Banking and credit

FILE - In this Thursday, Oct. 25, 2018 file photo, the President of European Central Bank Mario Draghi waits for the beginning of a press conference following the meeting of the governing council in Frankfurt, Germany. Draghi warns that slowing world trade is proving to be a drag on the eurozone economy but says the current expansion remains “resilient” as consumers at home remain willing to spend and unemployment falls thanks to pro-business reforms. Draghi said in a speech Friday, Nov. 16, 2018 in Frankfurt that “there is certainly no reason why the expansion in the euro area should abruptly come to an end.” (AP Photo/Michael Probst, File)
November 16, 2018 - 5:39 am
FRANKFURT, Germany (AP) — The head of the European Central Bank indicated a first interest rate increase could be postponed if unexpected trouble strikes the 19 countries that use the euro as their currency. Mario Draghi warned in a speech Friday the current economic expansion remains "resilient"...
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FILE- In this Oct. 31, 2018, file photo Federal Reserve Chair Jerome Powell looks over papers as the Federal Reserve Board holds a meeting in Washington. The Federal Reserve says it will conduct a wide-ranging review next year of the strategies and tools it uses to achieve its congressionally mandated goals of maximum employment and price stability. The Fed says the review will also examine ways the Fed communicates with the public. (AP Photo/Jacquelyn Martin, File)
November 15, 2018 - 3:57 pm
WASHINGTON (AP) — The Federal Reserve announced Thursday that it plans to conduct a wide-ranging review next year of the strategies and tools it uses to achieve its congressionally mandated goals of maximum employment and price stability. The Fed said the review will also examine ways it...
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Dudley Devine, right, works with fellow traders on the floor of the New York Stock Exchange, Wednesday, Nov. 14, 2018. Energy companies led U.S. stocks broadly higher in early trading Wednesday, wiping out some of the market's losses from a day earlier. (AP Photo/Richard Drew)
November 14, 2018 - 10:10 pm
BEIJING (AP) — Most Asian stock markets declined Thursday after Wall Street fell for a fifth day and Britain's Cabinet endorsed a draft agreement to leave the European Union. KEEPING SCORE: Tokyo's Nikkei 225 lost 0.7 percent to 21,686.71 points and Sydney's S&P-ASX 200 retreated 0.6 percent to...
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November 13, 2018 - 1:18 am
DUBAI, United Arab Emirates (AP) — Higher oil prices are helping to offset increases in public spending by the Middle East's oil exporting heavyweights like Saudi Arabia, with these countries narrowing their budget deficit by $77 billion, the International Monetary Fund said on Tuesday. The...
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FILE- In this June 14, 2018, file photo Federal Reserve Board Governor Lael Brainard participates in an open meeting in Washington. The Federal Reserve says it will begin issuing a new report assessing the stability of the U.S. financial system. Brainard says that the 2008 financial crisis showed that a "resilient financial system is critical for a healthy economy." (AP Photo/Cliff Owen, File)
November 09, 2018 - 6:07 pm
WASHINGTON (AP) — The Federal Reserve said Friday it will begin issuing a new report twice a year assessing the stability of the U.S. financial system. The Fed said the first report will be issued on Nov. 28. It will provide information on potential financial vulnerabilities tracked by the central...
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An investor walks in front of private stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Friday, Nov. 9, 2018. Asian stock markets fell Friday after a post-election Wall Street rally faded amid expectations of U.S. interest rate hikes despite the Federal Reserve's decision to hold off this week. (AP Photo/Yam G-Jun)
November 09, 2018 - 12:15 am
BEIJING (AP) — Asian stock markets fell Friday after a post-election Wall Street rally faded and the U.S. Federal Reserve suggested it will keep raising interest rates. KEEPING SCORE: The Shanghai Composite Index lost 1.3 percent to 2,614.37 and Tokyo's Nikkei 225 retreated 0.8 percent to 22,310.16...
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Traders Eric Schumacher, left, and Richard Deviccaro work on the floor of the New York Stock Exchange, Thursday, Nov. 8, 2018. Stocks are opening modestly lower on Wall Street as the market gives back some of its big gains from the day before. (AP Photo/Richard Drew)
November 08, 2018 - 10:35 pm
BEIJING (AP) — Asian stock markets fell Friday after a post-election Wall Street rally faded amid expectations of U.S. interest rate hikes despite the Federal Reserve's decision to hold off this week. KEEPING SCORE: The Shanghai Composite Index lost 0.8 percent to 2,614.37 and Tokyo's Nikkei 225...
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FILE- In this Oct. 31, 2018, file photo Federal Reserve Chair Jerome Powell, left, and Randal Quarles, vice chair for supervision, gather their things at the end of a Federal Reserve Board meeting at the Marriner S. Eccles Federal Reserve Board Building in Washington. On Thursday, Nov. 8, the Federal Reserve releases its latest monetary policy statement after a two-day meeting. (AP Photo/Jacquelyn Martin, File)
November 08, 2018 - 3:05 am
WASHINGTON (AP) — The Federal Reserve appears on track to raise interest rates once more this year but will likely hold off on any action when its latest policy meeting ends Thursday. Still, investors will be parsing the statement the Fed will issue after its meeting for any sign that it might be...
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FILE- In this June 27, 2018, file photo House Financial Services Committee ranking member Rep. Maxine Waters, D-Calif., asks a question during a hearing on Capitol Hill in Washington. With Democrats taking control of the House of Representatives, Waters is now expected to become chairwoman of the powerful House Financial Services Committee, the committee that oversees the nation’s banking system and its regulators. (AP Photo/Jacquelyn Martin, File)
November 07, 2018 - 6:46 pm
NEW YORK (AP) — Come January, the banking industry is going to be on Rep. Maxine Waters' time. With Democrats taking control of the House of Representatives, the California representative is expected to become chairwoman of the powerful House Financial Services Committee, which oversees the nation'...
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November 02, 2018 - 1:33 pm
FRANKFURT, Germany (AP) — The European Central Bank says a continent-wide stress test shows banks are more resilient against financial panics than they were in the last set of tests two years ago. The ECB says 33 big banks it supervises came through a simulated recession and market crash and were...
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