Financial crisis

July 12, 2018 - 1:19 pm
LONDON (AP) — A British office that prosecutes serious corruption cases says two former senior bankers have been found guilty of manipulating a key benchmark on which global interest rates are hedged. A jury convicted Philippe Moryoussef, formerly of Barclays Bank, in absentia on Thursday. He fled...
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July 05, 2018 - 9:16 am
SAN JUAN, Puerto Rico (AP) — Puerto Rico's governor says he will sue a federal control board to resolve budget differences as the U.S. territory battles an 11-year recession. Ricardo Rossello said in a statement Thursday that he seeks an injunction to stop the board from imposing an $8.76 billion...
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Iranian Interior Minister Abdolreza Rahmani Fazli speaks during a press conference in Tehran, Iran, Sunday, July 1, 2018. Fazli said only one person was wounded in clashes when gunfire erupted as Iranian security forces confronted protesters early Sunday amid demonstrations over water scarcity in the country's south. (AP Photo/Vahid Salemi)
July 01, 2018 - 7:21 am
DUBAI, United Arab Emirates (AP) — Gunfire erupted as Iranian security forces confronted protesters early Sunday amid demonstrations over water scarcity in the country's south, violence that authorities said wounded at least 11 people, mostly police. The protests around Khorramshahr, some 650...
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FILE- In this April 5, 2018, file photo, a pedestrian passes the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, June 29. (AP Photo/Richard Drew, File)
June 29, 2018 - 1:17 pm
NEW YORK (AP) — U.S. stocks are rising Friday as banks rally after the Federal Reserve approved their plans to raise dividends and buy back more stock. Wells Fargo is leaping after it said it will repurchase $24.5 billion in stock. Nike is climbing after it reported strong results in its latest...
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June 29, 2018 - 11:40 am
SAN JUAN, Puerto Rico (AP) — New austerity measures are looming for storm-battered Puerto Rico after local legislators refused to alter labor laws as demanded by a federal control board that said changes would stimulate the U.S. territory's economy amid an 11-year recession. The board that is...
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FILE - In this May 10, 2018 file photo, International Monetary Fund (IMF) Managing Director Christine Lagarde, right, meets with Argentina's Treasury Minister Nicolas Dujovne, at the IMF in Washington. Argentina and the IMF have agreed on a $50 billion stand-by deal aimed at strengthening the South American country's economy, announced on Thursday, June 7, 2018. (AP Photo/Jacquelyn Martin, File)
June 07, 2018 - 8:24 pm
WASHINGTON (AP) — Argentina and the International Monetary Fund agreed Thursday on a three-year $50 billion stand-by financing deal aimed at strengthening the South American country's economy and helping it fight inflation. The IMF said the staff-level agreement will be subject to approval by the...
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June 06, 2018 - 12:37 pm
LONDON (AP) — A former chief executive of the defunct Anglo-Irish Bank has been convicted of fraud for his role in inflating the lender's balance sheet before it collapsed in the 2008 global financial crisis. David Drumm was convicted Wednesday of conspiring to inflate the bank's deposit levels by...
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FILE - In this Thursday, Jan. 26, 2017 file photo, people walk past one of the headquarter buildings showing the logo of the Royal Bank of Scotland in London. The British government has sold a 7.7 percent stake in Royal Bank of Scotland, taking a tentative step toward returning the bank to private ownership almost a decade after it was bailed out at the height of the financial crisis. (AP Photo/Alastair Grant/File)
June 05, 2018 - 6:00 am
LONDON (AP) — The British government sold a 7.7 percent stake in Royal Bank of Scotland on Tuesday, taking a tentative step toward returning the bank to private ownership almost a decade after it was bailed out at the height of the financial crisis. The government sold the shares for 271 pence each...
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In this May 17, 2018 photo, McFarland High senior Victoria Sharp works at the food concession and is one of the high school students that acquired one of the coveted jobs at the Maya Cinemas Theater in Delano, Calif. For around a decade, the farm worker city of Delano, has lacked a movie theater. Residents from this largely Latino community had to travel nearly 40 miles to see the latest film a drive advocates say was rare since around a third of the population lives in poverty. This week, Moctesuma Esparza, a well-known Latino movie producer, opened his latest Maya Cinemas theater this month in the Central California city of 53,000 people as part of his ongoing effort to open movie theaters in poor, U.S. rural areas that lack basic entertainment options. (Henry A. Barrios/The Bakersfield Californian via AP)
June 03, 2018 - 11:50 am
For nearly 10 years, residents in a California farming community have had to drive nearly 40 miles (64 kilometers) to see the latest film, a rare trip for some in a place where a third of the population lives in poverty. That all changed in May when Moctesuma Esparza, a Latino movie producer,...
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European Commission's mission chief for Greece, Declan Costello speaks as he attends a Economic conference in Athens, Thursday, May 31, 2018. Greece is currently negotiating the terms of its bailout exit with European creditors, including how its finances will be monitored and the conditions of a promised debt relief package. (AP Photo/Petros Giannakouris)
May 31, 2018 - 4:23 pm
ATHENS, Greece (AP) — A top European Union official in Greece says the country's access to bond markets remains "fragile" amid the ongoing financial turmoil triggered by the political uncertainty in Italy. Declan Costello, who supervises the Greek bailout program for the European Commission, made...
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