Industry regulation

FILE - In this Jan. 15, 2015, file photo, a Citibank sign hangs above a branch office in New York. On Tuesday, Jan. 16, 2018, Citigroup Inc. reports financial results. (AP Photo/Mark Lennihan, File)
January 16, 2018 - 8:26 am
NEW YORK (AP) — Citigroup lost $18.3 billion in the fourth quarter as the bank had to take more than $20 billion in accounting write-downs related to the new tax law. The bank had a loss of $7.15 a share, compared with a profit of $3.57 billion, or $1.14 a share, in the same period a year ago...
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A man watches a screen showing the prices of bitcoin at a virtual currency exchange office in Seoul, South Korea, Tuesday, Jan. 16, 2018. Prices of bitcoin and other digital currencies have skidded after South Korea's top financial policymaker said a crackdown on trading of crypto currencies was still possible. (AP Photo/Ahn Young-joon)
January 16, 2018 - 3:48 am
SEOUL, South Korea (AP) — Prices of bitcoin and other digital currencies have skidded after South Korea's top financial policymaker said Tuesday that a crackdown on trading of crypto currencies was still possible. Finance Minister Kim Dong-yeon said in an interview with local radio station TBS that...
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January 16, 2018 - 2:34 am
SEOUL, South Korea (AP) — Prices of bitcoin and other digital currencies have skidded after South Korea's top financial policymaker said a crackdown on trading of crypto currencies was still possible. Finance Minister Kim Dong-yeon said Tuesday in an interview with local radio station TBS that...
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January 15, 2018 - 9:49 am
PARIS (AP) — France's finance minister says he wants new regulation targeted at virtual currencies, to stop them from being used for tax evasion, financing terrorism and other crime. Bruno Le Maire said in a sweeping economic speech Monday that he has ordered a former central bank chief to draft...
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A man walks by an electronic stock board of a securities firm in Tokyo, Monday, Jan. 15, 2018. Asian stock markets edged higher on Monday after Wall Street's strong finish last week. The U.S. dollar weakened against most major currencies, including the Japanese yen. (AP Photo/Koji Sasahara)
January 15, 2018 - 1:38 am
SEOUL, South Korea (AP) — Asian stock markets were mostly higher on Monday after Wall Street's strong finish last week. The U.S. dollar weakened against most major currencies, including the Japanese yen. KEEPING SCORE: Japan's Nikkei 225 rose 0.3 percent to 23,714.88 and South Korea's Kospi added 0...
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January 13, 2018 - 12:24 pm
ALBANY, N.Y. (AP) — In this week's New York state government news, Democratic Gov. Andrew Cuomo is poised to unveil his state budget proposal, a spending plan that's likely to include calls for big changes to state taxes. Cuomo plans to release his budget proposal Tuesday. He's said he's...
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In this Thursday, Jan. 11, 2018 photo, employees work at the DraftKings office in Boston. The leading daily fantasy sports company has launched a new sports game that lets users hone in on a single NFL football playoff game, which has some gambling experts wondering if the contest inches the industry closer to the territory of sports betting that remains illegal in most of the United States. (AP Photo/Charles Krupa)
January 12, 2018 - 7:56 pm
BOSTON (AP) — A new daily fantasy sports game that lets users hone in on a single NFL playoff game has some gambling experts wondering if the contest inches the industry closer to the territory of sports betting that remains illegal in most of the United States. The "Showdown" variant offered by...
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FILE - In this Thursday, Jan. 11, 2018, file photo, President Donald Trump, right, and Kentucky Gov. Matt Bevin, left, talk during a prison reform roundtable in the Roosevelt Room of the Washington. Kentucky has become the first state to win approval from the Trump administration requiring many of its Medicaid recipients to work to receive coverage. The Trump administration gave the go ahead Friday, Jan. 12, 2018. (AP Photo/Carolyn Kaster, File)
January 12, 2018 - 5:12 pm
FRANKFORT, Ky. (AP) — Kentucky has become the first state to require many of its Medicaid recipients to work to receive coverage, part of an unprecedented change to the nation's largest health insurance program under the Trump administration. The Centers for Medicare and Medicaid Services announced...
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This photo combo of file images shows signage at branches of Wells Fargo and Chase banks in New York. On Friday, Jan. 12, 2018, Wells Fargo and JPMorgan Chase indicated that they expect to see significant future benefits from the recently enacted GOP tax bill, through both lower taxes and increased business. (AP Photo/CX Matiash, Frank Franklin II)
January 12, 2018 - 4:13 pm
NEW YORK (AP) — Two of the nation's biggest banks — JPMorgan Chase and Wells Fargo — indicated Friday that they expect to see significant future benefits from the recently enacted GOP tax bill, through both lower taxes and increased business. The comments came as the two companies reported their...
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FILE - This Wednesday, Aug. 17, 2016, file photo, shows a Chase bank branch in North Miami Beach, Fla. JPMorgan Chase & Co. reports earnings, Friday, Jan. 12, 2018. (AP Photo/Wilfredo Lee, File)
January 12, 2018 - 3:55 pm
NEW YORK (AP) — Two of the nation's biggest banks — JPMorgan Chase and Wells Fargo — indicated Friday that they expect to see significant future benefits from the recently enacted GOP tax bill, through both lower taxes and increased business. The comments came as the two companies reported their...
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