Banking and credit

FILE - In this May 1, 2019 file photo, Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee, in Washington. Federal Reserve officials at their recent meeting believed the central bank could remain “patient” in deciding when to adjust interest rates, though some officials thought future rate hikes might still be needed. In minutes of the April 30-May 1 discussions, Fed officials note that prospects for the U.S. and global economy had been improving, while inflation had fallen farther below the Fed’s 2% target. (AP Photo/Patrick Semansky, File)
May 22, 2019 - 11:22 am
WASHINGTON (AP) — Federal Reserve officials at their recent meeting believed the central bank could remain "patient" in deciding when to adjust interest rates, though some officials thought future rate hikes might still be needed. In minutes of the April 30-May 1 discussions released Wednesday, Fed...
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May 20, 2019 - 4:00 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says a sharp rise in corporate debt is being closely monitored but currently the Fed does not see the types of threats that triggered the 2008 financial crisis. In remarks prepared for a banking conference in Fernandina Beach, Florida, Powell...
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May 13, 2019 - 1:04 pm
MOSCOW (AP) — A Ukrainian court has rejected an appeal of a lower court ruling that said the nationalization of the country's largest commercial bank had been illegal. Ukraine's central bank requested the appeal refused Monday. The National Bank of Ukraine said it would ask a higher appeals court...
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May 12, 2019 - 12:01 pm
ISLAMABAD (AP) — The International Monetary Fund says it has reached a preliminary agreement with Pakistan for a $6 billion bailout over the next three years to finance sweeping economic reforms. IMF envoy Ernesto Ramirez Rigo said in a statement Sunday that the two sides have reached a "staff...
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May 08, 2019 - 2:19 pm
LOS ANGELES (AP) — Attorneys general from 33 states on Wednesday urged Congress to approve a proposal intended to fully open the doors of the U.S. banking system to the legal marijuana industry. Most Americans live in states where marijuana is legally available in some form. But most banks don't...
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President Donald Trump speaks during a National Day of Prayer event in the Rose Garden of the White House, Thursday, May 2, 2019, in Washington. (AP Photo/Evan Vucci)
May 02, 2019 - 11:56 am
WASHINGTON (AP) — Stephen Moore, a conservative commentator whom President Donald Trump had tapped for the Federal Reserve board, withdrew from consideration Thursday after losing Republican support in the Senate, largely over his past inflammatory writings about women. Trump tweeted the news of...
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FILE - In this March 18, 2019, file photo trader Craig Esposito, left, works with specialists Peter Mazza, center, and Vera Liu on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, May 2. (AP Photo/Richard Drew, File)
May 02, 2019 - 11:15 am
Stocks fell broadly on Wall Street in afternoon trading Thursday as investors reviewed a mostly mixed batch of corporate earnings reports. Technology and communications companies accounted for much of the sell-off. Energy stocks took the heaviest losses as the price of crude oil slumped. Real...
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May 02, 2019 - 4:36 am
LONDON (AP) — The British economy is likely to weaken as firms stop rushing to prepare for a Brexit date that has now been delayed by months, the Bank of England said Thursday. In quarterly economic forecasts published alongside the unanimous decision to keep the main interest rate at 0.75 percent...
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An investor stands in front of stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Thursday, May 2, 2019. Asian stocks were mixed on Thursday after the U.S. Federal Reserve kept its benchmark interest rate intact and steered clear of suggesting that a cut was possible this year. Trading was light as markets in Japan and mainland China were closed. (AP Photo/Annice Lyn)
May 01, 2019 - 11:52 pm
SINGAPORE (AP) — Asian stocks were mixed on Thursday after the U.S. Federal Reserve kept its benchmark interest rate intact and steered clear of suggesting that a cut was possible this year. Trading was light with markets in Japan and mainland China closed. Hong Kong's Hang Seng rose 0.6% to 29,882...
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FILE- In this Feb. 27, 2019, file photo Federal Reserve Board Chair Jerome Powell gestures while speaking before the House Committee on Financial Services hearing on Capitol Hill in Washington. On Wednesday, May 1, the Federal Reserve releases its latest monetary policy statement after a two-day meeting. (AP Photo/Pablo Martinez Monsivais, File)
May 01, 2019 - 11:08 am
WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday and signaled that no rate hikes are likely in coming months amid signs of renewed economic health but unusually low inflation. The Fed left its benchmark rate — which influences many consumer and business loans —...
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