Banking and credit

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 10, 2019 - 8:23 pm
SINGAPORE (AP) — Asian markets were mostly higher on Friday as investors cheered a more restrained Federal Reserve and U.S.-China trade talks. KEEPING SCORE: Japan's Nikkei 225 index advanced 0.7 percent to 20,306.16 and South Korea's Kospi was 0.4 percent higher at 2,071.18. Hong Kong's Hang Seng...
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Federal Reserve Board Chair Jerome Powell speaks during the Economic Club of Washington luncheon, in Washington, Thursday, Jan.10, 2019. (AP Photo/Carolyn Kaster)
January 10, 2019 - 10:42 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the central bank has the ability to be "patient" in determining when to hike interest rates. Speaking to an audience in Washington, Powell delivered the same reassuring message of patience that bolstered markets last Friday. Before those...
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FILE- In this June 26, 2018, file photo Chinese workers take a break outside a construction site wall depicting the skyscrapers in the Chinese capital at the Central Business District in Beijing. The World Bank is downgrading its outlook for the global economy this year, citing rising trade tension, weakening manufacturing activity and growing financial stress in emerging-market countries. (AP Photo/Andy Wong, File)
January 08, 2019 - 1:38 pm
WASHINGTON (AP) — The World Bank is downgrading its outlook for the global economy this year, citing rising trade tension, weakening manufacturing activity and growing financial stress in emerging-market countries. In a report titled "Darkening Skies," the anti-poverty agency said Tuesday that it...
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People walk past a "Banca Carige" bank branch in Milan, Italy, Tuesday, Jan. 8, 2019. Italy's populist government has stepped in to help guarantee struggling Banca Carige SpA, bending to pressure despite the ruling 5-Star Movement's longtime anti-bank bailout rhetoric. In a statement, the government said it passed a decree late Monday that guarantees future bond issues and foresees the possibility of a precautionary public recapitalization. Premier Giuseppe Conte said the measures were aimed at protecting the "rights and interests" of ordinary Carige account-holders. (AP Photo/Antonio Calanni)
January 08, 2019 - 8:16 am
ROME (AP) — Italy's populist government has stepped in to help guarantee struggling Banca Carige SpA, bending to pressure despite the ruling 5-Star Movement's longtime anti-bank bailout rhetoric. In a statement, the government said it passed a decree late Monday that guarantees future bond issues...
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Trader Michael Milano works on the floor of the New York Stock Exchange, Friday, Jan. 4, 2019. Stocks are jumping at the open on Wall Street Friday as investors welcome news of trade talks between the U.S. and China and a big gain in jobs in the U.S. (AP Photo/Richard Drew)
January 04, 2019 - 5:44 pm
NEW YORK (AP) — Global stocks soared Friday and reversed the big losses they suffered just a day earlier. The Dow Jones Industrial Average rallied 746 points in the latest twist in a wild three months for markets. Hopes for progress in the U.S.-China trade dispute, a strong report on the U.S. jobs...
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Federal Reserve Chairman Jerome Powell speaks at a conference, Friday, Jan. 4, 2019, in Atlanta. Powell said that he will not resign if asked to do so by President Donald Trump, a message that heartened investors who had been concerned by Trump's repeated attacks on his hand-picked choice to lead the nation's central bank. (AP Photo/Annie Rice)
January 04, 2019 - 12:24 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Friday that he will not resign if asked to do so by President Donald Trump, and that he is prepared to be patient in deciding when to raise interest rates again. Both of those messages cheered stock market investors who had been worried...
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The buildings of the banking district are reflected on the plain surface of the river Main in Frankfurt, Germany, Thursday, Jan. 3, 2019. (AP Photo/Michael Probst)
January 04, 2019 - 2:59 am
LONDON (AP) — Further signs of a cooldown in the eurozone economy emerged Friday, weighing on expectations that the European Central Bank will start raising interest rates this year. Inflation across the 19-country currency union fell in December to an eight-month low in the wake of the recent...
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FILE- In this May 17, 2018 file photo, the logo for Wells Fargo appears above a trading post on the floor of the New York Stock Exchange. Wells Fargo is paying $575 million as part of deal to resolve investigations by every state into its banking practices, which have included creating phony accounts and using manipulative sales practices. The deal also includes creating teams to review and respond to customer issues about its banking and sales practices. (AP Photo/Richard Drew, File)
December 28, 2018 - 11:12 am
NEW YORK (AP) — Wells Fargo will pay $575 million in a settlement with attorneys general from all 50 states and the District of Columbia that are investigating fake accounts opened without the knowledge of customers and a string of other dodgy practices. Under the agreement announced Friday, the...
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FILE - In this Dec. 3, 2018, file photo, Treasury Secretary Steve Mnuchin talks with reporters at the White House in Washington. Trump says he has confidence in Mnuchin, calling him a "very talented guy" and a "very smart person." (AP Photo/Evan Vucci, File)
December 25, 2018 - 10:34 am
WASHINGTON (AP) — President Donald Trump says he has confidence in Treasury Secretary Steven Mnuchin (mih-NOO'-shin), calling him a "very talented guy" and a "very smart person." Trump reiterated his view that the Federal Reserve is raising interest rates too fast, but called the independent agency...
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CORRECTS DATE - A man walks past the day's losses, of Nikkei stock index, left, and of the Dow Jones Industrial Average, right, on an electronic stock board at a securities firm in Tokyo, Tuesday, Dec. 25, 2018. Japanese stocks plunged Tuesday and other Asian markets declined following heavy Wall Street losses triggered by President Donald Trump's attack on the U.S. central bank.(Yohei Fukai/Kyodo News via AP)
December 24, 2018 - 8:37 pm
BEIJING (AP) — Japanese stocks plunged Tuesday and other Asian markets declined following heavy Wall Street losses triggered by President Donald Trump's attack on the U.S. central bank. The Nikkei 225 fell by an unusually wide margin of 5.1 percent to 19,147.45 points. The Shanghai Composite Index...
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