Financial services

May 25, 2018 - 10:43 am
Federal Reserve Chairman Jerome Powell warned Friday that the Fed's independence from political pressure must be respected if it is to succeed in controlling inflation, maximizing employment and regulating the financial system. His remarks Friday came after Kevin Warsh, a former Fed official who...
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President Donald Trump shows off the "Economic Growth, Regulatory Relief, and Consumer Protection Act," in the Roosevelt Room of the White House, Thursday, May 24, 2018, in Washington. (AP Photo/Evan Vucci)
May 24, 2018 - 4:16 pm
WASHINGTON (AP) — President Donald Trump on Thursday signed into law a measure that loosens key restraints for banks imposed after the 2008 financial crisis and Great Recession. Savoring the legislative triumph, he called it "the next step in America's unprecedented economic comeback." The...
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A sign for a pedestrians stand in front of the Deutsche Bank towers, on the day of the annual meeting of the bank, in Frankfurt, Germany, Thursday, May 24, 2018.(AP Photo/Michael Probst)
May 24, 2018 - 8:15 am
FRANKFURT, Germany (AP) — Deutsche Bank is slashing thousands of jobs as Germany's largest lender refocuses its global investment banking business on Europe and seeks to return to steady profitability. The bank said Thursday it would cut its workforce from 97,000 to "well below" 90,000 in order to...
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A woman stands with a parasol in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, May 24, 2018. Shares are mixed in Asia after U.S. stocks reversed early losses and finished higher after the Federal Reserve signaled it is not in a hurry to raise interest rates. Tokyo’s Nikkei 225 index slipped 1.2 percent as the yen gained against the U.S. dollar. Shares also fell in Shanghai, Australia and South Korea but rose in Hong Kong and Indonesia. (AP Photo/Eugene Hoshiko)
May 24, 2018 - 12:12 am
BANGKOK (AP) — Shares were mixed in Asia on Thursday after U.S. stocks reversed early losses and finished higher as investors appraised the Federal Reserve's signal that it is not in a hurry to raise interest rates. KEEPING SCORE: Japan's Nikkei 225 index fell 1.2 percent to 22,418.18 and the Kospi...
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FILE- This March 20, 2018, file photo shows the Uber app on an iPad in Baltimore. Uber reports earnings Wednesday, March 23. (AP Photo/Patrick Semansky, File)
May 23, 2018 - 4:39 pm
Three investors are looking to buy stakes in Uber in an offer that values the company at $62 billion. The ride-hailing giant said Wednesday the investors want to buy up to $600 million worth of the private company's stock. They're offering $40 per share, giving Uber a valuation that's nearly 30...
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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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David Tepper smiles as he speaks to the media during a news conference where he was introduced as the new owner of the Carolina Panthers at the NFL owners spring meeting Tuesday, May 22, 2018, in Atlanta. (AP Photo/John Bazemore)
May 22, 2018 - 8:35 pm
ATLANTA (AP) — The new owner of the Carolina Panthers is committed to keeping the team in the Carolinas. And Charlotte is clearly his preferred choice. But David Tepper left a bit of wiggle room on his first day as owner of the team. The NFL unanimously approved Tepper's $2.2 billion purchase of...
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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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