Banking and credit

FILE- In this April 24, 2018, file photo, the sun shines from behind the New York Stock Exchange in New York. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, May 23. (AP Photo/Mary Altaffer, File)
May 23, 2018 - 4:37 pm
NEW YORK (AP) — U.S. stocks turned higher Wednesday after the Federal Reserve indicated it's not in a hurry to raise interest rates too quickly. Retailers and technology companies led the way as the market erased some early losses. Stocks opened lower after a business survey suggested that the...
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An employee of a currency exchange shop uses his mobile outside the shop in a market in Istanbul, Wednesday, May 23, 2018. Turkey's currency has fallen to a record low against the dollar amid concerns about an outflow of investor capital and the country's ability to manage the situation. (AP Photo/Lefteris Pitarakis)
May 23, 2018 - 3:20 pm
ANKARA, Turkey (AP) — Under pressure to act, Turkey's central bank sharply raised its key lending rate Wednesday to try to stem an outflow of capital from the country, control inflation and support the beleaguered currency. The Turkish lira regained some of its value after the bank's monetary...
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In this May 22, 2018 photo a thunderbolt goes down behind the banking district in Frankfurt, Germany. (Frank Rumpenhorst/dpa via AP)
May 23, 2018 - 11:36 am
FRANKFURT, Germany (AP) — Bulgaria has hit a setback to its hopes of soon becoming a member of the shared euro currency after the European Central Bank said the EU's poorest country needs "wide-ranging" reforms to get its economy in shape. That assessment came in the ECB's report card Wednesday on...
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FILE - This March 6, 2018, file photo shows the Capitol in Washington. Several Democrats facing tough re-elections this fall are joining solid Republican backing of an effort to alter some key aspects of the Dodd-Frank law. Congress moved Tuesday, May 22, to dismantle a chunk of the rules framework for banks, installed to prevent a recurrence of the 2008 financial crisis that brought millions of lost jobs and foreclosed homes. (AP Photo/J. Scott Applewhite, File)
May 23, 2018 - 8:19 am
WASHINGTON (AP) — President Donald Trump indicated Wednesday that he's eager to sign a bill that would dismantle a chunk of the rules framework for banks, installed to prevent recurrence of the 2008 financial crisis that brought millions of lots jobs and foreclosed homes. The House voted 258-159 on...
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Trader Andrew Silverman works on the floor of the New York Stock Exchange, Tuesday, May 22, 2018. U.S. stocks are making modest gains as energy companies rise with oil prices and banks also move higher. (AP Photo/Richard Drew)
May 22, 2018 - 5:11 pm
NEW YORK (AP) — Stocks faded Tuesday afternoon and finished the day mostly lower as industrial companies and retailers fell. Smaller and more U.S.-focused companies slumped after setting records the last few days. Large industrial companies like Boeing, 3M and Caterpillar slipped, and retailers...
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May 22, 2018 - 3:27 pm
WASHINGTON (AP) — Congress was taking a final step Tuesday toward dismantling a chunk of the rules framework for banks installed to prevent a recurrence of the 2008 financial crisis that brought millions of lost jobs and foreclosed homes. The House planned to approve legislation to roll back the...
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May 21, 2018 - 6:51 am
NEW YORK (AP) — Fifth Third Bancorp is buying Chicago's MB Financial for about $4.7 billion, mostly in stock. MB Financial Inc., the parent company of MB Financial Bank, has approximately $20 billion in assets. Greg Carmichael, the chairman and CEO of Fifth Third Bancorp, said Monday in prepared...
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May 17, 2018 - 6:31 pm
MILWAUKEE (AP) — In a story May 16 about a court hearing for a cybersecurity expert accused of creating software to steal banking passwords, The Associated Press reported erroneously that FBI agents contradicted each other in testimony about when they showed Marcus Hutchins his indictment. It was...
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In this June 30, 2016, image taken by AP Images for Visa, Team Visa athlete Popole Misenga uses his Visa payment ring at the Copacabana Megastore in Rio de Janeiro, Brazil. Payment networks and manufacturers are building payment functions into more devices — expanding your options as well as freeing up your hands. Connected “smart” accessories such as watches, bands and rings travel lighter than a phone. To use, the wearer holds a wrist or hand up to a contactless payment terminal. Visa tested these devices at the 2016 Rio Olympics to demonstrate possibilities, says Mark Jamison, global head of innovation and design at Visa. (Leo Correa/AP Images for Visa)
May 17, 2018 - 10:17 am
Mobile wallets can make paying by credit or debit card seamless: Tap your phone at checkout and you're on your way. But mobile wallets are just the beginning. Payment networks and manufacturers are building payment functions into more devices — expanding your options as well as freeing up your...
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In this Aug. 20, 2017 photo, Iran's Central Bank Governor, Valiollah Seif, sits in an open session of parliament in Tehran, Iran. The United States escalated its financial pressure on Iran Tuesday, May 15, 2018 by slapping terror sanctions on the head of its central bank and barring anyone around the world from doing business with him, underscoring President Donald Trump's hard line after his withdrawal from the Iranian nuclear accord upset European allies. (AP Photo/Vahid Salemi)
May 15, 2018 - 4:56 pm
WASHINGTON (AP) — The United States intensified its financial pressure on Iran Tuesday, slapping anti-terror sanctions on the head of its central bank and barring anyone around the world from doing business with him. That dealt a further blow to European hopes of salvaging the Iranian nuclear deal...
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