Banking and credit

FILE - In this Wednesday, Jan. 1, 2014 file photo, Gov. of Bank of Latvia Ilmars Rimsevics holds a euro note in Riga, Lavia. The Latvian official on the European Central Bank’s top policymaking council, Ilmars Rimsevics, will miss a scheduled meeting Wednesday Feb. 21, 2018, amid an investigation into reported corruption. (AP Photo/Roman Koksarov, File)
February 22, 2018 - 10:39 am
RIGA, Latvia (AP) — The European Central Bank said Thursday it doesn't have the power to investigate money laundering in individual nations, a thinly veiled hint that it is up to member state Latvia to clear up its ongoing corruption scandal. The ECB issued a statement saying that fighting money...
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FILE - In this Wednesday, Jan. 1, 2014 file photo, Gov. of Bank of Latvia Ilmars Rimsevics holds a euro note in Riga, Lavia. The Latvian official on the European Central Bank’s top policymaking council, Ilmars Rimsevics, will miss a scheduled meeting Wednesday Feb. 21, 2018, amid an investigation into reported corruption. (AP Photo/Roman Koksarov, File)
February 22, 2018 - 9:38 am
RIGA, Latvia (AP) — The European Central Bank says it doesn't have the power to investigate money laundering in individual nations, a thinly veiled hint that it is up to member state Latvia to clear up its ongoing corruption scandal. The ECB issued a statement Thursday saying that fighting money...
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A worker takes a break outside a store under construction in Madrid, Spain, Tuesday, Feb. 20, 2018. (AP Photo/Paul White)
February 22, 2018 - 9:13 am
FRANKFURT, Germany (AP) — The European Central Bank could indicate as soon as March that it is mulling an earlier end to its stimulus program, minutes to the bank's last policy meeting suggested Thursday. According to the minutes to the Jan. 25 meeting, the ECB rate-setters said the "language...
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FILE- In this Oct. 2, 2014, file photo, the Wall Street subway stop on Broadway, in New York's Financial District. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Feb. 21, 2018. (AP Photo/Richard Drew, File)
February 21, 2018 - 3:58 pm
Stocks indexes pared early gains Wednesday and were mostly lower in afternoon trading as investors reacted to a late-afternoon surge in bond yields. Bond prices fell, sending the yield on the U.S. 10-year Treasury note to its highest level in four years, following newly released minutes from the...
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FILE- In this Feb. 5, 2018, file photo, the seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington. The Federal Reserve releases minutes from its January meeting on Wednesday, Feb. 21. (AP Photo/Andrew Harnik, File)
February 21, 2018 - 3:15 pm
WASHINGTON (AP) — Federal Reserve officials at their January meeting believed that a brightening global economic picture and the effects of recently passed tax cuts had raised the prospect for solid growth and continued interest rate increases. The minutes of the Fed's Jan. 30-31 discussions showed...
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FILE - In this Sunday, July 13, 2007 file photo, Governor of the Bank of Latvia Ilmars Rimsevics speaks during an interview with The Associated Press in Riga, Latvia. Latvia's state broadcaster said Saturday Feb. 18, 2018, that the national anti-corruption agency raided the office and a property of the head of the country's central bank, Ilmars Rimsevics. (AP Photo/Roman Koksarov, File)
February 20, 2018 - 6:01 pm
LONDON (AP) — Latvia's official on the European Central Bank's top policymaking council rejected calls to resign Tuesday amid suspicions of bribery and an Associated Press report on allegations of extortion and connections to money laundering. Ilmars Rimsevics, who was detained Saturday and...
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India's opposition Congress party supporters shout slogansas they burn an effigy of Prime Minister Narendra Modi as they protest against the alleged $1.8 billion bank fraud in Lucknow, India, Tuesday, Feb. 20, 2018. (AP Photo/Rajesh Kumar Singh)
February 20, 2018 - 1:34 pm
NEW DELHI (AP) — India's federal investigating agency on Tuesday arrested another five executives as it swooped down on companies run by two main suspects in an alleged $1.8 billion bank fraud case that continued for six years. Central Bureau of Investigation spokesman Abhished Dayal said the five...
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FILE - In this Sunday, July 13, 2007 file photo, Governor of the Bank of Latvia Ilmars Rimsevics speaks during an interview with The Associated Press in Riga, Latvia. Latvia's state broadcaster said Saturday Feb. 18, 2018, that the national anti-corruption agency raided the office and a property of the head of the country's central bank, Ilmars Rimsevics. (AP Photo/Roman Koksarov, File)
February 20, 2018 - 8:38 am
LONDON (AP) — Latvia's official on the European Central Bank's main policymaking council refused Tuesday to heed calls to resign following an investigation into suspected bribery and an Associated Press report on allegations of extortion and connections to money laundering. Ilmars Rimsevics, who...
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FILE - In this Sunday, July 13, 2007 file photo, Governor of the Bank of Latvia Ilmars Rimsevics speaks during an interview with The Associated Press in Riga, Latvia. Latvia's state broadcaster said Saturday Feb. 18, 2018, that the national anti-corruption agency raided the office and a property of the head of the country's central bank, Ilmars Rimsevics. (AP Photo/Roman Koksarov, File)
February 20, 2018 - 6:38 am
RIGA, Latvia (AP) — The head of Latvia's central bank says he will not resign following an investigation into suspected bribery and an Associated Press report on allegations that he sought bribes from a local bank. Ilmars Rimsevics, who is also on the European Central Bank's top policymaking...
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February 20, 2018 - 3:50 am
NEW DELHI (AP) — India's federal investigating agency says it has arrested six people in an alleged $1.8 billion bank fraud case. Abhished Dayal, a Central Bureau of Investigation spokesman, said Tuesday that five bank workers and an employee of billionaire jeweler and suspect Nirav Modi were...
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