Banking and credit

FILE - In this April 4, 2018, file photo, Paul Manafort, President Donald Trump's former campaign chairman, leaves the federal courthouse in Washington. (AP Photo/Andrew Harnik, File)
February 15, 2019 - 7:38 pm
WASHINGTON (AP) — Paul Manafort, the one-time chairman of Donald Trump's presidential campaign, could spend more than 19 years in prison on tax and bank fraud charges, prosecutors said Friday. Court documents filed by special counsel Robert Mueller's office reveal that Manafort faces possibly the...
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FILE - In this June 27, 2017 file photo, the proprietor of a medical marijuana dispensary prepares his monthly tax payment, over $40,000 in cash, at his Los Angeles store. Congress on Wednesday, Feb. 13, 2019, was urged to fully open the doors of the nation's banking system to the legal marijuana industry, a change that supporters say would reduce the risk of crime and resolve a litany of problems for pot companies from paying taxes to getting a loan. (AP Photo/Jae C. Hong, File)
February 13, 2019 - 6:45 pm
LOS ANGELES (AP) — Bank officials and others urged Congress on Wednesday to fully open the doors of the U.S. banking system to the legal marijuana industry, a change that supporters say would reduce crime risks and resolve a litany of challenges for cannabis companies, from paying taxes to getting...
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February 12, 2019 - 12:06 pm
ITTA BENA, Miss. (AP) — Federal Reserve Chairman Jerome Powell does not feel the probability of a recession "is at all elevated," and that the country is continuing to see solid economic growth. But in a visit to a historically black university in the Mississippi Delta, Powell says that many rural...
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Lebanese Prime Minister Saad Hariri reacts after receiving a $100 bill from a moderator who said he could keep it if he sold him on investing in Lebanon during the World Government Summit in Dubai, United Arab Emirates, Sunday, Feb. 10, 2019. At the summit on Sunday, Hariri urged investment in Lebanon as it faces an economic crisis that has seen thousands of people laid off and one of the highest public debts in the world. (AP Photo/Jon Gambrell)
February 10, 2019 - 5:53 am
DUBAI, United Arab Emirates (AP) — The head of the International Monetary Fund warned Sunday that the British exit from the European Union means it "will never be as good as it is now" for the country's economy. Christine Lagarde spoke at the World Government Summit in Dubai, which also saw...
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High Representative of the European Union for Foreign Affairs and Security Policy Federica Mogherini arrives for the the inaugural meeting of the International Contact Group on Venezuela, in Montevideo, Uruguay, Thursday, Feb. 7, 2019. (AP Photo/Matilde Campodonico)
February 07, 2019 - 5:31 pm
CARACAS, Venezuela (AP) — The latest on Venezuela's political crisis (all times local): 7:20 p.m. The Venezuelan foreign ministry is saying that its websites have been hacked in several countries. "We have decided to stop publishing online content until cybersecurity has been restored," read a...
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FILE - This Aug. 22, 2003 file photo shows the corporate headquarters of BB&T in Winston-Salem, N.C. Southern regional banks BB&T and SunTrust are combining in an all-stock deal valued at about $66 billion. The banks said Thursday, Feb. 7, 2019 that the combined company will be the sixth-largest U.S. bank based on assets and deposits. It will have approximately $442 billion in assets, $301 billion in loans and $324 billion in deposits serving more than 10 million households (David Rolfe/The Winston-Salem Journal via AP)
February 07, 2019 - 11:39 am
NEW YORK (AP) — Southern banking giants BB&T and SunTrust announced they would merge in a $66 billion deal, the first big bank merger since the chaos of the 2008 financial crisis. The deal would create yet another financial titan in the U.S. The combined company will be the sixth-largest retail...
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In this Feb. 12, 2018, photo, Commissioner Kenneth Hayne during The Royal Commission's initial public hearing into Misconduct in the Banking, Superannuation and Financial Services Industry in Melbourne. On Monday, Hayne recommended sweeping changes to Australia’s banking industry following a scathing national report on misconduct in the financial sector. (Eddie Jim/AAP Images via AP)
February 07, 2019 - 4:15 am
CANBERRA, Australia (AP) — The National Australia Bank's chief executive and chairman announced their resignations on Thursday just days after they were singled out for criticism in a scathing national report on misconduct in the financial sector. The bank's chief Executive, Andrew Thorburn will...
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A man walk past a Reserve Bank of India logo at their head office in Mumbai, India, Thursday, Feb. 7, 2019. India's central bank has lowered its key interest rate by a quarter of a percentage point to 6.25 percent, a step that is expected to boost the economy. (AP Photo/Rajanish Kakade)
February 07, 2019 - 3:42 am
NEW DELHI (AP) — India's central bank on Thursday lowered its key interest rate by a quarter of a percentage point to 6.25 percent in a surprise move intended to keep growth on track. The interest rate is what the federal bank charges on lending to commercial banks. Lower interest rates help...
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A currency trader works near screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Thursday, Feb. 7, 2019. Asian shares were mostly higher Thursday on news that the Reserve Bank of Australia may cut interest rates, driving hopes that other central banks could come to the same conclusion. (AP Photo/Lee Jin-man)
February 07, 2019 - 1:13 am
SINGAPORE (AP) — Asian shares were mostly higher Thursday on news that the Reserve Bank of Australia may cut interest rates, driving hopes that other central banks could come to the same conclusion. Markets in China, Hong Kong and Taiwan were closed for Lunar New Year. When borrowing is made less...
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A currency trader works near screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Thursday, Feb. 7, 2019. Asian shares were mostly higher Thursday on news that the Reserve Bank of Australia may cut interest rates, driving hopes that other central banks could come to the same conclusion. (AP Photo/Lee Jin-man)
February 06, 2019 - 9:53 pm
SINGAPORE (AP) — Asian shares were mostly higher Thursday on news that the Reserve Bank of Australia may cut interest rates, driving hopes that other central banks could come to the same conclusion. Markets in China, Hong Kong and Taiwan were closed for Lunar New Year. Philip Lowe, the governor of...
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