Banking and credit

Russian Prime Minister Dmitry Medvedev speaks during a meeting in Kamchatka Peninsula region, Russian Far East, Russia, Friday, Aug. 10, 2018. Russia's prime minister sternly warned the United States on Friday against ramping up sanctions, saying that Moscow will retaliate with economic, political and unspecified "other" means. (Dmitry Astakhov, Sputnik, Government Pool Photo via AP)
August 11, 2018 - 9:22 am
WASHINGTON (AP) — Russia typically brushes off new U.S. sanctions. Not this time. The Trump administration announcement of export restrictions in response to accusations Moscow used a nerve agent to poison a former Russian spy in Britain sent the ruble tumbling to a two-year low and drew a stern...
Read More
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 - 6:34 pm
ANKARA, Turkey (AP) — A financial shockwave ripped through Turkey on Friday, when 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 14 percent in...
Read More
The defense team for Paul Manafort, including Kevin Downing, center, Thomas Zehnle, right, and Richard Westling walk to federal court during the trial of the former Trump campaign chairman, Friday, Aug. 10, 2018, in Alexandria, Va. (AP Photo/Evan Vucci)
August 10, 2018 - 6:04 pm
ALEXANDRIA, Va. (AP) — The Latest on the bank fraud and tax evasion trial of former Trump campaign chairman Paul Manafort (all times local): 6 p.m. Prosecutors in Paul Manafort's financial fraud trial say they expect to rest their case Monday. The former Trump campaign chairman's trial was delayed...
Read More
Trader Michael Capolino works on the floor of the New York Stock Exchange, Friday, Aug. 10, 2018. Stocks are opening moderately lower on Wall Street following steeper losses in Europe, where investors worried about a sharp drop in Turkey's currency. (AP Photo/Richard Drew)
August 10, 2018 - 4:52 pm
NEW YORK (AP) — Stocks in the U.S. and Europe skidded Friday as investors worried about the financial stability of Turkey and how it might affect the global banking system. Turkish President Recep Tayyip Erdogan has accumulated more and more control over the country's central bank as well as its...
Read More
The defense team for Paul Manafort, including Kevin Downing, center, Thomas Zehnle, right, and Richard Westling walk to federal court during the trial of the former Trump campaign chairman, Friday, Aug. 10, 2018, in Alexandria, Va. (AP Photo/Evan Vucci)
August 10, 2018 - 4:30 pm
ALEXANDRIA, Va. (AP) — The Latest on the bank fraud and tax evasion trial of former Trump campaign chairman Paul Manafort (all times local): 4 p.m. A New York banking executive is testifying that the chairman of his bank overruled his own bank's president in order to approve a $9.5 million loan to...
Read More
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 - 3:55 pm
ALEXANDRIA, Va. (AP) — A bank executive testified that he was pressured for political reasons to give more than $16 million in loans to Paul Manafort, as the financial fraud trial of the former Trump campaign chairman resumed Friday afternoon after unexpected delays. The delays left uncertain...
Read More
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 - 3:01 pm
ANKARA, Turkey (AP) — The Latest on Turkey's financial turmoil (all times local): 9:20 p.m. A Turkish official says U.S. President Donald Trump's decision to double tariffs on Turkish steel and aluminum imports, which he announced on Twitter, lacked "state seriousness." Foreign Ministry spokesman...
Read More
Trader Michael Capolino works on the floor of the New York Stock Exchange, Friday, Aug. 10, 2018. Stocks are opening moderately lower on Wall Street following steeper losses in Europe, where investors worried about a sharp drop in Turkey's currency. (AP Photo/Richard Drew)
August 10, 2018 - 2:47 pm
NEW YORK (AP) — Stocks are skidding on Wall Street Friday, following even sharper drops in Europe, as investors worried about the financial stability of Turkey. The Turkish lira nosedived again following concerns about the country's economic policies and higher tariffs from the U.S. European banks...
Read More
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 - 12:17 pm
ANKARA, Turkey (AP) — A financial shockwave ripped through Turkey on Friday, when 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 14 percent in...
Read More
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 - 11:05 am
ANKARA, Turkey (AP) — The Latest on Turkey's financial turmoil (all times local): 6:05 p.m. Turkish President Recep Tayyip Erdogan says his country will continue to grow despite what he described as an "attack" on the Turkish lira. Delivering a speech in the northern city of Gumushane on Friday,...
Read More

Pages