Banking and credit

October 18, 2019 - 7:09 am
BRUSSELS (AP) — European Union leaders have approved the appointment of Christine Lagarde as the next president of the European Central Bank. The former International Monetary Fund managing director will replace Mario Draghi, who has served as ECB president since 2011. The European Council had...
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International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a news conference during the World Bank/IMF Annual Meetings in Washington, Thursday, Oct. 17, 2019. (AP Photo/Jose Luis Magana)
October 17, 2019 - 2:27 pm
WASHINGTON (AP) — The International Monetary Fund's new leader said Thursday that a trade truce between the United States and China could trim expected losses to the world economy but won't be enough to produce strong global growth. Before last week's tentative trade agreement, the IMF had...
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International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a news conference during the World Bank/IMF Annual Meetings in Washington, Thursday, Oct. 17, 2019. (AP Photo/Jose Luis Magana)
October 17, 2019 - 1:16 pm
WASHINGTON (AP) — The International Monetary Fund's new leader says a trade truce between the United States and China could trim expected losses to the world economy but won't be enough to produce strong global growth. Before last week's tentative trade agreement, the IMF had estimated that higher...
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FILE - In this July 31, 2019, file photo workers clean the outside facade of State Farm Stadium in Glendale, Ariz. On Wednesday, Oct. 16, the Federal Reserve releases its latest ‘Beige Book’ survey of economic conditions. (AP Photo/Ross D. Franklin)
October 16, 2019 - 2:36 pm
WASHINGTON (AP) — The U.S. economy was expanding at a modest pace in September and into October despite the fact manufacturing was being hurt by rising trade tensions and weaker global growth while adverse weather was affecting farmers. The Federal Reserve, issuing its latest assessment of business...
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FILE - In this Aug. 6, 2019, file photo, a woman walks by a money exchange shop decorated with different countries currency banknotes at Central, a business district in Hong Kong. The IMF’s latest World Economic Outlook comes on the eve of meetings in Washington this week of the IMF and its sister lending organization, the World Bank. (AP Photo/Kin Cheung, File)
October 15, 2019 - 11:48 am
WASHINGTON (AP) — The International Monetary Fund is further downgrading its outlook for the world economy, predicting that growth this year will be the weakest since the 2008 financial crisis, primarily because of widening global conflicts. The IMF's latest World Economic Outlook released Tuesday...
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October 15, 2019 - 11:03 am
WASHINGTON (AP) — The International Monetary Fund said Tuesday it welcomes the decision by Ecuadorian President Lenin Moreno to cancel an austerity package following more than a week of protests. Gita Gopinath, director of the IMF's Research Department, said the agency welcomes the attempt "to...
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FILE - In this Aug. 6, 2019, file photo, a woman walks by a money exchange shop decorated with different countries currency banknotes at Central, a business district in Hong Kong. The IMF’s latest World Economic Outlook comes on the eve of meetings in Washington this week of the IMF and its sister lending organization, the World Bank. (AP Photo/Kin Cheung, File)
October 15, 2019 - 9:31 am
WASHINGTON (AP) — The International Monetary Fund is further downgrading its outlook for the world economy, predicting that growth this year will be the weakest since the 2008 financial crisis primarily because of widening global conflicts. The IMF's latest World Economic Outlook foresees a slight...
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This Thursday, Nov. 29, 2018, photo shows a Wells Fargo bank location in Philadelphia. JPMorgan Chase & Co. reports financial results Tuesday, Oct. 14, 2019. (AP Photo/Matt Rourke)
October 15, 2019 - 7:35 am
NEW YORK (AP) — JPMorgan Chase & Co. said Tuesday that its profits grew by 8% in the third quarter, helped partly by higher interest rates and a better-than-expected performance in its investment banking business. The nation's largest bank by assets said it earned $9.08 billion, or $2.68 per...
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FILE - In this Oct. 7, 2019, file photo specialists Mario Picone, left, and Anthony Rinaldi work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, Oct. 14. (AP Photo/Richard Drew, File)
October 14, 2019 - 5:46 pm
Stocks capped a wobbly day of trading on Wall Street with modest losses Monday, a shaky start to the week for the market after its first weekly gain in a month. Losses in consumer goods makers, utilities and technology stocks helped outweigh gains in banks and real estate companies. A 2% drop in...
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FILE - In this Oct. 7, 2019, file photo specialists Mario Picone, left, and Anthony Rinaldi work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, Oct. 14. (AP Photo/Richard Drew, File)
October 14, 2019 - 3:28 pm
Major U.S. stock indexes edged lower in afternoon trading Monday, a shaky start to the week for the market after the S&P 500 notched its first weekly gain in four weeks. Losses in consumer goods makers, utilities and industrial stocks outweighed gains in banks and elsewhere in the market...
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