Financial crisis

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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Spain's Socialist leader Pedro Sanchez, unfocused right, walks past Spain's Prime Minister Mariano Rajoy, background left, during the first day of a motion of no confidence session at the Spanish parliament in Madrid, Thursday, May 31, 2018. Spain's opposition Socialists tried to persuade smaller parties to support their bid to oust Prime Minister Mariano Rajoy's conservative government as they opened a tense parliamentary debate on their no-confidence motion. (AP Photo/Francisco Seco)
May 31, 2018 - 3:39 pm
MADRID (AP) — Spain's conservative government appeared doomed Thursday to lose a no-confidence vote in parliament, with the center-left Socialist party poised to take power. A Basque nationalist party's announcement that it would vote in favor of the motion spelled the almost certain end of Prime...
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FILE- In this May 7, 2018, file photo, a long line of 2018 and 2019 Cooper Countryman models sits at a Mini Cooper dealership in Highlands Ranch, Colo. On Thursday, May 31, the Commerce Department issues its April report on consumer spending, which accounts for roughly 70 percent of U.S. economic activity. (AP Photo/David Zalubowski, File)
May 31, 2018 - 1:35 pm
WASHINGTON (AP) — Americans boosted their spending by 0.6 percent in April, the biggest increase in five months and a strong indication that the economy is reviving after a winter slowdown. The Commerce Department said Thursday that last month's increase in consumer spending was the largest...
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FILE- In this March 21, 2018, file photo, Federal Reserve Chairman Jerome Powell looks to his notes as he speaks during a news conference following the Federal Open Market Committee meeting in Washington. As the government drives to loosen restraints on banks, the Federal Reserve is set to ease a rule aimed at defusing the kind of risk-taking on Wall Street that helped trigger the 2008 financial meltdown. (AP Photo/Carolyn Kaster, File)
May 30, 2018 - 7:02 am
WASHINGTON (AP) — The Federal Reserve is preparing to ease a rule aimed at defusing the kind of risk-taking on Wall Street that played a role in triggering the 2008 financial meltdown. The Volcker Rule, crafted by regulators 4 1/2 years ago, changed the way the biggest U.S. banks do business. It...
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A man walks in front of a docked ferry at the port of Piraeus, near Athens, Wednesday, May 30, 2018. Greece's largest labor unions are staging a general strike against plans to extend austerity measures beyond the bailout, in a 24-hour protest that is disrupting flights, public transport and services, closed schools and left hospitals running on emergency staff. (AP Photo/Petros Giannakouris)
May 30, 2018 - 4:35 am
ATHENS, Greece (AP) — Greece's largest labor unions are staging a general strike against plans to extend austerity measures, in a 24-hour protest that halted ferry services to the islands, and disrupted flights, public transport and other services. Wednesday's strike also closed schools and left...
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Premier-designate Carlo Cottarelli, center carrying a backpack, is flanked by security as he walks to Montecitorio Palace, the seat of the Lower Chambero of Parliament, in Rome, Tuesday, May 29, 2018. The man tapped to head a neutral government in Italy after two populists failed in their bid is a former official at the International Monetary Fund who is a firm believer in the euro and in the necessity of Italy cutting its stubbornly high-debt load. (Angelo Carconi/ANSA via AP)
May 29, 2018 - 7:53 am
MILAN (AP) — The Latest on Italy's political crisis (all times local): 1:50 p.m. Italy's president will receive a former IMF official tapped to head a technical government in the afternoon amid the ire of populists whose attempt at forming a government failed. President Sergio Mattarella's office...
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May 29, 2018 - 6:32 am
MILAN (AP) — A premier-designate tapped to form a government of technocrats is expected to present his Cabinet list to President Sergio Mattarella on Tuesday, but investors' lack of confidence was already clear in plunging markets. The Italian stock market opened down 1.8 percent and the spread...
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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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