Financial services

April 10, 2017 - 9:01 am
NEW YORK (AP) — An investigation into sales practices at Wells Fargo has blamed the bank's most senior management for creating an "aggressive sales culture" that led to bank staff opening millions of customer accountgs without their authorization. The results of the investigation released Monday...
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April 10, 2017 - 8:25 am
NEW YORK (AP) — Wells Fargo's board of directors has blamed the bank's most senior management for creating an "aggressive sales culture" at Wells that eventually led to the bank's scandal over millions of unauthorized accounts. The results of the investigation, released Monday morning and conducted...
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April 10, 2017 - 6:01 am
MOSCOW (AP) — The chief of the Ukrainian Central Bank has announced her resignation following months of pressure to step down. Reformist Valeria Gontareva, an investment banker who has been in charge of transforming the country's crumbling banking sector since 2014, told a televised news conference...
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Eurozone chairman Jeroen Dijsselbloem, center, speaks with Luxembourg Finance Minister Pierre Gramegna, left, and French Finance Minister Michel Sapin at a meeting of European finance ministers, in Valletta, Malta, Friday, April 7, 2017. Dusselbloem said Friday that he was "in a positive mood" about a breakthrough in Greece's difficult bailout talks, but stressed an overall political deal could not be reached at Friday's meeting of finance ministers using the shared currency. (AP Photo/Rene Rossignaud)
April 07, 2017 - 7:21 am
BRUSSELS (AP) — Greece and its international creditors took a big step Friday toward an agreement that will ensure the cash-strapped country gets the money it needs in time to avoid a potential bankruptcy this summer. For months, the bailout discussions have stalled amid disagreements over what...
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In this Jan. 12, 2017, photo, traders work on the Mizuho Americas trading floor in New York. Global stocks traded in narrow ranges Thursday, April 6, 2017, as investors nervously awaited the first meeting between President Donald Trump and his Chinese counterpart, Xi Jinping, a day after minutes to the last meeting of the U.S. Federal Reserve showed policymakers discussing how to unwind crisis-era policy measures. (AP Photo/Mark Lennihan)
April 06, 2017 - 1:24 pm
NEW YORK (AP) — U.S. stocks are broadly higher Thursday after a sharp drop late in the previous day. Energy companies are rising with the price of oil and retailers are up after a series of strong sales reports. Banks are also climbing as bond yields rise. KEEPING SCORE: The Standard & Poor's...
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April 06, 2017 - 6:59 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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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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