Banking and credit

President Donald Trump shows off the "Economic Growth, Regulatory Relief, and Consumer Protection Act," in the Roosevelt Room of the White House, Thursday, May 24, 2018, in Washington. (AP Photo/Evan Vucci)
May 24, 2018 - 4:16 pm
WASHINGTON (AP) — President Donald Trump on Thursday signed into law a measure that loosens key restraints for banks imposed after the 2008 financial crisis and Great Recession. Savoring the legislative triumph, he called it "the next step in America's unprecedented economic comeback." The...
Read More
President Donald Trump speaks during a signing ceremony for the "Economic Growth, Regulatory Relief, and Consumer Protection Act," in the Roosevelt Room of the White House, Thursday, May 24, 2018, in Washington. In a dramatic diplomatic turn, Trump on Thursday canceled next month's summit with North Korea's Kim Jong Un, citing the "tremendous anger and open hostility" in a recent statement by the North. (AP Photo/Evan Vucci)
May 24, 2018 - 12:25 pm
WASHINGTON (AP) — President Donald Trump has signed into law a measure loosening key restraints for banks that came in the wake of the 2008 financial crisis and Great Recession. Trump savored the legislative triumph Thursday. The Republican-led legislation cleared Congress on Tuesday with the help...
Read More
FILE - In this Thursday, Feb, 2, 2017 file photo, a traffic sign stands near to the headquarters of Deutsche Bank ahead of the bank's annual press conference in Frankfurt, Germany. Germany’s struggling Deutsche Bank says it’s slashing thousands of jobs as it reshapes its stocks trading business and tries to limit costs. The bank said Thursday, May 24, 2018 it would cut its workforce from 97,000 to “well below” 90,000. (AP Photo/Michael Probst, File)
May 24, 2018 - 5:45 am
FRANKFURT, Germany (AP) — Deutsche Bank is slashing thousands of jobs as Germany's largest lender refocuses its global investment banking business on Europe and seeks to return to steady profitability. The bank said Thursday it would cut its workforce from 97,000 to "well below" 90,000 in order to...
Read More
May 24, 2018 - 3:08 am
FRANKFURT, Germany (AP) — Germany's struggling Deutsche Bank says it's slashing thousands of jobs as it reshapes its stocks trading operation and refocuses its global investment banking business on its European base. The bank said Thursday it would cut its workforce from 97,000 to "well below" 90,...
Read More
A woman stands with a parasol in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, May 24, 2018. Shares are mixed in Asia after U.S. stocks reversed early losses and finished higher after the Federal Reserve signaled it is not in a hurry to raise interest rates. Tokyo’s Nikkei 225 index slipped 1.2 percent as the yen gained against the U.S. dollar. Shares also fell in Shanghai, Australia and South Korea but rose in Hong Kong and Indonesia. (AP Photo/Eugene Hoshiko)
May 24, 2018 - 12:12 am
BANGKOK (AP) — Shares were mixed in Asia on Thursday after U.S. stocks reversed early losses and finished higher as investors appraised the Federal Reserve's signal that it is not in a hurry to raise interest rates. KEEPING SCORE: Japan's Nikkei 225 index fell 1.2 percent to 22,418.18 and the Kospi...
Read More
FILE- In this April 6, 2018, file photo, Federal Reserve Chairman Jerome Powell listens as he tours mHUB during a visit to Chicago. The Federal Reserve releases minutes from its most recent policymakers’ meeting on Wednesday, May 23. (AP Photo/Charles Rex Arbogast, File)
May 23, 2018 - 5:02 pm
WASHINGTON (AP) — Federal Reserve officials earlier this month suggested that another rate hike was on the way soon, while also noting several risks facing the economy, ranging from rising wage pressures to potential harm from the Trump administration's trade policies. The minutes of the Fed's May...
Read More
An employee of a currency exchange shop uses his mobile outside the shop in a market in Istanbul, Wednesday, May 23, 2018. Turkey's currency has fallen to a record low against the dollar amid concerns about an outflow of investor capital and the country's ability to manage the situation. (AP Photo/Lefteris Pitarakis)
May 23, 2018 - 3:20 pm
ANKARA, Turkey (AP) — Under pressure to act, Turkey's central bank sharply raised its key lending rate Wednesday to try to stem an outflow of capital from the country, control inflation and support the beleaguered currency. The Turkish lira regained some of its value after the bank's monetary...
Read More
In this May 22, 2018 photo a thunderbolt goes down behind the banking district in Frankfurt, Germany. (Frank Rumpenhorst/dpa via AP)
May 23, 2018 - 10:18 am
FRANKFURT, Germany (AP) — Bulgaria has hit a setback to its hopes of soon becoming a member of the shared euro currency after the European Central Bank said the EU's poorest country needs "wide-ranging" reforms to get its economy in shape. That assessment came in the ECB's report card Wednesday on...
Read More
In this May 22, 2018 photo a thunderbolt goes down behind the banking district in Frankfurt, Germany. (Frank Rumpenhorst/dpa via AP)
May 23, 2018 - 9:35 am
FRANKFURT, Germany (AP) — Bulgaria has hit a setback to its hopes of soon becoming a member of the shared euro currency after the European Central Bank said the EU's poorest country needs "wide-ranging" reforms to get its economy in shape to join. The statement came in the ECB's report card...
Read More
Turkey's president Recep Tayyip Erdogan delivers his speech in Sarajevo, Bosnia, on Sunday, May 20, 2018. Turkey's president Recep Tayyip Erdogan arrived in the Bosnian capital to address supporters living in Europe, ahead of snap elections in his country. Turkey will vote on June 24, more than a year earlier than scheduled, in parliamentary and presidential elections, ushering in a new system of governance. (AP Photo/Amel Emric)
May 23, 2018 - 5:45 am
ANKARA, Turkey (AP) — Turkey's currency, the lira, has fallen to a record low against the dollar amid concerns about an outflow of investor capital and the country's ability to manage the situation. The lira dropped to over 4.80 per dollar on Wednesday, down some 5 percent since Tuesday. The...
Read More

Pages