Financial services

FILE - In this Thursday, Dec. 14, 2017 file photo, President of the European Central Bank Mario Draghi speaks during a news conference in Frankfurt, Germany. Draghi says it's too soon to declare victory over weak inflation — indicating it's too early to set a definite end date for the bank's money-printing stimulus despite a strengthening economy. (AP Photo/Michael Probst, file)
February 05, 2018 - 12:59 pm
FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi said Monday that it's too soon to declare victory over weak inflation — indicating it would be premature to set a definite end date for the bank's money-printing stimulus despite a strengthening economy. Draghi's statement to a...
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FILE - In this Thursday, Dec. 14, 2017 file photo, President of the European Central Bank Mario Draghi speaks during a news conference in Frankfurt, Germany. Draghi says it's too soon to declare victory over weak inflation — indicating it's too early to set a definite end date for the bank's money-printing stimulus despite a strengthening economy. (AP Photo/Michael Probst, file)
February 05, 2018 - 12:00 pm
FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi says it's too soon to declare victory over weak inflation — indicating it would be premature to set a definite end date for the bank's money-printing stimulus despite a strengthening economy. Draghi's statement Monday to a session of...
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Jerome Powell takes the oath of office as the new chairman of the Federal Reserve, Monday, Feb. 5, 2018, in Washington. (AP Photo/Andrew Harnik)
February 05, 2018 - 9:33 am
WASHINGTON (AP) — Jerome Powell has been sworn in as the 16th chairman of the Federal Reserve in a brief ceremony in the Fed's board room. In a short video message, Powell pledged to "support continued economic growth, a healthy job market and price stability." Powell took the oath of office from...
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A man walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Monday, Feb. 5, 2018. Asian shares opened sharply lower on Monday, extending global stock losses after Wall Street's big selloff as investor anxiety grows over rising bond yields and disappointing quarterly earnings. (AP Photo/Vincent Yu)
February 05, 2018 - 8:27 am
LONDON (AP) — Stock markets around the world took another pummeling Monday as investors continued to fret over rising U.S. bond yields. KEEPING SCORE: In Europe, Britain's FTSE 100 lost 1.4 percent to 7,343 while France's CAC 40 slid 1.4 percent to 5,288. Germany's DAX shed 1 percent to 12,654...
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FILE - This Friday, Aug. 11, 2017, file photo shows a sign at a Wells Fargo bank location in Philadelphia. The Fed announced late Friday, Feb. 2, 2018, which was also Fed Chair Janet Yellen’s last day, that it was freezing Wells Fargo’s growth until it can prove it has improved its internal controls. The company’s stock slid more than 6 percent in Friday after-hours trading following the news, and are now down more than 9 percent in Monday premarket trading. (AP Photo/Matt Rourke, File)
February 05, 2018 - 7:41 am
SAN FRANCISCO (AP) — Wells Fargo is under severe pressure ahead of the first day of trading since the Federal Reserve said it would freeze growth at the bank following a series of scandals. The Fed announced after the market closed Friday that it would restrict the bank's assets to the level where...
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February 05, 2018 - 7:40 am
SAN FRANCISCO (AP) — Wells Fargo is under severe pressure ahead of the first day of trading since the Federal Reserve said it would freeze growth at the bank following a series of scandals. The Fed announced after the market closed Friday that it would restrict the bank's assets to the level where...
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February 05, 2018 - 6:25 am
FRANKFURT, Germany (AP) — Economists at the European Central Bank say that the U.S. corporate tax cut should lift the world's largest economy in the short term but warn it could erode the tax base in European countries by intensifying global competition for lower rates. Their short article,...
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February 05, 2018 - 5:25 am
FRANKFURT, Germany (AP) — Economists at the European Central Bank say that the U.S. corporate tax cut should lift the world's largest economy in the short term but could erode the tax base in European countries by intensifying global competition for lower rates. Their short article, released Monday...
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FILE - In this Friday, May 5, 2017, file photo, Federal Reserve Chair Janet Yellen smiles before giving a speech during a conference at Brown University in Providence, R.I. Yellen's last day at the Fed is Friday, Feb. 2, 2018. Then she will start a new job on Monday, Feb. 5 at the Brookings Institution. (AP Photo/Michael Dwyer, File)
February 04, 2018 - 1:26 pm
WASHINGTON (AP) — Janet Yellen said she was disappointed that President Donald Trump didn't offer her a second term as Federal Reserve chair, but supports her central bank successor, Jerome Powell, who takes over on Monday. Powell, a Fed board member since 2012, is "thoughtful, balanced, dedicated...
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FILE - In this Friday, May 5, 2017, file photo, Federal Reserve Chair Janet Yellen smiles before giving a speech during a conference at Brown University in Providence, R.I. Yellen's last day at the Fed is Friday, Feb. 2, 2018. Then she will start a new job on Monday, Feb. 5 at the Brookings Institution. (AP Photo/Michael Dwyer, File)
February 04, 2018 - 1:17 pm
WASHINGTON (AP) — Janet Yellen says she was disappointed that President Donald Trump didn't offer her a second term as Federal Reserve chair. But she says she supports her successor at the central bank, Jerome Powell, and calls him "a very thoughtful policymaker." Yellen tells CBS' "Sunday Morning...
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