Banking and credit

U.S. Federal Reserve Chair Janet Yellen speaks with G30 Chairman Singapore Deputy Prime Minister Tharman Shanmugaratnam during the G30 International Banking Seminar, at Inter-American Development Bank headquarters in Washington, Sunday, Oct. 15, 2017. ( AP Photo/Jose Luis Magana)
October 15, 2017 - 2:19 pm
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen on Sunday sketched a bright outlook for the U.S. economy and for inflation prospects in coming months, saying the impact of the recent hurricanes will likely slow economic growth slightly but only temporarily and should be followed by a rebound...
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White House senior adviser Ivanka Trump speaks at the forum Taking Women-Owned Business to the Next Level, on the sidelines of the World Bank/IMF annual meetings in Washington, Saturday, Oct. 14, 2017. ( AP Photo/Jose Luis Magana)
October 14, 2017 - 1:12 pm
WASHINGTON (AP) — The Latest on global financial meetings in Washington (all times local): 12:55 p.m. White House adviser Ivanka Trump is offering herself as a global mentor to women in the business world. President Donald Trump's daughter is speaking at a conference in Washington that's rolling...
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Germany Finance Minister Wolfgang Schäuble speaks during a news conference, after the G20 finance ministers and central bank governors meeting, on the sidelines of the World Bank/IMF Annual Meetings in Washington, Friday, Oct. 13, 2017. ( AP Photo/Jose Luis Magana)
October 13, 2017 - 5:10 pm
WASHINGTON (AP) — Global finance officials on Friday defended their efforts to promote free trade and closer international links against a rising ride of populism around the world and criticism from a Trump administration intent on pursuing its "America First" agenda. Finance ministers from the...
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This Monday, Jan. 11, 2016, photo shows a Chase bank branch in New York. JPMorgan Chase & Co. reports earnings Thursday, Oct. 12, 2017. (AP Photo/Mark Lennihan)
October 12, 2017 - 6:25 pm
NEW YORK (AP) — JPMorgan Chase & Co. third-quarter profits rose 7 percent from a year earlier, as the bank as able to increase revenue in its consumer banking business even though the company saw a sizeable drop in trading revenue in the quarter. The biggest bank by deposits and assets said...
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White House Chief of Staff John Kelly listen to a reporter's question during the daily briefing at the White House in Washington, Thursday, Oct. 12, 2017. (AP Photo/Susan Walsh)
October 12, 2017 - 6:21 pm
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Thursday that President Donald Trump hopes to decide within a month whom he will choose to lead the Federal Reserve starting next year but is still going through the interview process. Trump said two weeks ago that he had had four meetings to...
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International Monetary Fund (IMF) Managing Director Christine Lagarde, speaks during a news conference at World Bank/IMF Annual Meetings in Washington, Thursday, Oct. 12, 2017. ( AP Photo/Jose Luis Magana)
October 12, 2017 - 2:49 pm
WASHINGTON (AP) — The head of the International Monetary Fund said Thursday that a number of threats could derail the global economic recovery, despite signs that 2017 will be the best year for global growth since 2010. IMF Managing Director Christine Lagarde warned that global financial leaders...
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October 10, 2017 - 2:38 pm
WILMINGTON, Del. (AP) — Wilmington Trust Corp., the first financial institution to be criminally charged in connection with the federal bank bailout program, reached a $60 million settlement with prosecutors Tuesday just as the corporation and four former top executives were set to go to trial on...
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October 09, 2017 - 4:41 am
FRANKFURT, Germany (AP) — The European Central Bank says banks under its jurisdiction appear well-prepared to face unexpectedly higher interest rates. The ECB's banking supervision division released results Monday of a stress test that showed suddenly rising rates would increase net interest income...
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FILE - This July 15, 2013, file photo, shows the New York Stock Exchange. U.S. stocks faded a bit from their record highs in early trading Friday, Oct. 6, 2017, and the Standard & Poor’s 500 index was on pace to snap its longest winning streak in four years. (AP Photo/Mark Lennihan, File)
October 06, 2017 - 2:56 pm
NEW YORK (AP) — U.S. stocks faded from their record highs on Friday, and the Standard & Poor's 500 index was on track to fall for the first time in nearly two weeks. Energy stocks were particularly weak following another drop in the price of oil. Treasury yields climbed after a report showed...
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FILE - In this Nov. 12, 2013, file photo, Consumer Financial Protection Bureau Director Richard Cordray testifies before a Senate Committee on Banking hearing on Capitol Hill in Washington. The CFPB announced new restrictions Thursday, Oct. 5, 2017, on the payday lending industry, a move that is likely to face resistance in Congress. (AP Photo/Jacquelyn Martin, File)
October 05, 2017 - 3:40 pm
NEW YORK (AP) — Payday and auto title lenders will have to adhere to stricter rules that could significantly curtail their business under rules finalized Thursday by a federal regulator. But the first nationwide regulation of the industry is still likely to face resistance from Congress. The...
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