Financial crisis

May 24, 2018 - 7:07 pm
CHERRY HILL, N.J. (AP) — Many pension funds for public workers already owe far more in retirement benefits than they have in the bank, and the problem will only grow worse if the economy slows down, according to a report released Thursday. The study from The Pew Charitable Trusts found that the New...
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President Donald Trump shows off the "Economic Growth, Regulatory Relief, and Consumer Protection Act," in the Roosevelt Room of the White House, Thursday, May 24, 2018, in Washington. (AP Photo/Evan Vucci)
May 24, 2018 - 4:16 pm
WASHINGTON (AP) — President Donald Trump on Thursday signed into law a measure that loosens key restraints for banks imposed after the 2008 financial crisis and Great Recession. Savoring the legislative triumph, he called it "the next step in America's unprecedented economic comeback." The...
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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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Four people row a boat over the river Main as the sun sets over the buildings of the skyline district in Frankfurt, Germany, Thursday, May 17, 2018. (AP Photo/Michael Probst)
May 23, 2018 - 6:28 am
LONDON (AP) — A much-anticipated economic pick-up across the 19-country eurozone does not appear to be materializing yet, if one closely-watched survey is anything to go by. Financial information firm IHS Markit said Wednesday that its purchasing managers' index for the eurozone — a broad gauge of...
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May 22, 2018 - 10:17 pm
WASHINGTON (AP) — The Latest on legislation to roll back rules for banks (all times local): 5:45 p.m. Congress has moved to dismantle some key rules for banks that were installed to prevent a replay of the 2008 financial crisis. The House voted 258-159 to approve legislation rolling back the...
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May 21, 2018 - 2:54 pm
HARRISBURG, Pa. (AP) — A new lawsuit blames lawyers, engineers and financial experts for a trash incinerator project that nearly bankrupted the city of Harrisburg, calling it "the worst municipal financial disaster" in state history. The state and the city on Monday sued four law firms, two...
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Venezuela's President Nicolas Maduro showed his ID after voting during presidential elections in Caracas, Venezuela, Sunday, May 20, 2018. Amidst hyperinflation and shortages of food and medicine Maduro is seeking a second six-year term in an election that a growing chorus of foreign governments refuse to recognize after key opponents were barred from running. (AP Photo/Ariana Cubillos)
May 20, 2018 - 11:25 pm
CARACAS, Venezuela (AP) — The latest on Sunday's presidential election in Venezuela (all times local): 11:25 p.m. Venezuelan President Nicolas Maduro is celebrating his re-election in an energized speech inviting his defeated challengers to join him for a dialogue about the country's future. Maduro...
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In this May 11, 2018 photo, Vaceliza Villa holds a bag of raw chicken skin in an outdoor market, as a boisterous electoral campaign marches past, in Caracas, Venezuela. “I really don’t care what happens on Sunday,” said Villa, 47, holding up her bag of raw chicken skins to feed herself and her 6-year-old daughter for the week. “My priority is paying for this.” (AP Photo/Fernando Llano)
May 17, 2018 - 11:35 am
CARACAS, Venezuela (AP) — Venezuela's presidential candidates are making their last-minute pitches before Sunday's election, though many people are hardly noticing as they struggle to find their next meal and pay for it with money that is next to worthless under runaway inflation. Pausing on a...
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May 10, 2018 - 4:03 am
LONDON (AP) — Royal Bank of Scotland says it has tentatively agreed to pay $4.9 billion to settle U.S. Department of Justice claims that it misled investors over the sale of mortgage-backed securities before the 2008 financial crisis. The settlement marks a watershed moment for RBS, which was...
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Defeated Malaysian Prime Minister Najib Razak during a press conference in Kuala Lumpur, Malaysia on Thursday, May 10, 2018. Official results from Malaysia's national election show the opposition alliance led by the country's former authoritarian ruler Mahathir Mohamad has won a majority in parliament, ending the 60-year rule of the National Front. (AP Photo/Aaron Favila)
May 10, 2018 - 1:30 am
KUALA LUMPUR, Malaysia (AP) — The Latest on Malaysia's election (all times local): 1:30 p.m. The election victory of opposition parties led by Malaysia's former authoritarian leader Mahathir Mohamad has raised uncertainty for the economy and for big projects linked to China's regional...
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