Banking and credit

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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FILE - In this Thursday, Jan. 1, 2015 file photo, euro coins and banknotes are shown by a salesclerk at a shop in Vilnius, Lithuania. Italy's economy minister says the new populist government isn't discussing any proposal to leave the eurozone. Minister Giovanni Tria, in an interview Sunday, June 10, 2018 in Corriere della Sera newspaper, said "not only do we not want to exit" the 19-member shared currency union, but the coalition is determined to act so conditions don't occur to "put our presence in the euro(zone) up for discussion." (AP Photo/Mindaugas Kulbis, File)
June 14, 2018 - 9:59 am
RIGA, Latvia (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local): 4:30 p.m. In response to a question about populist politicians' claim that the euro is not good for some countries, the head of the European Central Bank says the shared currency is irreversible...
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People walk by an electronic stock board of a securities firm in Tokyo, Thursday, June 14, 2018. Asian stock markets slumped on Thursday with South Koreans stocks plunging 1.6 percent on the first day of trading after an unprecedented summit between leaders of North Korea and the United States. Stocks plunged after Federal Reserved hiked its key rate and signaled an acceleration in its pace of rate increase. (AP Photo/Shuji Kajiyama)
June 14, 2018 - 7:16 am
SEOUL, South Korea (AP) — Global stocks slumped Thursday after the U.S. Federal Reserve raised its key interest rate and said it would pick up the pace of future increases. Eyes are now on the European Central Bank, which is discussing Thursday when it might end its stimulus program. KEEPING SCORE...
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FILE - In this Thursday, Jan. 1, 2015 file photo, euro coins and banknotes are shown by a salesclerk at a shop in Vilnius, Lithuania. Italy's economy minister says the new populist government isn't discussing any proposal to leave the eurozone. Minister Giovanni Tria, in an interview Sunday, June 10, 2018 in Corriere della Sera newspaper, said "not only do we not want to exit" the 19-member shared currency union, but the coalition is determined to act so conditions don't occur to "put our presence in the euro(zone) up for discussion." (AP Photo/Mindaugas Kulbis, File)
June 14, 2018 - 4:08 am
FRANKFURT, Germany (AP) — The European Central Bank is meeting to discuss when and how to end its bond-buying stimulus program, an exit that will have far-reaching consequences across the economy. The bank, which sets monetary policy for the 19 countries that use the euro, has been buying 30...
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FILE- In this April 24, 2018, file photo, replicas of Arturo Di Modica's "Charging Bull" are for sale on a street vendor's table outside the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, June 13. (AP Photo/Mary Altaffer, File)
June 14, 2018 - 12:27 am
SEOUL, South Korea (AP) — Asian stocks slumped Thursday after the U.S. Federal Reserve raised its key interest rate and said it would pick up the pace of future increases. South Korea's market benchmark tumbled 1.6 percent on the first trading day after a meeting of U.S. and North Korean leaders...
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