Financial crisis

FILE - This July 15, 2013, file photo, shows the New York Stock Exchange. U.S. stocks faded a bit from their record highs in early trading Friday, Oct. 6, 2017, and the Standard & Poor’s 500 index was on pace to snap its longest winning streak in four years. (AP Photo/Mark Lennihan, File)
June 28, 2017 - 11:09 pm
HONG KONG (AP) — Asian shares rallied Thursday following Wall Street's rebound as investors regained confidence in the global economic outlook. KEEPING SCORE: Japan's benchmark Nikkei 225 index rose 0.6 percent to 20,242.63 and South Korea's Kospi advanced 0.7 percent to 2,399.41. Hong Kong's Hang...
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FILE - In this Thursday, Oct. 13, 2016, file photo, commuters walk by a Wells Fargo ATM location at New York's Penn Station. On Wednesday, June 28, 2017, the Federal Reserve gave the green light to all 34 of the biggest banks in the U.S. to raise their dividends and buy back shares, judging their financial foundations sturdy enough to withstand a major economic downturn. Those allowed to raise dividends or repurchase shares include the four biggest U.S. banks: JPMorgan Chase, Bank of America, Citigroup and Wells Fargo. (AP Photo/Swayne B. Hall, File)
June 28, 2017 - 5:11 pm
WASHINGTON (AP) — The Federal Reserve has given the green light to all 34 of the biggest banks in the U.S. to raise their dividends and buy back shares, judging their financial foundations sturdy enough to withstand a major economic downturn. It was the first time in seven years of annual "stress...
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June 27, 2017 - 10:52 pm
SAN JUAN, Puerto Rico (AP) — A federal control board overseeing Puerto Rico's finances rejected the U.S. territory's proposed budget on Tuesday because it said it lacks at least $200 million in specific cost-saving measures and contains nearly $120 million in overspending and ineligible...
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U.S. Fed Chair Janet Yellen speaks during a discussion with Lord Nicholas Stern, President of the British Academy, at Carlton House Terrace of the British Academy in London, Tuesday, June 27, 2017.(AP Photo/Frank Augstein)
June 27, 2017 - 4:59 pm
LONDON (AP) — Federal Reserve Chair Janet Yellen said Tuesday that she believes banking regulators have made enough improvements to the financial system that the world will not experience another financial crisis "in our lifetimes." Addressing an audience at the British Academy in London on Tuesday...
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U.S. Fed Chair Janet Yellen smiles as she arrives for a discussion with Lord Nicholas Stern, President of the British Academy, at Carlton House Terrace of the Britsih Academy in London, Tuesday, June 27, 2017.(AP Photo/Frank Augstein)
June 27, 2017 - 2:49 pm
LONDON (AP) — Federal Reserve Chair Janet Yellen said Tuesday that banking reforms now in place have made the financial system safer, and the world should be able to avoid the type of devastating crisis that struck the global economy in 2008. Speaking at the British Academy in London, Yellen said...
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June 27, 2017 - 1:24 am
BEIJING (AP) — China's top economic official tried to quell fears surging debt might threaten growth, saying Tuesday financial risks are "generally under control" and Beijing can achieve this year's development targets. Speaking at a meeting of the World Economic Forum in the northeastern city of...
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This cover image released by Random House shows "Behold the Dreamers," a novel by Imbolo Mbue and Oprah Winfrey’s latest selection for Oprah's Book Club. (Random House via AP)
June 26, 2017 - 9:08 am
NEW YORK (AP) — Imbolo Mbue, whose debut novel "Behold the Dreamers" is Oprah Winfrey's latest selection, owes her career in part to the talk-show host. "Years ago, I went to the library one day in Falls Church, Virginia, to borrow a book and saw a shelf that only had Oprah book club picks," Mbue,...
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FILE - In this Thursday, March 23, 2017, file photo, Federal Reserve Chair Janet Yellen steps offstage after speaking at the Federal Reserve System Community Development Research Conference in Washington. There isn’t much suspense about what the Fed will announce when its latest policy meeting ends: That it’s raising its key short-term rate for the third time in six months. But anticipation surrounds the possibility that the Fed could signal policy shifts in a statement it will issue, in updated economic forecasts and in a news conference with Yellen. (AP Photo/Cliff Owen, File)
June 14, 2017 - 2:09 pm
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): ___ 2:05 p.m. Federal Reserve policymakers lowered their forecasts for inflation and unemployment, and continued to predict they would raise rates once more this year. Fed officials now expect the U.S...
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June 14, 2017 - 6:01 am
BEIJING (AP) — The International Monetary Fund urged China on Monday to speed up reforms meant to slow surging growth of debt that is fueling concern about the stability of its financial system. The announcement adds to mounting warnings China's rapid run-up in debt due to reliance on lending to...
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June 14, 2017 - 5:00 am
BEIJING (AP) — The International Monetary Fund has urged China to speed up reforms meant to slow surging growth of debt that is fueling concern about the stability of its financial system. The IMF's first deputy managing director, David Lipton, said Tuesday after meeting Chinese officials the...
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