Banking and credit

February 22, 2019 - 11:12 am
WASHINGTON (AP) — The Federal Reserve said Friday that in light of a slowing global economy and last year's financial market turmoil, the central bank intends to remain "patient" in determining when to make future changes in its benchmark interest rate. The Fed's semi-annual report to Congress on...
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The last sunlight is reflected in the facade of the European Central Bank as the sun sets in Frankfurt, Germany, Tuesday, Feb. 19, 2019. (AP Photo/Michael Probst)
February 21, 2019 - 7:53 am
FRANKFURT, Germany (AP) — Top officials of the European Central Bank worried at their last meeting that the slowdown in economic growth might be "deeper and more broad-based" than previously suspected. The written account of the Jan. 24 meeting released Thursday indicated the bank's 25-member rate-...
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A Chinese man monitors stock prices at a brokerage in Beijing, China, Thursday, Feb. 21, 2019. Asian stock markets were little-changed Thursday following a listless day on Wall Street ahead of U.S.-Chinese negotiations aimed at ending a tariff battle. (AP Photo/Ng Han Guan)
February 21, 2019 - 4:44 am
BEIJING (AP) — Most global stock markets rose Thursday following a listless day on Wall Street ahead of U.S.-Chinese negotiations aimed at ending a tariff battle. In early trading, Germany's DAX index advanced 0.4 percent to 11,445.77 while London's FTSE 100 was off 0.2 percent at 7,210.51. France'...
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A Chinese man monitors stock prices at a brokerage in Beijing, China, Thursday, Feb. 21, 2019. Asian stock markets were little-changed Thursday following a listless day on Wall Street ahead of U.S.-Chinese negotiations aimed at ending a tariff battle. (AP Photo/Ng Han Guan)
February 20, 2019 - 11:22 pm
BEIJING (AP) — Asian stock markets were little-changed Thursday following a listless day on Wall Street ahead of U.S.-Chinese negotiations aimed at ending a tariff battle. Tokyo's Nikkei 225 index lost 0.1 percent to 21,402.69 after a gauge of manufacturing activity fell to a three-year low,...
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Former CEO of Global Wealth Management and Business Banking at UBS AG Raoul Weil leaves the Paris courthouse in Paris, France, Wednesday, Feb. 20, 2019. A Paris court has ordered Swiss bank UBS to pay 3.7 billion euros ($4.2 billion) in fines for helping wealthy French clients evade tax authorities. (AP Photo/Michel Euler)
February 20, 2019 - 10:38 am
PARIS (AP) — A French court ordered Switzerland's largest bank, UBS, to pay 4.5 billion euros ($5.1 billion) in fines and damages for helping wealthy French clients evade tax authorities, wrapping up one of France's biggest-ever tax evasion trials. The Paris court convicted Zurich-based UBS AG on...
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February 19, 2019 - 10:04 am
ATHENS, Greece (AP) — Greece's central bank chief has asked Prime Minister Alexis Tsipras to intervene after a cabinet minister phoned him to tell him how to do his job and then allegedly leaked the conversation to the press. In a statement Tuesday, bank chief Yiannis Stournaras deplored the deputy...
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FILE - In this June 27, 2017 file photo, the proprietor of a medical marijuana dispensary prepares his monthly tax payment, over $40,000 in cash, at his Los Angeles store. Congress on Wednesday, Feb. 13, 2019, was urged to fully open the doors of the nation's banking system to the legal marijuana industry, a change that supporters say would reduce the risk of crime and resolve a litany of problems for pot companies from paying taxes to getting a loan. (AP Photo/Jae C. Hong, File)
February 13, 2019 - 6:13 pm
LOS ANGELES (AP) — Bank officials and others urged Congress on Wednesday to fully open the doors of the U.S. banking system to the legal marijuana industry, a change that supporters say would reduce crime risks and resolve a litany of challenges for cannabis companies, from paying taxes to getting...
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Federal Reserve Chairman Jerome Powell addresses a rural policy forum at historically black Mississippi Valley State University in Itta Bena, Miss., Tuesday, Feb. 12, 2019. Powell says that many rural areas have not benefited from the national prosperity and those areas need special support. (AP Photo/Rogelio V. Solis)
February 12, 2019 - 2:50 pm
ITTA BENA, Miss. (AP) — Federal Reserve Chairman Jerome Powell said Tuesday he does not feel the probability of a recession "is at all elevated," and that the country is continuing to see solid economic growth. But in a visit to a historically black university in the Mississippi Delta, Powell said...
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FILE- This Nov. 29, 2018, file photo shows a Wells Fargo bank location in Philadelphia. Wells Fargo customers are experiencing issues with accessing online or mobile banking as well as other banking services, after a fire happened at one of the bank’s data centers. (AP Photo/Matt Rourke, File)
February 07, 2019 - 7:07 pm
NEW YORK (AP) — Smoke at one of Wells Fargo's data centers left some of the bank's customers without access to online or mobile banking as well as accessing cash from ATMs on Thursday. Wells Fargo said workers discovered the problem following routine maintenance. "We're working to restore all our...
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Woman shouts "Welcome humanitarian aid" as he waives Venezuelan flag in front aof a group of Venezuelan Army soldiers and National Guard officers blocking the main access to the Tienditas International Bridge that links Colombia and Venezuela, near Urena, Venezuela, Thursday, Feb. 7, 2019. Venezuela's opposition leaders requested the shipments and vowed to bring them inside the troubled nation despite objections from embattled President Nicolas Maduro. (AP Photo/Fernando Llano)
February 07, 2019 - 7:06 pm
CARACAS, Venezuela (AP) — The latest on Venezuela's political crisis (all times local): 8:05 p.m. Puerto Rico's government says 3,600 pounds (1,633 kilograms) worth of donated supplies are en route to Venezuela as part of a humanitarian aid mission. Officials said earlier Thursday that they had...
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