Financial crisis

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. Goldman Sachs reports earnings Tuesday, July 17, 2018. (AP Photo/Richard Drew, File)
July 17, 2018 - 3:14 pm
NEW YORK (AP) — Another Wall Street veteran of the financial crisis is stepping aside: Lloyd Blankfein is retiring as CEO of Goldman Sachs after 12 years at the helm of the storied investment bank. Blankfein will give way to David Solomon, a long-time Goldman executive who has been considered...
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July 12, 2018 - 1:19 pm
LONDON (AP) — A British office that prosecutes serious corruption cases says two former senior bankers have been found guilty of manipulating a key benchmark on which global interest rates are hedged. A jury convicted Philippe Moryoussef, formerly of Barclays Bank, in absentia on Thursday. He fled...
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July 05, 2018 - 9:16 am
SAN JUAN, Puerto Rico (AP) — Puerto Rico's governor says he will sue a federal control board to resolve budget differences as the U.S. territory battles an 11-year recession. Ricardo Rossello said in a statement Thursday that he seeks an injunction to stop the board from imposing an $8.76 billion...
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Iranian Interior Minister Abdolreza Rahmani Fazli speaks during a press conference in Tehran, Iran, Sunday, July 1, 2018. Fazli said only one person was wounded in clashes when gunfire erupted as Iranian security forces confronted protesters early Sunday amid demonstrations over water scarcity in the country's south. (AP Photo/Vahid Salemi)
July 01, 2018 - 7:21 am
DUBAI, United Arab Emirates (AP) — Gunfire erupted as Iranian security forces confronted protesters early Sunday amid demonstrations over water scarcity in the country's south, violence that authorities said wounded at least 11 people, mostly police. The protests around Khorramshahr, some 650...
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FILE- In this April 5, 2018, file photo, a pedestrian passes the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, June 29. (AP Photo/Richard Drew, File)
June 29, 2018 - 2:46 pm
NEW YORK (AP) — U.S. stocks are rising Friday, and banks are rallying after the Federal Reserve approved their plans to pay bigger dividends and buy back billions of dollars in stock. Nike is surging after it reported strong results in its latest quarter including improved sales in North America...
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June 29, 2018 - 11:40 am
SAN JUAN, Puerto Rico (AP) — New austerity measures are looming for storm-battered Puerto Rico after local legislators refused to alter labor laws as demanded by a federal control board that said changes would stimulate the U.S. territory's economy amid an 11-year recession. The board that is...
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FILE - In this May 11, 2018, file photo, Gov. Jerry Brown gestures toward a chart showing the increase in K-14 school funding, while discussing his revised 2018-19 state budget at a Capitol news conference in Sacramento, Calif. Brown is preparing to sign a $139 billion budget that marks a stark turnaround for a state he inherited in the throes of a financial crisis. Brown will sign a spending plan Wednesday, June 27, 2018, in Los Angeles that boosts state savings to $16 billion thanks to a massive budget surplus. The budget boosts funding for higher education, increases welfare grants and creates more slots for subsidized child care. (AP Photo/Rich Pedroncelli, File)
June 27, 2018 - 1:57 pm
SACRAMENTO, Calif. (AP) — Gov. Jerry Brown took a victory lap Wednesday after he signed a $139 billion California budget that marks a stark turnaround from the financial crisis he inherited almost eight years ago. Nearing the end of his second two-term stint as governor, Brown has celebrated the...
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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...
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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...
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German finance minister Olaf Scholz speaks during a party meeting of Hamburg's Social Democrats in Hamburg, Germany, Saturday, June 9, 2018. (Markus Scholz/dpa via AP)
June 09, 2018 - 9:39 am
FRANKFURT, Germany (AP) — Germany's finance minister is urging bolder steps to strengthen the 19-country euro currency union by setting up a fund to help member states suddenly hit with high unemployment, and by laying the foundations for a European Union-wide tax system. Finance Minister Olaf...
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