Financial services

In this Nov. 2, 2018 photo, a sign in the window at Sears promises that "This isn't goodbye," at the Livingston Mall in Livingston, N.J. Sears is closing 80 more stores as it teeters on the brink of liquidation. The 130-year old retailer set a deadline of Friday, Dec. 28, 2018 for bids for its remaining stores to avert closing down completely. (AP Photo/Ted Shaffrey)
December 28, 2018 - 10:03 pm
NEW YORK (AP) — Sears Chairman Eddie Lampert's hedge fund said it submitted a last-minute bid Friday valued at $4.4 billion to keep the struggling retailer from being liquidated. Transform Holdco LLC, an affiliate of the ESL Investments hedge fund that Lampert heads, said it hoped to keep 425...
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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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A picture of President Donald Trump is displayed on a computer on the floor of the New York Stock Exchange in New York, Monday, Dec. 24, 2018. (AP Photo/Seth Wenig)
December 24, 2018 - 7:37 pm
BEIJING (AP) — The Latest on the world's financial markets (all times local): noon Japan's main stock index has plunged following heavy Wall Street losses triggered by President Donald Trump's Christmas Eve criticism of the Federal Reserve. The Nikkei 225 lost 5.1 percent on Tuesday to 19,147.45...
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December 24, 2018 - 12:09 pm
Stocks plunged Monday, with the Dow Jones Industrial Average falling 653 points following President Trump's tweet attacking the Federal Reserve and its independence. Technology companies, health care stocks and banks took some of the heaviest losses in the broad sell-off. Trading volume was low as...
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Federal Reserve Chairman Jerome Powell speak at a news conference in Washington, Wednesday, Dec. 19, 2018. The Federal Reserve is raising its key interest rate for the fourth time this year to reflect the U.S. economy's continued strength but signaling that it expects to slow hikes next year. (AP Photo/Susan Walsh)
December 24, 2018 - 11:13 am
President Donald Trump lashed out at the Federal Reserve on Monday after administration officials spent the weekend trying to assure the public and financial markets that Jerome Powell's job as Fed chairman was safe. "The only problem our economy has is the Fed," the president tweeted Monday. "They...
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December 24, 2018 - 2:39 am
JERUSALEM (AP) — The Bank of Israel's new governor says the country's financial stability should not be taken for granted in a period of "numerous changes in financial markets." Amir Yaron took office Monday following several weeks of volatility in Israeli and international markets. At a ceremony...
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December 24, 2018 - 1:38 am
NICOSIA, Cyprus (AP) — The chief of the Cyprus Association of Banks say Cypriot lenders are concerned that their adoption of some of the toughest anti-money laundering regulations in the world has not been fully recognized abroad. Association Director Michalis Kammas told The Associated Press...
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FILE - In this Dec. 3, 2018, file photo, Treasury Secretary Steven Mnuchin talks with reporters at the White House, in Washington. Mnuchin says that the negative market reaction following the Federal Reserve's rate hike was "completely overblown." (AP Photo/Evan Vucci, File)
December 23, 2018 - 4:49 pm
WASHINGTON (AP) — U.S. Treasury Secretary Steven Mnuchin called the CEOs of six major banks Sunday in an apparent attempt to reassure jittery financial markets coming off a turbulent week in the stock market that is now bracing for potential repercussions from a partial shutdown of the U.S...
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