Banking and credit

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...
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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 - 1:08 pm
ANKARA, Turkey (AP) — Turkey's currency recouped losses Wednesday following an emergency central bank meeting that increased the lending rate by three base points. The lira had fallen to a record low against the dollar amid concerns about an outflow of investor capital and the country's ability to...
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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...
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Trader Andrew Silverman works on the floor of the New York Stock Exchange, Tuesday, May 22, 2018. U.S. stocks are making modest gains as energy companies rise with oil prices and banks also move higher. (AP Photo/Richard Drew)
May 22, 2018 - 5:11 pm
NEW YORK (AP) — Stocks faded Tuesday afternoon and finished the day mostly lower as industrial companies and retailers fell. Smaller and more U.S.-focused companies slumped after setting records the last few days. Large industrial companies like Boeing, 3M and Caterpillar slipped, and retailers...
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May 21, 2018 - 6:51 am
NEW YORK (AP) — Fifth Third Bancorp is buying Chicago's MB Financial for about $4.7 billion, mostly in stock. MB Financial Inc., the parent company of MB Financial Bank, has approximately $20 billion in assets. Greg Carmichael, the chairman and CEO of Fifth Third Bancorp, said Monday in prepared...
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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. Richard Clarida, President Donald Trump's nominee for the No. 2 post at the Federal Reserve, pledged on Tuesday, May 15, to support the Fed's twin goals of stabilizing inflation and maximizing employment while also declaring the importance of the central bank’s independence. (AP Photo/Andrew Harnik, File)
May 15, 2018 - 4:30 pm
WASHINGTON (AP) — Richard Clarida, President Donald Trump's nominee for the No. 2 post at the Federal Reserve, pledged support Tuesday for the Fed's twin goals of stabilizing inflation and maximizing employment while also declaring the importance of the central bank's independence. Clarida, an...
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FILE - In this June 23, 2017 file photo, supporters of Iraqi Hezbollah brigades march on a representation of an Israeli flag with a portrait of late Iranian leader Ayatollah Khomeini and Iran's supreme leader Ayatollah Ali Khamenei, in Baghdad, Iraq. There may not be much Iran can do about President Donald Trump’s withdrawal from the nuclear deal, but across the Middle East, the Islamic Republic has a variety of ways it can hit back at the United States and America’s regional allies. Iran sponsors a range of Shiite militias in Iraq and enjoys deep ties to the country’s economy and political system. (AP Photo/Hadi Mizban, File)
May 15, 2018 - 12:08 pm
WASHINGTON (AP) — The United States designated the head of Iran's central bank as a terrorist on Tuesday and barred anyone around the world from doing business with him, escalating financial pressure on Iran in the wake of President Donald Trump's withdrawal from the nuclear deal. Valiollah Seif,...
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This May 3, 2017 file photo shows bananas for sale at a Whole Foods Market in Upper Saint Clair, Pa. U.S. wholesale prices edged up just 0.1 percent in April 2018 held down by a big drop in food costs. It was the smallest gain in four months. The April increase in the Labor Department’s producer price index, which measures inflation pressures before they reach consumers, followed a 0.3 percent rise in March, the government reported Wednesday, May 9. (AP Photo/Gene J. Puskar)
May 10, 2018 - 11:34 am
WASHINGTON (AP) — American drivers paid more for gas, but overall consumer prices rose only modestly in April, a sign that inflation remains mild. The modest pace of consumer inflation may send a reassuring signal to the Federal Reserve, which is considering how quickly to raise interest rates this...
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FILE - This Friday, Jan. 15, 2016, file photo shows a sign for a Wall Street subway station in New York. The major U.S. stock indexes edged higher in early trading Friday, May 11, 2018 as gains in health care companies and banks outweighed losses elsewhere. Technology stocks and utilities were laggards. Crude oil prices headed lower. (AP Photo/Mark Lennihan, File)
May 09, 2018 - 4:38 pm
Technology companies and banks helped power U.S. stocks to solid gains Wednesday, improving on the market's flat finish a day earlier. Energy stocks led the gainers after the price of crude oil climbed back above $70 a barrel a day after the U.S. moved to withdraw from a nuclear accord with Iran...
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FILE - This April 5, 2018 file photo shows a building's address on Wall Street, in New York. Stocks are opening slightly lower on Wall Street, Tuesday, May 8, 2018, as the market gives back some of the gains it made the day before. (AP Photo/Richard Drew)
May 08, 2018 - 12:33 pm
U.S. stocks fell in midday trading Tuesday as losses in health care, utilities and other sectors outweighed gains in banks and industrial companies. Energy stocks also declined as crude oil prices slumped more than 2 percent ahead of an afternoon announcement by the White House on whether the U.S...
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