Financial crisis

Democratic presidential candidate Mike Bloomberg gives his thumbs-up after speaking during a campaign event at Hardywood Park Craft Brewery in Richmond, Va., Saturday, Feb. 15, 2020. (James H. Wallace/Richmond Times-Dispatch via AP)
February 17, 2020 - 11:10 am
CARSON CITY, Nev. (AP) — With the Nevada caucuses less than a week away, Democratic presidential candidates campaigning were fixated on a rival who wasn't contesting the state. Bernie Sanders, Joe Biden, Amy Klobuchar, Elizabeth Warren and Pete Buttigieg all went after billionaire Mike Bloomberg...
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European Central Bank President Christine Lagarde addresses European Parliament lawmakers during a monetary dialogue meeting at the European Parliament in Brussels, Thursday, Feb. 6, 2020. (AP Photo/Francisco Seco)
February 14, 2020 - 10:59 am
FRANKFURT, Germany (AP) — Imagine a mortgage that pays you the interest, not the other way around. Or a savings account where it's the bank, not the saver, who collects interest. Welcome to the upside-down world of ultra-low and negative interest rates that is taking hold in many parts of the world...
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Cyprus' President Nicos Anastasiades, center, and Mustafa Akinci, centre right, the leader of the ethnically divided island's breakaway Turkish Cypriots, attend an exhibition of culturally significant paintings and audio visual recordings that were recently exchanged as part of an effort to boost confidence between the ethnically divided island nation's two communities, at the Ledra Palace Hotel inside the UN controlled buffer zone in divided capital Nicosia, Cyprus, Monday, Feb. 3, 2020. (AP Photo/Petros Karadjias)
February 14, 2020 - 9:28 am
NICOSIA, Cyprus (AP) — Defaulted loans are a prime economic issue for Cyprus, which since a 2013 financial crisis has seen overdue payments weigh on consumers and banks. Yet a government scheme to ease the problem has not been embraced by borrowers as hoped. Just over 5,600 applications to the...
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Democratic presidential candidate and former New York City Mayor Mike Bloomberg greets supporters after speaking at a campaign event in Raleigh, N.C., Thursday, Feb. 13, 2020. (AP Photo/Gerald Herbert)
February 14, 2020 - 7:30 am
WASHINGTON (AP) — Democratic presidential candidates hoping to revive their flagging campaigns increasingly took aim at Mike Bloomberg, blasting their billionaire rival for trying to buy his way into the White House and raising questions about his commitment to racial equality. Struggling to...
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FILE - In this Thursday, Sept. 11, 2014 file photo, an exterior view of a Royal Bank of Scotland (RBS) logo at their offices in London. The majority state-owned U.K. bank RBS announced a name change on Friday, Feb. 14, 2020 as it tries to leave behind its near-collapse during the 2008 financial crisis. The bank said it will now be known as NatWest Group PLC, shedding the 300-year-old Royal Bank of Scotland name. (AP Photo/Matt Dunham, file)
February 14, 2020 - 5:57 am
LONDON (AP) — The majority state-owned U.K. bank RBS announced a name change on Friday as it tries to leave behind its near-collapse during the 2008 financial crisis. The bank said it will now be known as NatWest Group Plc, shedding the 300-year-old Royal Bank of Scotland name. The Edinburgh-based...
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FILE - In this Feb. 3, 2020, photo, Democratic presidential candidate and former New York City Mayor Michael Bloomberg, right, talks with supporters during a campaign stop in Sacramento, Calif. (AP Photo/Rich Pedroncelli)
February 13, 2020 - 11:45 am
WASHINGTON (AP) — At the height of the 2008 economic collapse, then-New York Mayor Michael Bloomberg said the elimination of a discriminatory housing practice known as “redlining” was responsible for instigating the meltdown. “It all started back when there was a lot of pressure on banks to make...
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A dog waits for his owner as voting gets under way in the general election in Dublin, Ireland, Saturday, Feb. 8, 2020. Irish voters are choosing their next prime minister in an election where frustration with economic austerity and a housing crisis seem to have have fuelled political uncertainty. (AP Photo/Peter Morrison)
February 08, 2020 - 9:39 am
DUBLIN (AP) — Irish voters are choosing their next prime minister in an election where frustration with economic austerity and a housing crisis have fueled the rise of Sinn Fein — still shunned by the political establishment because of its links to the IRA. The last pre-election opinion polls...
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European Central Bank President Christine Lagarde arrives to a monetary dialogue meeting at the European Parliament in Brussels, Thursday, Feb. 6, 2020. (AP Photo/Francisco Seco)
February 06, 2020 - 8:02 am
FRANKFURT, Germany (AP) — European Central Bank head Christine Lagarde has warned that the world's central banks have less room to stimulate the economy in case there's a recession. Lagarde said in an appearance Thursday before the European Parliament's economic and monetary affairs committee that...
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A security guard wears a face mask as he walks along a pedestrian shopping street during a snowfall in Beijing, Wednesday, Feb. 5, 2020. Deaths from a new virus rose to 490 in mainland China on Wednesday while new cases on a Japanese cruise ship, in Hong Kong and in other places showed the increasing spread of the outbreak and renewed attention toward containing it. (AP Photo/Mark Schiefelbein)
February 05, 2020 - 8:02 pm
NEW YORK (AP) — The virus outbreak out of China has exposed a seeming disconnect between the financial markets and science. Health experts don't know how far the virus will spread and how bad the crisis will get, yet stocks are rallying as if investors are expecting no more than a modest hit to the...
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FILE - In this Aug. 12, 2019, file photo, ground crew drive past Cathay Pacific Airways planes park at the Hong Kong International Airport. Hong Kong airline Cathay Pacific Airways is asking its 27,000 employees to take three weeks of unpaid leave while the Hong Kong carrier struggles with plunging revenue due to China's virus outbreak. (AP Photo/Vincent Thian, File)
February 05, 2020 - 4:47 am
HONG KONG (AP) — Cathay Pacific Airways asked its 27,000 employees on Wednesday to take three weeks of unpaid leave while the Hong Kong carrier struggles with plunging revenue due to China's virus outbreak. In a video message to employees, CEO Augustus Tang said the situation is as grave as the...
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