Banking and credit

FILE - In this Thursday, Jan. 1, 2015 file photo, euro coins and banknotes are shown by a salesclerk at a shop in Vilnius, Lithuania. Italy's economy minister says the new populist government isn't discussing any proposal to leave the eurozone. Minister Giovanni Tria, in an interview Sunday, June 10, 2018 in Corriere della Sera newspaper, said "not only do we not want to exit" the 19-member shared currency union, but the coalition is determined to act so conditions don't occur to "put our presence in the euro(zone) up for discussion." (AP Photo/Mindaugas Kulbis, File)
June 14, 2018 - 9:59 am
RIGA, Latvia (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local): 4:30 p.m. In response to a question about populist politicians' claim that the euro is not good for some countries, the head of the European Central Bank says the shared currency is irreversible...
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People walk by an electronic stock board of a securities firm in Tokyo, Thursday, June 14, 2018. Asian stock markets slumped on Thursday with South Koreans stocks plunging 1.6 percent on the first day of trading after an unprecedented summit between leaders of North Korea and the United States. Stocks plunged after Federal Reserved hiked its key rate and signaled an acceleration in its pace of rate increase. (AP Photo/Shuji Kajiyama)
June 14, 2018 - 7:16 am
SEOUL, South Korea (AP) — Global stocks slumped Thursday after the U.S. Federal Reserve raised its key interest rate and said it would pick up the pace of future increases. Eyes are now on the European Central Bank, which is discussing Thursday when it might end its stimulus program. KEEPING SCORE...
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FILE- In this April 24, 2018, file photo, replicas of Arturo Di Modica's "Charging Bull" are for sale on a street vendor's table outside the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, June 13. (AP Photo/Mary Altaffer, File)
June 14, 2018 - 12:27 am
SEOUL, South Korea (AP) — Asian stocks slumped Thursday after the U.S. Federal Reserve raised its key interest rate and said it would pick up the pace of future increases. South Korea's market benchmark tumbled 1.6 percent on the first trading day after a meeting of U.S. and North Korean leaders...
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Federal Reserve Chair Jerome Powell speaks during a news conference after the Federal Open Market Committee meeting, Wednesday, June 13, 2018, in Washington. The Federal Reserve is raising its benchmark interest rate for the second time this year and signaling that it may step up its pace of rate increases because of solid economic growth and rising inflation. (AP Photo/Jacquelyn Martin)
June 13, 2018 - 3:25 pm
WASHINGTON (AP) — The Latest on the Federal Reserve policy meeting (all times local): 3:20 p.m. Federal Reserve Chair Jerome Powell says the U.S. central bank has not resolved how financial institutions should deal with marijuana businesses. Marijuana usage is permitted in some states, but not by...
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FILE- In this March 21, 2018, file photo, Federal Reserve Chairman Jerome Powell speaks following the Federal Open Market Committee meeting in Washington. Investors are eagerly awaiting the updated economic forecasts the Fed will issue when its meeting ends Wednesday, June 13. (AP Photo/Carolyn Kaster, File)
June 13, 2018 - 2:29 pm
WASHINGTON (AP) — The Federal Reserve has raised its benchmark interest rate for the second time this year and signaled that it may step up its pace of rate increases because of solid U.S. economic growth and rising inflation. The Fed now foresees four rate hikes this year, up from the three it had...
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June 12, 2018 - 11:54 am
WASHINGTON (AP) — The Senate Banking Committee on Tuesday approved President Donald Trump's nomination of Columbia University professor Richard Clarida to be the vice chairman of the Federal Reserve. The panel also approved the nomination of Kansas bank commissioner Michelle Bowman to fill another...
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FILE- This April 5, 2018, file photo shows part of the trading floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, June 12. (AP Photo/Richard Drew, File)
June 12, 2018 - 11:52 am
NEW YORK (AP) — U.S. and global stock markets were mostly higher Tuesday as investors reacted calmly to the outcome of a meeting between President Donald Trump and North Korean leader Kim Jong Un. KEEPING SCORE: The Dow Jones industrial average was up 5 points, or less than 0.1 percent, to 25,327...
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Traders Gregory Rowe, center, and Robert Charmak work on the floor of the New York Stock Exchange, Monday, June 11, 2018. Stocks are opening higher on some corporate deal news. (AP Photo/Richard Drew)
June 11, 2018 - 4:22 pm
NEW YORK (AP) — U.S. and global markets rose modestly on Monday, as investors made preparations for President Donald Trump's meeting with North Korean leader Kim Jong Un in Singapore. European investors also focused on Italy's new government, and its future using the euro. The Dow Jones industrial...
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FILE- In this April 6, 2018, file photo, federal Reserve Chairman Jerome Powell listens as he tours mHUB during a visit in Chicago. Investors are eagerly awaiting the updated economic forecasts the Fed will issue when its meeting ends Wednesday, June 13. (AP Photo/Charles Rex Arbogast, File)
June 11, 2018 - 12:22 pm
WASHINGTON (AP) — Another interest rate increase is all but certain when the Federal Reserve meets this week. What's not so sure is whether the vigorous U.S. economy will lead the Fed to accelerate its rate hikes in the months ahead — a move that could raise the risk of a recession. When it last...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, June 11, 2018. Asian markets were mixed Monday before President Donald Trump planned to meet North Korean leader Kim Jong Un and after his outburst at Canada's prime minister over trade. (AP Photo/Ahn Young-joon)
June 11, 2018 - 1:29 am
BEIJING (AP) — Asian markets were mostly higher Monday as Donald Trump prepared to meet North Korean leader Kim Jong Un following the American president's outburst at Canada's prime minister over trade. KEEPING SCORE: Tokyo's Nikkei 225 rose 0.6 percent to 22,834.41 while the Shanghai Composite...
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