Banking and credit

President of European Central Bank Mario Draghi comes to a press conference after chairing his last policy meeting in Frankfurt, Germany, Thursday, Oct. 24, 2019. (AP Photo/Michael Probst)
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October 24, 2019 - 9:12 am
FRANKFURT, Germany (AP) — As he winds up his eight-year term, European Central Bank President Mario Draghi said Thursday that his legacy isn't dented by the unusual public criticism by some ECB officials of a key part the bank's last stimulus package. Draghi said that criticism of the decision to...
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FILE - In this April 11, 2018, file photo, Facebook CEO Mark Zuckerberg pauses while testifying before a House Energy and Commerce hearing on Capitol Hill in Washington about the use of Facebook data to target American voters in the 2016 election and data privacy. Zuckerberg plans to tell Congress Wednesday, Oct. 23, 2019, that the company’s planned Libra cryptocurrency won’t launch unless all U.S. regulators approve. (AP Photo/Andrew Harnik, File)
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October 22, 2019 - 5:25 pm
SAN FRANCISCO (AP) — Facebook CEO Mark Zuckerberg aims to reassure Congress on Wednesday that his company won't try to evade financial regulators as it prepares its planned digital currency Libra. In prepared remarks released Tuesday ahead of a hearing before the House Financial Services Committee...
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Anti-government protesters sit in front of a barbed-wire barrier on a road that leads to the Government House, during a protest in Beirut, Lebanon, Tuesday, Oct. 22, 2019. Prime Minister Saad Hariri briefed western and Arab ambassadors Tuesday of a reform plan approved by the Cabinet that Lebanon hopes would increase foreign investments to help its struggling economy amid wide skepticism by the public who continued in their protests for the sixth day. (AP Photo/Hassan Ammar)
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October 22, 2019 - 11:45 am
BEIRUT (AP) — Lebanon's embattled prime minister sought international support Tuesday for economic reforms announced a day earlier, which were intended to pacify massive protests calling for his government to resign. Saad Hariri hopes the reform package will increase foreign investments and help...
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Anti-government protesters wave Lebanese flags and shout slogans against the Lebanese government during a protest in Beirut, Lebanon, Monday, Oct. 21, 2019. Lebanon's Cabinet approved Monday sweeping reforms that it hopes will appease thousands of people who have been protesting for five days, calling on Prime Minister Saad Hariri's government to resign. (AP Photo/Hassan Ammar)
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October 21, 2019 - 3:08 pm
BEIRUT (AP) — Facing escalating mass protests, the government of Lebanese Prime Minister Saad Hariri approved Monday a package of economic reforms and a 2020 budget without new taxes, hoping to appease people in the streets. Protests swelled in the hours after the announcement, however, as many...
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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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