Financial crisis

July 03, 2017 - 5:23 am
LONDON (AP) — Barclays and four of its former executives — including its former CEO — are set to appear in court on charges of conspiracy to commit fraud connected with efforts to raise funds at the height of the 2008 financial crisis. The charges are the first in Britain against a bank and former...
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June 28, 2017 - 4:30 pm
WASHINGTON (AP) — The Federal Reserve has given the green light to all 34 of the biggest banks in the U.S. to raise their dividends and buy back shares, judging their financial foundations sturdy enough to withstand a major economic downturn. It was the first time in seven years of annual "stress...
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U.S. Fed Chair Janet Yellen speaks during a discussion with Lord Nicholas Stern, President of the British Academy, at Carlton House Terrace of the British Academy in London, Tuesday, June 27, 2017.(AP Photo/Frank Augstein)
June 27, 2017 - 3:44 pm
LONDON (AP) — Federal Reserve Chair Janet Yellen relayed her hope that another repeat of the financial crisis will not occur "in our lifetimes." Addressing an audience at the British Academy in London on Tuesday, Yellen said the banking reforms put in place in recent years have made the financial...
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U.S. Fed Chair Janet Yellen smiles as she arrives for a discussion with Lord Nicholas Stern, President of the British Academy, at Carlton House Terrace of the Britsih Academy in London, Tuesday, June 27, 2017.(AP Photo/Frank Augstein)
June 27, 2017 - 2:49 pm
LONDON (AP) — Federal Reserve Chair Janet Yellen said Tuesday that banking reforms now in place have made the financial system safer, and the world should be able to avoid the type of devastating crisis that struck the global economy in 2008. Speaking at the British Academy in London, Yellen said...
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FILE - In this June 2, 2017 file photo, Chinese Premier Li Keqiang listens to questions during a media conference at the conclusion of an EU-China summit in Brussels. China's top economic official tried to quell fears surging debt might threaten growth, saying Tuesday, June 27, 2017, financial risks are "generally under control" and Beijing can achieve this year's development targets. Speaking at a meeting of the World Economic Forum in the northeastern city of Dalian, Premier Li also gave a ringing endorsement of free trade and said China will stick to its commitments to fight climate change. (AP Photo/Virginia Mayo, File)
June 27, 2017 - 3:14 am
BEIJING (AP) — China's top economic official tried to quell fears surging debt might threaten growth, saying Tuesday financial risks are "generally under control" and Beijing can achieve this year's development targets. Speaking at a meeting of the World Economic Forum in the northeastern city of...
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June 27, 2017 - 1:24 am
BEIJING (AP) — China's top economic official tried to quell fears surging debt might threaten growth, saying Tuesday financial risks are "generally under control" and Beijing can achieve this year's development targets. Speaking at a meeting of the World Economic Forum in the northeastern city of...
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This cover image released by Random House shows "Behold the Dreamers," a novel by Imbolo Mbue and Oprah Winfrey’s latest selection for Oprah's Book Club. (Random House via AP)
June 26, 2017 - 9:08 am
NEW YORK (AP) — Imbolo Mbue, whose debut novel "Behold the Dreamers" is Oprah Winfrey's latest selection, owes her career in part to the talk-show host. "Years ago, I went to the library one day in Falls Church, Virginia, to borrow a book and saw a shelf that only had Oprah book club picks," Mbue,...
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FILE - This is a Monday, July 27, 2009 file photo of John Varley, the Group Chief Executive of Barclays Bank as he leaves after attending a meeting at the Treasury in London,  Britain’s Serious Fraud Office on Tuesday June 20, 2017 charged Barclays Plc, and John Varley and three other former executives with conspiracy to commit fraud when they sought investment from Qatar in 2008. (AP Photo/Matt Dunham/File)
June 20, 2017 - 12:37 pm
LONDON (AP) — British regulators charged Barclays bank and four former executives, including then-CEO John Varley, with conspiracy to commit fraud when they asked Qatar for a cash infusion to avoid a government bailout at the height of the financial crisis in 2008. The Serious Fraud Office...
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FILE - In this Thursday, March 23, 2017, file photo, Federal Reserve Chair Janet Yellen steps offstage after speaking at the Federal Reserve System Community Development Research Conference in Washington. There isn’t much suspense about what the Fed will announce when its latest policy meeting ends: That it’s raising its key short-term rate for the third time in six months. But anticipation surrounds the possibility that the Fed could signal policy shifts in a statement it will issue, in updated economic forecasts and in a news conference with Yellen. (AP Photo/Cliff Owen, File)
June 14, 2017 - 2:09 pm
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): ___ 2:05 p.m. Federal Reserve policymakers lowered their forecasts for inflation and unemployment, and continued to predict they would raise rates once more this year. Fed officials now expect the U.S...
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June 14, 2017 - 6:01 am
BEIJING (AP) — The International Monetary Fund urged China on Monday to speed up reforms meant to slow surging growth of debt that is fueling concern about the stability of its financial system. The announcement adds to mounting warnings China's rapid run-up in debt due to reliance on lending to...
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