Banking and credit

FILE - In this Monday, July 18, 2016, file photo, American Express credit cards are photographed in North Andover, Mass. American Express Co. reports financial results Thursday, Jan. 17, 2019. (AP Photo/Elise Amendola, File)
January 17, 2019 - 5:38 pm
NEW YORK (AP) — American Express swung to a fourth-quarter profit, the credit card company said Thursday, helped by a lower tax rate and more spending on the company's namesake credit cards. The New York-based company earned $2.01 billion, or $2.32 a share, compared with a loss of $1.21 billion, or...
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January 17, 2019 - 8:06 am
NEW YORK (AP) — Investment bank Morgan Stanley on Thursday reported fourth-quarter results that came up short of analysts' expectations, hurt by difficulties in trading that impacted other Wall Street firms. The New York-based firm said it earned $1.53 billion, or 80 cents a share, up from a profit...
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Bank of Japan Gov. Haruhiko Kuroda delivers a speech at a symposium in Tokyo Thursday, Jan. 17, 2019. Kuroda warned of unforeseen risks in guiding economic policy as the country’s population declines. (Kyodo News via AP)
January 17, 2019 - 12:54 am
TOKYO (AP) — Japan faces unforeseen risks in guiding economic policy as its population of about 126 million ages and declines, the governor of its central bank said Thursday. Bank of Japan Gov. Haruhiko Kuroda told fellow financial leaders Thursday that policies must be devised to prevent the...
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TSA employee Gary Vetterli prepares a hot dog during lunch at Salt Lake City International Airport, Wednesday, Jan. 16, 2019, in Salt Lake City. The government shutdown has generated an outpouring of generosity to TSA agents and other federal employees who are working without pay. In Salt Lake City, airport officials treated workers from the TSA, FAA and Customs and Border Protection to a free barbecue lunch as a gesture to keep their spirits up during a difficult time. (AP Photo/Rick Bowmer)
January 16, 2019 - 9:05 pm
The partial government shutdown is a double-whammy for Cara and Philip Mangone, a married couple from Philadelphia. Both are agents with the Transportation Safety Administration, both working full time at the Philadelphia airport. Neither knows when they might again start drawing their paychecks...
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FILE - In this Nov. 14, 2018 file photo, the shadow of a worker falls on a fence at the construction site of a convenience store in Victorville, Calif. On Wednesday, Jan. 16, 2019, the Federal Reserve releases its latest "Beige Book" survey of economic conditions. The Beige Book is based on anecdotal reports from businesses and will be considered along with other data when Fed policymakers meet next. (James Quigg/The Daily Press via AP, File)
January 16, 2019 - 2:06 pm
WASHINGTON (AP) — The Federal Reserve says business contacts in many regions of the country expressed less optimism amid a host of adverse developments, from plunging stock prices to uncertainty about a widening trade war. In its latest report on economic conditions around the country, the Fed says...
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This Thursday, Nov. 29, 2018, photo shows a Wells Fargo bank location in Philadelphia. Wells Fargo & Co. reports financial results Tuesday, Jan. 15, 2019. (AP Photo/Matt Rourke, File)
January 15, 2019 - 9:01 am
NEW YORK (AP) — Wells Fargo, the consumer banking giant, said its fourth-quarter profits fell slightly on Tuesday as the bank remains restrained by federal regulators, who put a tight leash on it after years of scandals and missteps. The San Francisco-based bank said it earned a profit of $6.06...
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This Thursday, Nov. 29, 2018, photo shows a Chase bank location in Philadelphia. JPMorgan Chase reports financial results Tuesday, Jan. 15, 2019. (AP Photo/Matt Rourke)
January 15, 2019 - 7:46 am
NEW YORK (AP) — JPMorgan Chase & Co.'s fourth quarter profits badly missed analysts' expectations on Tuesday, caused by difficulties in the bank's bond-trading business. The nation's largest bank said it earned $7.07 billion in the last three months of the year, or $1.98 per share, up from $4...
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FILE - In this July, 18, 2013, file photo Federal Reserve Chairman Ben Bernanke testifies before the Senate Banking, Housing, and Urban Affairs Committee hearing on "The Semiannual Monetary Policy Report to the Congress" on Capitol Hill in Washington. Federal Reserve officials were worried about an adverse market reaction when they made their first tentative moves in 2013 to pull back on the massive support they had been providing to help the economy recover from the Great Recession. Transcripts of their discussions released Friday, Jan. 11, 2019, show that then-Federal Reserve Chairman Bernanke and his colleagues devoted considerable time debating the wording of the statement. (AP Photo/Manuel Balce Ceneta, File)
January 11, 2019 - 4:42 pm
WASHINGTON (AP) — Federal Reserve officials were worried about an adverse market reaction when they made their first tentative moves in 2013 to pull back on the massive support they had been providing to help the economy recover from the Great Recession. Transcripts of their discussions released...
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Katie Barron gestures while looking at a pay increase notice for her children's day care, in her home in Madison, Ala., Wednesday, Jan. 9, 2019. Barron's husband is a National Weather Service meteorologist forced to work without pay during the shutdown because his job is classified as essential. They've put off home and car maintenance, but the $450-a-week bill for day care still has to be paid, as do the mortgage and utility bills. (AP Photo/David Goldman)
January 11, 2019 - 10:41 am
HUNTSVILLE, Ala. (AP) — Once known for its cotton trade and watercress farms, Huntsville, Alabama, is now the ultimate government town: About 70 federal agencies are located at the Army's 38,000-acre Redstone Arsenal. More than half of the area's economy is tied to Washington spending. As the...
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Visitor watch a stock trading board at a private stock market gallery in Kuala Lumpur, Malaysia, Friday, Jan. 11, 2019. Asian markets were mostly higher on Friday as investors cheered a more reactive Federal Reserve and U.S.-China trade talks. (AP Photo/Vincent Thian)
January 11, 2019 - 5:46 am
SINGAPORE (AP) — Global markets were mixed Friday as investors cheered the Federal Reserve's more restrained stance and opted to view this week's U.S.-China trade talks in a positive light. KEEPING SCORE: In Europe, Germany's DAX slipped 0.1 percent to 10,908.54 and the CAC 40 in France also edged...
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