Banking and credit

A special gong is prepared for the launch of the SSE STAR Market in the hall of Shanghai Securities Exchange in Shanghai, China, Monday, July 22, 2019. Trading started Monday on a Chinese stock market for high-tech companies that play a key role in official development plans that are straining relations with Washington. (Chinatopix via AP)
July 22, 2019 - 5:07 am
TOKYO (AP) — Global shares were mostly lower Monday, tracking losses on Wall Street, though a newly launched technology stocks market in Shanghai soared with its trading debut. France's CAC 40 edged 0.2% higher to 5,562.84, while Germany's DAX also gained 0.2% to 12,291.87. Britain's FTSE 100...
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Trader Fred Reimer works on the floor of the New York Stock Exchange, Friday, July 19, 2019. U.S. stocks moved broadly higher in early trading on Wall Street Friday and chipped away at the week's losses. (AP Photo/Richard Drew)
July 19, 2019 - 12:34 pm
NEW YORK (AP) — U.S. stocks edged higher on Wall Street Friday, chipping away at the week's losses. Markets have been volatile throughout the week as investors assess the latest corporate earnings reports. Financial results have so far been mixed. The S&P 500 closed at a record high on Monday...
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FILE - This June 13, 2019, file photo shows a new home is for sale in Mechanicsville, Va. On Thursday, July 18, Freddie Mac reports on this week's average U.S. mortgage rates. (AP Photo/Steve Helber, File)
July 18, 2019 - 1:29 pm
WASHINGTON (AP) — U.S. long-term mortgage rates rose this week after three weeks of holding steady, tipped higher by expectations that the Federal Reserve could reduce interest rates soon. Mortgage buyer Freddie Mac said Thursday the average rate on the benchmark 30-year mortgage increased to 3.81...
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Bank of Korea Gov. Lee Ju-yeol speaks during a press conference in Seoul, South Korea, Thursday, July 18, 2019. South Korea's central bank on Thursday cut its policy rate for the first time in three years to combat a faltering economy that faces further risks from a heated trade dispute with Japan. (AP Photo/Ahn Young-joon)
July 18, 2019 - 3:25 am
SEOUL, South Korea (AP) — South Korea's central bank on Thursday cut its policy rate for the first time in three years to shore up growth threatened by a trade dispute with Japan. The Bank of Korea lowered its key interest rate by a quarter percentage point to 1.50% following a meeting of its...
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Facebook CEO Mark Zuckerberg's face is visible on a mock "Zuck Buck" depicted on a screen behind David Marcus, CEO of Facebook's Calibra digital wallet service, as he is questioned by Rep. Brad Sherman, D-Calif., during a House Financial Services Committee hearing on Facebook's proposed cryptocurrency on Capitol Hill in Washington, Wednesday, July 17, 2019. (AP Photo/Andrew Harnik)
July 17, 2019 - 5:05 pm
WASHINGTON (AP) — Facebook endured a second day of criticism from Congress over its plan to create a digital currency as senior House Democrats asked Facebook to scale back the project and threatened legislation that would block big tech companies from getting into banking. Facebook's massive...
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FILE - In this July 5, 2019, file photo workers dismantle a riser, with the Washington Monument and Lincoln Memorial Reflecting Pool behind, as clean up is underway after Fourth of July celebrations in Washington. On Wednesday, July 17, the Federal Reserve releases its latest "Beige Book" survey of economic conditions. (AP Photo/Alex Brandon, File)
July 17, 2019 - 2:28 pm
WASHINGTON (AP) — The Federal Reserve's latest nationwide survey released Wednesday reveals that despite growing worries about the impact of President Donald Trump's trade battles, the overall economy remained solid. The Fed said that many of its 12 regions saw slight gains in retail sales and home...
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In this Monday, July 15, 2019 photo a customer departs a Bank of America ATM, in Norwood, Mass. Bank of America Corp. reports earnings Wednesday, July 17. (AP Photo/Steven Senne)
July 17, 2019 - 7:58 am
NEW YORK (AP) — Bank of America's second-quarter profits rose by 8% from a year earlier, the company said Wednesday, as the consumer banking giant has benefitted greatly from the rise in interest rates as well as consumers and businesses more willing to borrow. The bank earned $7.35 billion, or 74...
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In this Nov. 29, 2018 photo a Chase Bank logo is attached to an exterior wall at a bank location, in Dedham, Mass. JP Morgan Chase reports financial results on Tuesday, July 16, 2019. (AP Photo/Steven Senne)
July 16, 2019 - 9:47 am
NEW YORK (AP) — Banking giant JPMorgan Chase & Co. said Tuesday that its second quarter profits grew by 16% from a year ago, helped by lower taxes and the ability to charge businesses and consumers more to borrow money. The nation's largest bank by assets said Tuesday that it earned $9.65...
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In this July 10, 2019, photo a Wells Fargo building is shown in downtown Minneapolis. JP Morgan Chase reports financial results on Tuesday, July 16, 2019. Wells Fargo & Co. reports financial results on Tuesday, July 16. (AP Photo/Jim Mone)
July 16, 2019 - 9:01 am
SAN FRANCISCO (AP) — Consumer banking giant Wells Fargo reported better-than-expected earnings for the second quarter on Tuesday, despite remaining under heavy restrictions by regulators for an assortment of scandals in recent years. The San Francisco-based bank reported second-quarter earnings of...
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FILE - In this Dec. 13, 2016, file photo, the logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. The Goldman Sachs Group Inc. reports financial results on Tuesday, July 16, 2019. (AP Photo/Richard Drew, File)
July 16, 2019 - 8:20 am
NEW YORK (AP) — Goldman Sachs said its second quarter profit fell 6% from a year earlier, as the Wall Street firm saw declines across most of its businesses. However the results were much better than what analysts' had forecast, pushing shares higher in premarket trading. The New York-based bank...
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