Banking and credit

FILE- In this Feb. 5, 2018, file photo, the seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington. The Federal Reserve releases minutes from its January meeting on Wednesday, Feb. 21. (AP Photo/Andrew Harnik, File)
February 21, 2018 - 3:15 pm
WASHINGTON (AP) — Federal Reserve officials at their January meeting believed that a brightening global economic picture and the effects of recently passed tax cuts had raised the prospect for solid growth and continued interest rate increases. The minutes of the Fed's Jan. 30-31 discussions showed...
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FILE - In this Sunday, July 13, 2007 file photo, Governor of the Bank of Latvia Ilmars Rimsevics speaks during an interview with The Associated Press in Riga, Latvia. Latvia's state broadcaster said Saturday Feb. 18, 2018, that the national anti-corruption agency raided the office and a property of the head of the country's central bank, Ilmars Rimsevics. (AP Photo/Roman Koksarov, File)
February 20, 2018 - 6:01 pm
LONDON (AP) — Latvia's official on the European Central Bank's top policymaking council rejected calls to resign Tuesday amid suspicions of bribery and an Associated Press report on allegations of extortion and connections to money laundering. Ilmars Rimsevics, who was detained Saturday and...
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India's opposition Congress party supporters shout slogansas they burn an effigy of Prime Minister Narendra Modi as they protest against the alleged $1.8 billion bank fraud in Lucknow, India, Tuesday, Feb. 20, 2018. (AP Photo/Rajesh Kumar Singh)
February 20, 2018 - 1:34 pm
NEW DELHI (AP) — India's federal investigating agency on Tuesday arrested another five executives as it swooped down on companies run by two main suspects in an alleged $1.8 billion bank fraud case that continued for six years. Central Bureau of Investigation spokesman Abhished Dayal said the five...
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FILE - In this Sunday, July 13, 2007 file photo, Governor of the Bank of Latvia Ilmars Rimsevics speaks during an interview with The Associated Press in Riga, Latvia. Latvia's state broadcaster said Saturday Feb. 18, 2018, that the national anti-corruption agency raided the office and a property of the head of the country's central bank, Ilmars Rimsevics. (AP Photo/Roman Koksarov, File)
February 20, 2018 - 8:38 am
LONDON (AP) — Latvia's official on the European Central Bank's main policymaking council refused Tuesday to heed calls to resign following an investigation into suspected bribery and an Associated Press report on allegations of extortion and connections to money laundering. Ilmars Rimsevics, who...
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FILE - In this Sunday, July 13, 2007 file photo, Governor of the Bank of Latvia Ilmars Rimsevics speaks during an interview with The Associated Press in Riga, Latvia. Latvia's state broadcaster said Saturday Feb. 18, 2018, that the national anti-corruption agency raided the office and a property of the head of the country's central bank, Ilmars Rimsevics. (AP Photo/Roman Koksarov, File)
February 20, 2018 - 6:38 am
RIGA, Latvia (AP) — The head of Latvia's central bank says he will not resign following an investigation into suspected bribery and an Associated Press report on allegations that he sought bribes from a local bank. Ilmars Rimsevics, who is also on the European Central Bank's top policymaking...
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February 20, 2018 - 3:50 am
NEW DELHI (AP) — India's federal investigating agency says it has arrested six people in an alleged $1.8 billion bank fraud case. Abhished Dayal, a Central Bureau of Investigation spokesman, said Tuesday that five bank workers and an employee of billionaire jeweler and suspect Nirav Modi were...
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A woman walks past an electronic stock indicator of a securities firm in Tokyo, Tuesday, Feb. 20, 2018. Asian shares were mostly lower Tuesday after a U.S. holiday and attention turned to the U.S. Federal Reserve. (AP Photo/Shizuo Kambayashi)
February 20, 2018 - 2:31 am
TOKYO (AP) — Asian shares were mostly lower Tuesday after a U.S. holiday. Investors were awaiting the release later in the day of minutes from the latest meeting of the U.S. Federal Reserve. KEEPING SCORE: Japan's benchmark Nikkei 225 lost 1.0 percent to finish at 21,925.10. Australia's S&P/ASX...
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Irish Finance Minister Paschal Donohoe, left, speaks with the media prior to a meeting of the eurogroup at the EU Council building in Brussels on Monday, Feb. 19, 2018. Ireland is withdrawing its candidate, Philip Lane, for European Central Bank vice president, making it almost certain that Spain's finance minister, Luis de Guindos, will get the job. (AP Photo/Geert Vanden Wijngaert)
February 19, 2018 - 10:00 am
BRUSSELS (AP) — Ireland announced Monday that it was withdrawing its candidate for the coveted post of European Central Bank vice president, making it almost certain that Spain's finance minister would get the job. Spain is the eurozone's No. 4 economy, but has been absent from the board, which is...
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Irish Finance Minister Paschal Donohoe, left, speaks with the media prior to a meeting of the eurogroup at the EU Council building in Brussels on Monday, Feb. 19, 2018. Ireland is withdrawing its candidate, Philip Lane, for European Central Bank vice president, making it almost certain that Spain's finance minister, Luis de Guindos, will get the job. (AP Photo/Geert Vanden Wijngaert)
February 19, 2018 - 9:37 am
BRUSSELS (AP) — Ireland is withdrawing its candidate for European Central Bank vice president, making it almost certain that Spain's finance minister will get the job. Referring to Irish central bank governor Philip Lane, Irish Finance Minister Paschal Donohoe said Monday that "I am confirming that...
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FILE - In this Sunday, July 13, 2007 file photo, Governor of the Bank of Latvia Ilmars Rimsevics speaks during an interview with The Associated Press in Riga, Latvia. Latvia's state broadcaster said Saturday Feb. 18, 2018, that the national anti-corruption agency raided the office and a property of the head of the country's central bank, Ilmars Rimsevics. (AP Photo/Roman Koksarov, File)
February 18, 2018 - 8:52 am
LONDON (AP) — Latvia's top banking official and key member of the European Central Bank was detained Sunday after being questioned for hours by anti-corruption authorities amid accusations of bribery and money laundering in the nation's financial system. Latvian state TV showed Ilmars Rimsevics...
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