Banking and credit

April 06, 2017 - 6:36 am
FRANKFURT, Germany (AP) — A top U.S. Federal Reserve official says the central bank would likely move in a measured way after it decides to reduce its large bond holdings. San Francisco Federal Reserve President John Williams said there was a case to be made for moving slowly since reducing the...
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People seat in a coffee bar in Milan, Italy, Wednesday, April 5, 2017. (AP Photo/Luca Bruno)
April 06, 2017 - 5:16 am
FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi insisted Thursday that the bank's stimulus efforts were still needed, while acknowledging that the risks to the economy across the 19-country eurozone appear to have diminished. "The recovery is progressing and now may be gaining...
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April 06, 2017 - 4:28 am
FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi insisted Thursday that the bank's stimulus efforts were still needed, while acknowledging that the risks to the economic recovery across the 19-country eurozone appear to have diminished. In a speech Thursday, Draghi said "the...
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April 06, 2017 - 3:41 am
FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi says the recovery is gaining momentum in the 19 countries that use the euro currency but insisted that the bank's stimulus efforts were still needed. Draghi said Thursday in a speech that "the recovery is progressing and now may be...
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April 05, 2017 - 6:08 pm
WASHINGTON (AP) — Federal Reserve officials last month discussed the possibility of reducing their enormous portfolio of bond holdings later this year, sooner than many investors have been expecting. The Fed's bond holdings have kept downward pressure on interest rates. If its policy committee...
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April 05, 2017 - 2:24 pm
WASHINGTON (AP) — Federal Reserve officials last month struggled to come to grips with two big uncertainties facing the U.S. economy — whether it would be safe to let inflation rise faster for a while and how to assess the impact of President Donald Trump's ambitious economic stimulus plans...
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Peabody Energy Corp. President & CEO Glenn Kellow, second from right, joined by company CFO Amy Schwetz, rings a ceremonial bell as his company's stock begins trading on the floor of the New York Stock Exchange, Tuesday, April 4, 2017. The nation's largest coal producer, Peabody Energy Corp., said Monday that it has emerged from bankruptcy protection after a year. The St. Louis company said it reduced costs and slashed its debt load by more than $5 billion in the past year. (AP Photo/Richard Drew)
April 04, 2017 - 4:48 pm
NEW YORK (AP) — U.S. stocks hardly moved Tuesday as investors were slow to dip a toe back into the market, although energy companies did climb with the price of oil and natural gas. Banks and retailers took losses. Stock indexes flickered between tiny gains and losses throughout the day before they...
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FILE - In this Monday, Dec. 17, 2012, file photo, Jeffrey Lacker, president of the Richmond Federal Reserve, speaks during the Charlotte Chamber's 11th Annual Economic Outlook Conference in Charlotte, N.C. Lacker announced Tuesday, April 4, 2017, that he was resigning effective immediately after acknowledging improper discussions with a financial analyst that later became the subject of a lengthy investigation into leaks at the Fed. (AP Photo/Chuck Burton, File)
April 04, 2017 - 4:20 pm
WASHINGTON (AP) — Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, announced Tuesday that he was resigning effective immediately after acknowledging improper discussions with a financial analyst that later became the subject of a lengthy investigation into leaks at the Fed. In a...
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April 04, 2017 - 4:08 pm
WASHINGTON (AP) — Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, announced Tuesday that he was resigning effective immediately after acknowledging improper discussions with a financial analyst that later became the subject of a lengthy investigation into leaks at the Fed. In a...
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April 04, 2017 - 1:53 pm
WASHINGTON (AP) — Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, has resigned after acknowledging improper discussions with a financial analyst. Lacker said that in 2012 he spoke to an analyst at Medley Global Advisers who possessed "highly confidential" information about...
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