Banking and credit regulation

This Thursday, Nov. 29, 2018, photo shows a Wells Fargo bank location in Philadelphia. Wells Fargo & Co. reports financial results Tuesday, Jan. 15, 2019. (AP Photo/Matt Rourke, File)
January 15, 2019 - 1:45 pm
NEW YORK (AP) — Wells Fargo, the consumer banking giant, said its fourth-quarter profits fell slightly on Tuesday as the bank remains restrained by federal regulators, who put a tight leash on it after years of scandals and missteps. The San Francisco-based bank said it earned a profit of $6.06...
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December 24, 2018 - 3:38 am
NICOSIA, Cyprus (AP) — The chief of the Cyprus Association of Banks say Cypriot lenders are concerned that their adoption of some of the toughest anti-money laundering regulations in the world has not been fully recognized abroad. Association Director Michalis Kammas told The Associated Press...
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Police officers walk in the backyard of Deutsche Bank headquarters during a raid in Frankfurt, Germany, Thursday, Nov. 29, 2018. (AP Photo/Michael Probst)
November 29, 2018 - 1:01 pm
BERLIN (AP) — German authorities raided Deutsche Bank's headquarters Thursday amid suspicions that its employees helped clients set up offshore companies that were used to launder hundreds of millions of euros. About 170 police officers, investigators and prosecutors swooped in on the bank's...
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Specialist Peter Mazza, left, works on the floor of the New York Stock Exchange, Wednesday, Nov. 7, 2018. Stocks are climbing in early trading on Wall Street as results of the U.S. midterm elections came in as investors had expected. (AP Photo/Richard Drew)
November 07, 2018 - 3:51 pm
NEW YORK (AP) — Stocks rallied Wednesday as investors were relieved to see that the U.S. midterm elections went largely as they expected they would. Big-name technology and consumer and health care companies soared as the S&P 500 index closed at its highest level in four weeks. Democrats won...
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October 12, 2018 - 4:43 pm
WASHINGTON (AP) — The Education Department says it will no longer try to delay an Obama-era regulation that helped students defrauded by for-profit colleges get their loans forgiven. A federal court ruled last month that Education Secretary Betsy DeVos' decision to delay the regulation, known as...
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September 04, 2018 - 12:00 pm
BERLIN (AP) — German media outlets are reporting that Iran has rescinded its request to transfer 300 million euros ($347 million) in cash from a Hamburg-based bank in a case that been closely followed by the U.S. The dpa news agency, along with the Sueddeutsche Zeitung newspaper and NDR and WDR...
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September 04, 2018 - 5:18 am
THE HAGUE, Netherlands (AP) — Dutch bank ING has paid 775 million euros ($897 million) to settle a huge money laundering case in the Netherlands, prosecutors said Tuesday. The country's financial prosecution service said in a statement that ING for years failed to adequately implement a law aimed...
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Defense attorneys Richard Westling, left, Kevin Downing, and Thomas Zehnle, walk to federal court as jury deliberations begin in the trial of former Trump campaign chairman Paul Manafort, in Alexandria, Va., Thursday, Aug. 16, 2018. (AP Photo/Jacquelyn Martin)
August 16, 2018 - 9:23 am
ALEXANDRIA, Va. (AP) — Jurors began their deliberations Thursday in the trial of former Trump campaign chairman Paul Manafort, who prosecutors say earned $60 million advising Russia-backed politicians in Ukraine, hid much of it from the IRS and then lied to banks to get loans when the money dried...
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This courtroom sketch depicts Paul Manafort, fourth from right, standing with his lawyers in front of U.S. district Judge T.S. Ellis III, center rear, and the selected jury, seated left, during the jury selection of his trial at the Alexandria Federal Courthouse in Alexandria, Va., Tuesday, July 31, 2018. A jury set to decide the fate of President Donald Trump's former campaign chairman Manafort was selected Tuesday, and opening statements in his tax evasion and bank fraud trial were expected in the afternoon. (Dana Verkouteren via AP)
July 31, 2018 - 3:34 pm
ALEXANDRIA, Va. (AP) — Paul Manafort orchestrated a multimillion-dollar conspiracy to evade U.S. tax and banking laws, leaving behind a trail of lies as he lived a lavish lifestyle, prosecutors said Tuesday as they laid out their case against the former Trump campaign chairman. During his opening...
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FILE - In this March 8, 2018, file photo, Paul Manafort, left, President Donald Trump's former campaign chairman, walks with this wife Kathleen Manafort, as they arrive at the Alexandria Federal Courthouse in Alexandria, Va. Jury selection is set to begin in the trial of President Donald Trump’s former campaign chairman. (AP Photo/Jacquelyn Martin, File)
July 31, 2018 - 2:54 pm
ALEXANDRIA, Va. (AP) — The Latest on Paul Manafort's trial on tax evasion and bank fraud charges (all times local): 3:50 p.m. Prosecutors say President Donald Trump's former campaign chairman orchestrated a multimillion-dollar conspiracy to evade U.S. tax and banking laws, leaving behind a trail of...
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