Banking and credit

Tommy Thomas, newly appointed attorney-general of Malaysia, speaks to media outside his office during the first day he report to work in Putrajaya, Malaysia, Wednesday, June 6, 2018. Thomas, 66, is a renowned senior lawyer whose first task will be to handle prosecution of the 1MDB case. (AP Photo)
June 06, 2018 - 7:39 am
KUALA LUMPUR, Malaysia (AP) — Malaysia's central bank governor has become the latest senior official to resign amid a corruption probe of the former government that appointed them. Prime Minister Mahathir Mohamad said Wednesday the government accepted Muhammad Ibrahim's resignation and a...
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Protesters gather for a demonstration outside the Prime Minister's office in Amman, early Tuesday, June 5, 2018. Jordan's King Abdullah II on Monday accepted the resignation of his embattled prime minister and reportedly tapped a leading reformer as a successor, hoping to quell the largest anti-government protests in recent years, which are also seen as a potential challenge to his two-decade-old rule. (AP Photo/Raad al-Adayleh)
June 05, 2018 - 7:59 am
AMMAN, Jordan (AP) — Jordan's King Abdullah II on Tuesday appointed a new prime minister, the royal palace said, naming a leading reformer as head of government in hopes of quelling the largest anti-government protests in recent years. Cabinet member Omar Razzaz, a Harvard-educated former senior...
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FILE - In this Thursday, Jan. 26, 2017 file photo, people walk past one of the headquarter buildings showing the logo of the Royal Bank of Scotland in London. The British government has sold a 7.7 percent stake in Royal Bank of Scotland, taking a tentative step toward returning the bank to private ownership almost a decade after it was bailed out at the height of the financial crisis. (AP Photo/Alastair Grant/File)
June 05, 2018 - 6:00 am
LONDON (AP) — The British government sold a 7.7 percent stake in Royal Bank of Scotland on Tuesday, taking a tentative step toward returning the bank to private ownership almost a decade after it was bailed out at the height of the financial crisis. The government sold the shares for 271 pence each...
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June 04, 2018 - 3:59 pm
WASHINGTON (AP) — A unit of one of France's largest banks, Societe Generale, is pleading guilty in the U.S. and the bank is paying a $585 million fine for bribing Libyan officials to win government investments. The bank also is paying $750 million to settle U.S. charges of manipulating a key global...
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June 02, 2018 - 5:02 am
LONDON (AP) — Visa says a problem that left people across Europe unable to use their cards was caused by a hardware fault, not a cyberattack. The card payments company says services are back to normal and its systems are working at "full capacity" on Saturday. It says the problem was caused by "a...
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FILE- In this May 10, 2018, file photo, signs for the New York Stock Exchange hang above the trading floor. The U.S. stock market opens at 9:30 a.m. EDT on Friday, June 1. (AP Photo/Mark Lennihan, File)
June 01, 2018 - 4:24 pm
NEW YORK (AP) — Stocks climbed Friday after a report showed the U.S. job market is still revving higher, even with the specter of a possible trade war hanging over markets around the world. The better-than-expected news on jobs helped the S&P 500 more than recover all its losses from earlier in...
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In this Monday, April 9 2018 photo, the sun sets over the skyline of the Latvian capital of Riga. Latvia has come into focus as a potential weak link in the West’s banking system as the U.S. and EU increasingly rely on financial sanctions as a weapon in their diplomatic spats with North Korea, but also Russia and Syria, among others. (AP Photo/David Keyton)
June 01, 2018 - 9:08 am
RIGA, Latvia (AP) — When the U.S. hit North Korea with sanctions last year, Pyongyang's state-owned banks found a quiet backchannel to keep money flowing to the country's ballistic missile programs, the U.S. says: the tiny European country of Latvia. One of the biggest banks in Latvia — a member...
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In this photo taken on Tuesday, April 10 2018, Latvia's Prime Minister Maris Kucinskis poses for a photograph, during an interview, in Riga. Latvia has come into focus as a potential weak link in the West’s banking system as the U.S. and EU increasingly rely on financial sanctions as a weapon in their diplomatic spats _ with North Korea, but also Russia and Syria, among others. (AP Photo/David Keyton)
June 01, 2018 - 9:06 am
RIGA, Latvia (AP) — When the U.S. hit North Korea with sanctions last year, Pyongyang's state-owned banks found a quiet backchannel to keep money flowing to the country's ballistic missile programs, the U.S. says: the tiny European country of Latvia. One of the biggest banks in Latvia — a member...
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State Sen. Bob Hertzberg, D-Van Nuys, urges lawmakers to approve his measure to create a state-backed bank to handle the billions of dollars from the newly legal recreational marijuana market, Wednesday, May 30, 2018, in Sacramento, Calif. By a bipartisan 29-6 vote the Senate approved the measure and sent it to the Assembly. (AP Photo/Rich Pedroncelli)
May 30, 2018 - 8:48 pm
SACRAMENTO, Calif. (AP) — California lawmakers moved Wednesday to create a state-backed bank to handle the billions of dollars flowing from the newly legal recreational marijuana market. The world's largest legal recreational marijuana economy, created under a law that took effect this year, is...
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FILE- In this March 21, 2018, file photo, Federal Reserve Chairman Jerome Powell looks to his notes as he speaks during a news conference following the Federal Open Market Committee meeting in Washington. As the government drives to loosen restraints on banks, the Federal Reserve is set to ease a rule aimed at defusing the kind of risk-taking on Wall Street that helped trigger the 2008 financial meltdown. (AP Photo/Carolyn Kaster, File)
May 30, 2018 - 7:49 pm
WASHINGTON (AP) — The largest U.S. banks would have leeway to take riskier trading bets for their own profit under proposed changes the Federal Reserve unveiled Wednesday. The changes would loosen rules that since the 2008 financial meltdown have barred big banks from using depositors' money to...
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