/Michael Probst)
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October 10, 2019 - 9:13 am
FRANKFURT, Germany (AP) — Top European Central Bank officials were united over the need for more stimulus at their last meeting but some pushed back against the eventual decision to launch bond purchases that inject newly printed money into the economy. The written account of the meeting released...
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FILE - In this Oct. 4, 2019, file photo Federal Reserve Chairman Jerome Powell attends a panel at the Federal Reserve Board Building in Washington. On Wednesday, Oct. 9, the Federal Reserve releases minutes from its September meeting when it cut interest rates for a second time this year. (AP Photo/Jacquelyn Martin, File)
1010 WINS Newsroom
October 09, 2019 - 2:33 pm
WASHINGTON (AP) — Federal Reserve officials were sharply divided last month when they decided to cut their key policy rate for a second time this year, a split that indicates the path forward for future rate cuts remains cloudy. Minutes of the discussion at the September meeting released Wednesday...
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Federal Reserve Chairman Jerome Powell speaks at the National Association for Business Economics conference in Denver on Tuesday, Oct. 8, 2019. Powell said that U.S. job growth since early last year was not as robust as thought, a hint that the Fed may be ready to keep cutting interest rates to support the economy. Downward revisions to the government's hiring data, announced in August, suggest less upward pressure on wages and inflation. (AP Photo/Thomas Peipert)
1010 WINS Newsroom
October 08, 2019 - 5:04 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that U.S. job growth since early last year was not as robust as thought, a hint that the Fed may be ready to keep cutting interest rates to support the economy. Powell also said the Fed will soon announce plans to buy Treasurys,...
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