Banking and credit

Turkey's President Recep Tayyip Erdogan addresses supporters at his Black Sea hometown, Guneysu, Turkey, early Friday, Aug. 10, 2018. Turkey's Finance and Treasury Minister Berat Albayrak will reveal a " new economic model " as the Turkish Lira has lost more than 30 percent of its value since the start of the year.(Presidential Press Service via AP, Pool)
August 10, 2018 - 10:55 am
ANKARA, Turkey (AP) — A financial shockwave ripped through Turkey on Friday as its currency nosedived on concerns about its economic policies and a dispute with the U.S., which President Donald Trump stoked further with a promise to double tariffs on the NATO ally. The lira tumbled 13 percent in...
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Turkey's President Recep Tayyip Erdogan announces plan of action for the first 100 days of his new presidency, in Ankara, Turkey, Friday, Aug. 3, 2018. (AP Photo/Burhan Ozbilici)
August 10, 2018 - 9:18 am
ANKARA, Turkey (AP) — The Latest on Turkey's financial turmoil (all times local): 4:15 p.m. In a bid to ease investor concerns about Turkey's economic policy, the country's finance minister says the government will safeguard the independence of the central bank. Treasury and Finance Minister Berat...
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Turkey's President Recep Tayyip Erdogan addresses supporters at his Black Sea hometown, Guneysu, Turkey, early Friday, Aug. 10, 2018. Turkey's Finance and Treasury Minister Berat Albayrak will reveal a " new economic model " as the Turkish Lira has lost more than 30 percent of its value since the start of the year.(Presidential Press Service via AP, Pool)
August 10, 2018 - 7:52 am
ANKARA, Turkey (AP) — The Turkish currency plunged on Friday, raising questions about the country's financial stability, as investors worried about the president's unorthodox economic policies and a dispute with the United States that has led to sanctions. The lira hit a record low of 6.24 per...
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Turkey's President Recep Tayyip Erdogan addresses supporters at his Black Sea hometown, Guneysu, Turkey, early Friday, Aug. 10, 2018. Turkey's Finance and Treasury Minister Berat Albayrak will reveal a " new economic model " as the Turkish Lira has lost more than 30 percent of its value since the start of the year.(Presidential Press Service via AP, Pool)
August 10, 2018 - 6:43 am
ANKARA, Turkey (AP) — The Turkish currency plunged on Friday, raising questions about the country's financial stability, as investors worried about the president's unorthodox economic policies and a dispute with the United States that has led to sanctions. The lira hit a record low of 6.24 per...
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Attorney Kevin Downing, left, gestures to the rest of the defense team for Paul Manafort, as the team leaves federal court for a lunch break during the trial of the former Trump campaign chairman, in Alexandria, Va., Thursday, Aug. 9, 2018. (AP Photo/Jacquelyn Martin)
August 10, 2018 - 6:41 am
ALEXANDRIA, Va. (AP) — Prosecutors are expected to rest their case Friday against former Trump campaign chairman Paul Manafort, after days of occasionally dramatic testimony in Manafort's bank fraud and tax evasion trial and some testy exchanges with the trial judge. Prosecuting attorneys for...
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Attorney Kevin Downing, left, gestures to the rest of the defense team for Paul Manafort, as the team leaves federal court for a lunch break during the trial of the former Trump campaign chairman, in Alexandria, Va., Thursday, Aug. 9, 2018. (AP Photo/Jacquelyn Martin)
August 09, 2018 - 5:40 pm
ALEXANDRIA, Va. (AP) — The Latest on the trial of Paul Manafort (all times local): 5:35 p.m. A California bank executive says he was not aware that Paul Manafort had allegedly lied on loan documents when he approved a $1 million for the former Trump campaign chairman. Gary Seferian, a senior vice...
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This courtroom sketch depicts former Donald Trump campaign chairman Paul Manafort, left, listening with his lawyer Kevin Downing to testimony from government witness Rick Gates as Manafort's trial continues at federal court in Alexandria, Va., Tuesday, Aug. 7, 2018. (Dana Verkouteren via AP)
August 09, 2018 - 11:50 am
ALEXANDRIA, Va. (AP) — The Latest on the trial of Paul Manafort, Donald Trump's former campaign chairman (all times local): 11:45 a.m. Prosecutors are contending that Paul Manafort lied to a bank to obtain millions of dollars in loans on New York City properties. Melinda James, a Citizens Bank...
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In this July 8, 2018, photo, clouds are reflected above the company logo on the hood of a 2018 Model 3 sedan on display outside a Tesla showroom in Littleton, Colo. Board members at Tesla are evaluating CEO and Chairman Elon Musk’s $72 billion proposal to take the electric car and solar panel maker private. Six of nine members say in a statement Wednesday, Aug. 8, that Musk began talking with the board about the move last week. (AP Photo/David Zalubowski)
August 08, 2018 - 6:05 pm
SAN FRANCISCO (AP) — Tesla CEO Elon Musk is seeking relief from the pressures of running a publicly held company with a $72 billion buyout of the electric car maker, but he may be acquiring new headaches with his peculiar handling of the proposed deal. Almost everything about the deal is outlandish...
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The defense team for Paul Manafort, including Kevin Downing, front left, and Thomas Zehnle, right, arrive at federal court for the continuation of the trial of the former Trump campaign chairman, in Alexandria, Va., Wednesday, Aug. 8, 2018. (AP Photo/Jacquelyn Martin)
August 08, 2018 - 3:18 pm
ALEXANDRIA, Va. (AP) — The Latest on Paul Manafort's trial (all times local): 3:10 p.m. An FBI forensic accountant is telling the jury in Paul Manafort's financial fraud trial how she traced millions of dollars of payments for mortgages, home improvements and expensive cars, rugs and clothes back...
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This courtroom sketch depicts defense lawyer Kevin Downing asking questions of Rick Gates, as former Donald Trump campaign chairman Paul Manafort, bottom front left, listens during Manafort's trial on bank fraud and tax evasion at federal court in Alexandria, Va., Tuesday, Aug. 7, 2018. U.S. District court Judge T.S. Ellis III presides. (Dana Verkouteren via AP)
August 08, 2018 - 8:48 am
ALEXANDRIA, Va. (AP) — The questioning of Paul Manafort's protege was confrontational and personal: Manafort's lawyer hammered Rick Gates about his own crimes, an extramarital affair and a guilty plea with prosecutors that may spare him severe punishment. Gates, who faced a bruising cross-...
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