Banking and credit

Malaysian opposition leader Wan Azizah, center, and the opposition party members are gather outside the Bank Negara Malaysia (BNM) the country's central bank in Kuala Lumpur, Malaysia on Thursday, Aug. 3, 2017. Malaysian opposition lawmakers have urged the central bank to reopen its investigation into indebted state investment fund 1MDB that is under being probed in several countries for money laundering and implicating Prime Minister Najib Razak. (AP Photo/Daniel Chan)
August 03, 2017 - 3:57 am
KUALA LUMPUR, Malaysia (AP) — Malaysian opposition lawmakers urged the central bank Thursday to reopen its investigation into indebted state investment fund 1MDB that is being probed in several countries for money laundering and implicating Prime Minister Najib Razak. Some 30 lawmakers staged a...
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FILE - This April 11, 2017, photo shows a Wells Fargo bank in northeast Jackson, Miss. Wells Fargo said Thursday, Aug. 31, 2017, that 3.5 million customers were impacted by its fake accounts scandal, a dramatic increase from the 2.1 million accounts it originally estimated. (AP Photo/Rogelio V. Solis, File)
August 02, 2017 - 4:43 pm
NEW YORK (AP) — The heat on Wells Fargo over its auto lending business has intensified, with customers filing at least three lawsuits, politicians calling for hearings and a bank regulator issuing a subpoena for records. Wells Fargo, still trying to recover from a fake accounts scandal, said last...
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Reserve Bank of India Governor Urjit Patel, looks on during a press conference in Mumbai, India, Wednesday, Aug. 2, 2017. India's central bank Wednesday cuts its key interest rate by a quarter of a percentage point on Wednesday, raising hopes of lower borrowing costs for households as inflation ebbs. (AP Photo/Rajanish Kakade)
August 02, 2017 - 9:12 am
NEW DELHI (AP) — India's central bank cut its key interest rate by a quarter of a percentage point on Wednesday, raising hopes of lower borrowing costs for households as inflation ebbs. The announcement by the Reserve Bank of India reduced to 6 percent its repo rate, the interest rate it charges on...
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FILE - In this Tuesday, June 13, 2017, file photo, roofs of shanties are covered with plastic sheets as protection against monsoon rains in Mumbai, India. India's central bank has cuts its key interest rate by a quarter of a percentage point, raising hopes of lower borrowing costs for households as inflation ebbs. The announcement by the Reserve Bank of India on Wednesday, Aug. 2, reduced its repo rate to 6 percent. (AP Photo/Rafiq Maqbool, File)
August 02, 2017 - 6:35 am
NEW DELHI (AP) — India's central bank Wednesday cuts its key interest rate by a quarter of a percentage point on Wednesday, raising hopes of lower borrowing costs for households as inflation ebbs. The announcement by the Reserve Bank of India reduced to 6 percent its repo rate, the interest rate...
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August 02, 2017 - 5:48 am
NEW DELHI (AP) — India's central bank has cuts its key interest rate by a quarter of a percentage point, raising hopes of lower borrowing costs for households as inflation ebbs. The announcement by the Reserve Bank of India on Wednesday reduced its repo rate to 6 percent. This is the rate at which...
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FILE - In this Monday, July 31, 2017, file photo, U.S. President Donald Trump speaks to the media in the Oval Office, in Washington. The stock market has never been higher, and Trump would like more people to pay attention. On Tuesday, Aug. 1, 2017, Trump tweeted about the strength of the stock market since he took office. (AP Photo/Evan Vucci, File)
August 01, 2017 - 4:09 pm
NEW YORK (AP) — The stock market has never been higher, and President Donald Trump would like more people to pay attention. "Stock Market could hit all-time high (again) 22,000 today," Trump tweeted Tuesday about the Dow Jones industrial average. "Was 18,000 only 6 months ago on Election Day...
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In this Wednesday, April 26, 2017, photo, 2017 Buick automobiles appear on display in the showroom at a GMC Buick dealership in Miami. U.S. sales of new cars and trucks were expected to show a decline in July 2017 as consumers pulled back on purchases and waited for Labor Day deals. July likely marked the seventh straight month of declines in a peaking market. (AP Photo/Alan Diaz)
August 01, 2017 - 10:36 am
DETROIT (AP) — U.S. sales of new cars and trucks showed declines in July as consumers pulled back on purchases and hoped for Labor Day deals. July was likely the seventh straight month of lower sales in a peaking market. Analysts have been predicting lower U.S. sales this year after an...
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A woman poses for a photograph as she shows a Hong Kong one hundred dollars banknote at the HSBC building in Hong Kong, Monday, July 31, 2017. HSBC is reporting that pretax profit rose 12 percent in the first half as revenue expanded faster than costs and higher interest rates fattened margins for its Hong Kong lending business. (AP Photo/Kin Cheung)
July 31, 2017 - 4:33 am
HONG KONG (AP) — HSBC said Monday it plans to buy back another $2 billion in shares after reporting a strong set of quarterly profits thanks to higher interest rates that helped fatten margins for its lending business. The London-based global bank, which earns most of its income in Asia, said it...
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A man takes an escalator at the HSBC building in Hong Kong, Monday, July 31, 2017. HSBC is reporting that pretax profit rose 12 percent in the first half as revenue expanded faster than costs and higher interest rates fattened margins for its Hong Kong lending business. (AP Photo/Kin Cheung)
July 31, 2017 - 1:55 am
HONG KONG (AP) — HSBC said Monday it plans to buy back another $2 billion in shares after reporting a strong set of quarterly profits thanks to higher interest rates that helped fatten margins for its lending business. The London-based global bank, which earns most of its income in Asia, said it...
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This Monday, July 10, 2017, photo shows a house for sale, in North Andover, Mass. On Thursday, July 27, 2017, Freddie Mac releases weekly mortgage rates. (AP Photo/Elise Amendola)
July 27, 2017 - 1:10 pm
WASHINGTON (AP) — Long-term U.S. mortgage rates fell this week for the second week in a row, despite the Federal Reserve's efforts to lift borrowing costs. Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate mortgages slid to 3.92 percent from 3.96 percent the previous week. While...
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