Banking and credit

June 21, 2018 - 4:31 pm
WASHINGTON (AP) — The Federal Reserve says that all of the 35 largest U.S. banks are fortified enough to survive an economic shock and keep on lending. Banks' losses from credit cards increased in the latest "stress tests," however. The first round of the central bank's annual stress tests show...
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FILE- In this June 13, 2018, file photo Federal Reserve Chair Jerome Powell speaks to the media after the Federal Open Market Committee meeting in Washington. Powell is expected to speak about the job market at a European Central Bank conference in Portugal on Wednesday, June 20. (AP Photo/Jacquelyn Martin, File)
June 20, 2018 - 12:59 pm
WASHINGTON (AP) — The leaders of the central banks of four major economies expressed alarm Wednesday that multiple trade conflicts are threatening to slow global growth. The officials said at a conference in Portugal that the escalating trade fights involving the United States, China and Europe...
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FILE- In this June 13, 2018, file photo Federal Reserve Chair Jerome Powell speaks to the media after the Federal Open Market Committee meeting in Washington. Powell is expected to speak about the job market at a European Central Bank conference in Portugal on Wednesday, June 20. (AP Photo/Jacquelyn Martin, File)
June 20, 2018 - 9:30 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the Fed will likely keep raising short-term interest rates at a gradual pace, partly because there are few signs, so far, that the ultra-low U.S. unemployment rate is pushing up inflation. In a speech in Portugal, Powell said Wednesday...
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June 19, 2018 - 10:00 am
BRIDGEPORT, Conn. (AP) — People's United Bank has agreed to acquire the holding company for Farmington Bank in a 100 percent stock transaction valued at about $544 million. People's United Financial Inc., the holding company for People's United Bank, announced the agreement to acquire First...
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June 19, 2018 - 9:54 am
BRIDGEPORT, Conn. (AP) — People's United Bank has agreed to acquire the holding company for Farmington Bank in a 100 percent stock transaction valued at about $544 million. People's United Financial Inc., the holding company for People's United Bank, announced the agreement to acquire First...
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FILE- In this April 26, 2018, file photo, Vincent Pepe stands outside the New York Stock Exchange where he works in the Financial District in New York. The U.S. stock market opens at 9:30 a.m. EDT on Friday, June 15. (AP Photo/Kathy Willens, File)
June 15, 2018 - 4:33 pm
NEW YORK (AP) — U.S. stocks closed out a whirlwind week with a modest loss Friday as markets gauged how much to fret about the Trump administration's decision to step up the trade dispute between the world's two biggest economies. The White House announced tariffs on $50 billion of imports from...
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FILE- In this Jan. 30, 2018, file photo, several ship to shore cranes work a vessel at the Georgia Ports Authority's Port of Savannah loading and unloading container in Savannah, Ga. On Thursday, June 14, the International Monetary Fund issues its annual assessment of the U.S. economy at a news conference with IMF Managing Director Christine Lagarde. (AP Photo/Stephen B. Morton, File)
June 14, 2018 - 4:38 pm
WASHINGTON (AP) — The International Monetary Fund said Thursday that tax cuts will help fuel the U.S. economy this year and next. But it warned that growth after that will slide to levels just half of what the Trump administration is forecasting. In its annual assessment of the U.S. economy, the...
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FILE- This April 5, 2018, file photo shows the facade of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, June 14. (AP Photo/Richard Drew, File)
June 14, 2018 - 4:36 pm
NEW YORK (AP) — U.S. stocks mostly rose Thursday, as markets get accustomed to the idea of investing with less of a safety net from central banks around the world. The European Central Bank laid out its plan to pull back from the stimulus it's pumped into markets, but it also said it plans to hold...
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FILE- In this Jan. 30, 2018, file photo, several ship to shore cranes work a vessel at the Georgia Ports Authority's Port of Savannah loading and unloading container in Savannah, Ga. On Thursday, June 14, the International Monetary Fund issues its annual assessment of the U.S. economy at a news conference with IMF Managing Director Christine Lagarde. (AP Photo/Stephen B. Morton, File)
June 14, 2018 - 1:34 pm
WASHINGTON (AP) — The International Monetary Fund believes the U.S. economy will post solid growth this year and next, helped by a sizable boost from tax cuts. But then it says growth will slide as huge budget deficits drag growth far below the Trump administration's goals. In its annual assessment...
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FILE- This April 5, 2018, file photo shows the facade of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, June 14. (AP Photo/Richard Drew, File)
June 14, 2018 - 10:46 am
NEW YORK (AP) — U.S. stocks rose Thursday after Europe's central bank became the latest to spell out how it will close the spigot on the emergency stimulus it's flooded the market with in recent years. More evidence also arrived to show that the U.S. economy is improving, including a better-than-...
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