Banking and credit

FILE - In this Jan. 15, 2015, file photo, a Citibank sign hangs above a branch office in New York. Citigroup is agreeing to pay $100 million to settle charges that its bankers manipulated an important interest rate used to price everything from credit cards to mortgages. (AP Photo/Mark Lennihan, File)
June 15, 2018 - 2:26 pm
NEW YORK (AP) — Citigroup agreed Friday to pay $100 million to settle charges that its bankers manipulated an important interest rate used to price everything from credit cards to mortgages. It is the latest major bank to settle charges related to the manipulation of the London Interbank Offered...
Read More
June 14, 2018 - 2:59 pm
WASHINGTON (AP) — The Federal Reserve has set limits aimed at addressing one of the leading causes of the 2008 financial crisis — the buildup of loans extended by one bank to another among the biggest Wall Street institutions. The Fed unveiled a new rule Thursday that caps a big bank's credit...
Read More
FILE - In this Thursday, May 24, 2018 file photo, President of the European Central Bank Mario Draghi arrives for an eurogroup meeting at the Europa building in Brussels. The European Central Bank said Thursday, June 14 it will phase out at year-end the bond-buying stimulus program credited with helping the 19 countries that use the euro recover from the Great Recession and eurozone debt crisis. The bank's move toward the exit comes a day after the U.S. Federal Reserve decide to make its second interest rate increase this year and indicated more were coming. ECB President Mario Draghi says the bank's policy of easy money has helped create millions of new jobs, with unemployment falling from over 12 percent during the crisis to 8.5 percent. (AP Photo/Geert Vanden Wijngaert, file)
June 14, 2018 - 2:11 pm
RIGA, Latvia (AP) — Two of the globe's most powerful central banks are gradually withdrawing the easy money policies that helped repair the damage wrought by the Great Recession and push stock markets to record highs. It's a sign of confidence in the economy, but with uncertain consequences for...
Read More
FILE- In this Jan. 30, 2018, file photo, several ship to shore cranes work a vessel at the Georgia Ports Authority's Port of Savannah loading and unloading container in Savannah, Ga. On Thursday, June 14, the International Monetary Fund issues its annual assessment of the U.S. economy at a news conference with IMF Managing Director Christine Lagarde. (AP Photo/Stephen B. Morton, File)
June 14, 2018 - 1:34 pm
WASHINGTON (AP) — The International Monetary Fund believes the U.S. economy will post solid growth this year and next, helped by a sizable boost from tax cuts. But then it says growth will slide as huge budget deficits drag growth far below the Trump administration's goals. In its annual assessment...
Read More
FILE - In this Thursday, Jan. 1, 2015 file photo, euro coins and banknotes are shown by a salesclerk at a shop in Vilnius, Lithuania. Italy's economy minister says the new populist government isn't discussing any proposal to leave the eurozone. Minister Giovanni Tria, in an interview Sunday, June 10, 2018 in Corriere della Sera newspaper, said "not only do we not want to exit" the 19-member shared currency union, but the coalition is determined to act so conditions don't occur to "put our presence in the euro(zone) up for discussion." (AP Photo/Mindaugas Kulbis, File)
June 14, 2018 - 9:59 am
RIGA, Latvia (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local): 4:30 p.m. In response to a question about populist politicians' claim that the euro is not good for some countries, the head of the European Central Bank says the shared currency is irreversible...
Read More
People walk by an electronic stock board of a securities firm in Tokyo, Thursday, June 14, 2018. Asian stock markets slumped on Thursday with South Koreans stocks plunging 1.6 percent on the first day of trading after an unprecedented summit between leaders of North Korea and the United States. Stocks plunged after Federal Reserved hiked its key rate and signaled an acceleration in its pace of rate increase. (AP Photo/Shuji Kajiyama)
June 14, 2018 - 7:16 am
SEOUL, South Korea (AP) — Global stocks slumped Thursday after the U.S. Federal Reserve raised its key interest rate and said it would pick up the pace of future increases. Eyes are now on the European Central Bank, which is discussing Thursday when it might end its stimulus program. KEEPING SCORE...
Read More
FILE- In this April 24, 2018, file photo, replicas of Arturo Di Modica's "Charging Bull" are for sale on a street vendor's table outside the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, June 13. (AP Photo/Mary Altaffer, File)
June 14, 2018 - 12:27 am
SEOUL, South Korea (AP) — Asian stocks slumped Thursday after the U.S. Federal Reserve raised its key interest rate and said it would pick up the pace of future increases. South Korea's market benchmark tumbled 1.6 percent on the first trading day after a meeting of U.S. and North Korean leaders...
Read More
FILE- In this March 21, 2018, file photo, Federal Reserve Chairman Jerome Powell speaks following the Federal Open Market Committee meeting in Washington. Investors are eagerly awaiting the updated economic forecasts the Fed will issue when its meeting ends Wednesday, June 13. (AP Photo/Carolyn Kaster, File)
June 13, 2018 - 6:32 am
WASHINGTON (AP) — The Latest on the Federal Reserve policy meeting (all times local): 6:30 a.m. Stocks are edging up ahead of an interest rate meeting by the Federal Reserve. Futures for the Dow are up 0.1 percent and those for the S&P 500 are 0.2 percent higher. European indexes are up, with...
Read More
A couple look at an electronic stock board of a securities firm in Tokyo, Wednesday, June 13, 2018. Asian stocks mostly fell Wednesday after a muted market response to the Trump-Kim summit. Investors have now turned their eyes to the trio of this week's central bank meetings. (AP Photo/Koji Sasahara)
June 13, 2018 - 5:14 am
TOKYO (AP) — Global shares mostly fell Wednesday but Japan's benchmark finished slightly higher after a muted market response to the U.S.-North Korean summit. Investors have now turned their eyes to this week's three central bank meetings. KEEPING SCORE: France's CAC 40 was up 0.2 percent in early...
Read More
In a photo made with a pulled-zoom effect, a man watches stock prices at a brokerage house in Beijing, Tuesday, June 12, 2018. Asian shares were mostly higher Tuesday but little changed as market players tried to digest the summit between President Donald Trump and North Korean leader Kim Jong Un in Singapore. (AP Photo/Andy Wong)
June 12, 2018 - 10:03 am
NEW YORK (AP) — U.S. and global stock markets were mostly higher Tuesday as investors worked through the outcome of the meeting between President Donald Trump and North Korean leader Kim Jong Un. KEEPING SCORE: The Dow Jones industrial average was down 23 points, or 0.1 percent, to 25,299 as of 9:...
Read More

Pages