Banking and credit

May 03, 2018 - 11:13 pm
WILMINGTON, Del. (AP) — Prosecutors say four former Wilmington Trust executives convicted of fraud and conspiracy were victims of their own arrogance. Former bank president Robert Harra Jr., former chief credit officer William North, former chief financial officer David Gibson and former controller...
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May 03, 2018 - 4:39 am
COPENHAGEN, Denmark (AP) — Danish regulators said Thursday that there were "serious shortcomings" in the anti-money laundering operations of Danske Bank' activities in Estonia. The authority's head, Jesper Berg, says Danske Bank "responded too late to information" about lacking money laundering...
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A Southeastern Pennsylvania Transportation Authority bus (SEPTA) turns onto Market Street in Philadelphia, Wednesday, May 2, 2018. Lawyers for an investigative reporting organization are suing Philadelphia's main transit agency after it refused to run ads about the group's stories on racial disparities in mortgage lending. (AP Photo/Matt Rourke)
May 02, 2018 - 11:19 am
PHILADELPHIA (AP) — Lawyers for an investigative reporting organization are suing the Philadelphia region's main transit agency after it refused to run ads about the group's stories on racial disparities in mortgage lending. The American Civil Liberties Union, along with co-counsel representing the...
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A woman walks by an electronic stock board of a securities firm in Tokyo, Wednesday, May 2, 2018. Shares are mixed in Asia after a topsy-turvy May Day session on Wall Street, where most benchmarks recovered from early losses as Apple led a rally in technology companies. (AP Photo/Koji Sasahara)
May 02, 2018 - 5:16 am
BANGKOK (AP) — Shares were higher in Europe on Wednesday after a day of losses in most Asian markets. Investors are looking ahead to Federal Reserve meeting and to China-U.S. trade talks later in the week. KEEPING SCORE: Germany's DAX added 1.2 percent to 12,756.54 and the CAC 40 of France gained 0...
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FILE - This June 19, 2015, file photo shows the Marriner S. Eccles Federal Reserve Board Building in Washington. The central bank is meeting this week as its board is undergoing a makeover, with a raft of new appointees by President Donald Trump who appear generally supportive of the Fed’s cautious approach to rates since the Great Recession ended. (AP Photo/Andrew Harnik, File)
May 02, 2018 - 3:13 am
WASHINGTON (AP) — The Federal Reserve achieved an inflation milestone this week, but that isn't likely to alter expectations for what the Fed will announce when its latest policy meeting ends Wednesday. After six years of mostly missing its annual 2 percent target for inflation, the Fed learned...
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In this Tuesday, May 1, 2018 photo, Jihad Azour, the International Monetary Fund Director of the Middle East and Central Asia talks with the The Associated Press at the Dubai International Financial Center in Dubai, United Arab Emirates. The International Monetary Fund says nearly 23 percent of the Mideast’s youth are unemployed and warns that unless deeper reforms are made, millions of Arab youth entering the labor market each year may not find jobs_ a key source of frustration during 2011’s Arab Spring protests. (AP Photo/Kamran Jebreili)
May 02, 2018 - 1:42 am
DUBAI, United Arab Emirates (AP) — The International Monetary Fund said Wednesday that nearly a quarter of the Middle East's youth are unemployed, warning that unless deeper reforms are made, millions of young people entering the labor market each year may not find jobs. The IMF says current levels...
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FILE- In this Oct. 24, 2017, file photo, people pass the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, April 26, 2018. (AP Photo/Richard Drew, File)
April 26, 2018 - 11:52 pm
BEIJING (AP) — Asian stock markets followed Wall Street higher on Friday after reports of strong U.S. earnings, as investors watched the inter-Korean summit. KEEPING SCORE: The Shanghai Composite Index sank 0.7 percent to 3,052.32, but Tokyo's Nikkei 225 rose 0.5 percent to 22,441.28. Hong Kong's...
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FILE - In this Thursday, Dec. 14, 2017 file photo, President of the European Central Bank Mario Draghi speaks during a news conference in Frankfurt, Germany. Weaker signals from the economy and worries about a trade war between the United State and China mean the European Central Bank is in no hurry at all to start withdrawing its monetary stimulus efforts. And that means markets and consumers will have to live with central bank interest rates at zero and in some cases below for a good while yet. (AP Photo/Michael Probst, file)
April 26, 2018 - 7:56 am
FRANKFURT, Germany (AP) — The European Central Bank has left its key interest rates and stimulus settings unchanged as it sizes up conflicting signs about how well the economy is doing in the 19 countries that use the euro. Markets are waiting to hear bank President Mario Draghi's assessment at a...
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FILE - The Feb. 1, 2018 file photo shows the towers of the Deutsche Bank in Frankfurt, Germany, Thursday. Deutsche Bank will present the figures of the first quarter 2018 on Thursday, April 26, 2018. (AP Photo/Michael Probst, file)
April 26, 2018 - 6:23 am
FRANKFURT, Germany (AP) — Deutsche Bank will take another step back from its decades-long global expansion, announcing Thursday that it will focus its investment banking business more on Europe and reduce operations in the U.S. and Asia. The bank made the announcement after reporting a fall in net...
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Treasury Secretary Steve Mnuchin speaks during a news conference at World Bank/IMF Spring Meetings, in Washington, Saturday, April 21, 2018. ( AP Photo/Jose Luis Magana)
April 22, 2018 - 1:37 am
WASHINGTON (AP) — The International Monetary Fund and the World Bank repeatedly warned at their meetings this week that intensifying trade tensions could jeopardize a healthy global economic expansion. But U.S. Treasury Secretary Steven Mnuchin expressed cautious optimism Saturday that countries...
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