Banking and credit

December 05, 2019 - 10:13 am
WASHINGTON (AP) — The Justice Department unsealed charges Thursday against two Russian men in what authorities say was one of the worst computer hacking and bank fraud schemes of the past decade. Maksim V. Yakubets, 32, of Moscow and Igor Turashev, 38, from Yoshkar-Ola, Russia were charged in the...
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This Sunday, Dec. 1, 2019, photo shows rewards offered through Chase bank on an iPhone in the Brooklyn borough of New York. Banks want to turn data they already have on your spending habits into extra revenue by identifying likely customers for retailers. Wells Fargo became the latest bank to customize retail offers to individual customers. It joins Chase, Bank of America, PNC, SunTrust and a slew of smaller banks. (AP Photo/Jenny Kane)
December 02, 2019 - 12:27 pm
NEW YORK (AP) — There’s a powerful new player watching what you buy so it can tailor product offerings for you: the bank behind your credit or debit card. For years, Google and Facebook have been showing ads based on your online behavior. Retailers from Amazon to Walgreens also regularly suction up...
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President Donald Trump listens during an event to sign an executive order establishing the Task Force on Missing and Murdered American Indians and Alaska Natives, in the Oval Office of the White House, Tuesday, Nov. 26, 2019, in Washington. (AP Photo/ Evan Vucci)
December 02, 2019 - 10:08 am
WASHINGTON (AP) — President Donald Trump on Monday accused Argentina and Brazil of hurting American farmers through currency manipulation and said he’ll slap tariffs on their steel and aluminum imports to retaliate. Trump also called on America’s central bank to take action to prevent other...
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From left, European Central Bank President Christine Lagarde, European Commission President Ursula von der Leyen and European Council President Charles Michel attend an event to mark the 10th anniversary of the entry into force of the Lisbon Treaty at the House of European History in Brussels, Sunday, Dec. 1, 2019. (AP Photo/Olivier Matthys)
December 02, 2019 - 10:02 am
FRANKFURT, Germany (AP) — New European Central Bank President Christine Lagarde says that growth “remains weak” in the 19 countries that use the euro but gave no indication that she was contemplating more stimulus, saying the measures enacted under her predecessor were supporting the economy...
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Protesters chant slogans during ongoing protests against the Lebanese political class as riot police stand guard in front of Finance Ministry building in Beirut, Lebanon, Friday, Nov. 29, 2019. Protesters have been holding demonstrations since Oct. 17 demanding an end to widespread corruption and mismanagement by the political class that has ruled the country for three decades. (AP Photo/Bilal Hussein)
November 29, 2019 - 1:05 pm
BEIRUT (AP) — Angry motorists blocked roads with their vehicles in Beirut and other parts of Lebanon on Friday, creating traffic jams to protest a strike by owners of gas stations demanding an increase in gasoline prices as the local currency drops and the nation slides deeper into a financial...
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Pope Francis waves to faithful as he arrives for his weekly general audience, in St. Peter's Square, at the Vatican, Wednesday, Nov. 27, 2019. (AP Photo/Andrew Medichini)
November 28, 2019 - 1:00 am
VATICAN CITY (AP) — Pope Francis has tapped a Bank of Italy executive to take over the Vatican’s financial intelligence unit following a scandal that resulted in the Vatican being suspended from an international anti-money laundering network. Carmelo Barbagallo has been head of the Italian central...
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The new President of the European Central Bank Christine Lagarde adds her signature to an oversize euro banknote at the ECB in Frankfurt, Germany, Wednesday, Nov. 27, 2019. (AP Photo/Michael Probst)
November 27, 2019 - 7:01 am
FRANKFURT, Germany (AP) — The new president of the European Central Bank has added her signature to euro banknotes, which she describes as “the most tangible symbol of European integration.” Christine Lagarde signed the euro bills in a brief ceremony Wednesday at the ECB’s Frankfurt headquarters, a...
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FILE - In this Nov. 20, 2019, file photo specialist Mario Picone, right, works with traders at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Tuesday, Nov 26. (AP Photo/Richard Drew, File)
November 26, 2019 - 4:55 pm
More encouraging signs that trade talks between the U.S. and China are on track kept investors in a buying mood Tuesday, nudging the major stock indexes to record highs for the second straight day. Retailers and other companies that rely on consumer spending helped power the modest rally, which...
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FIE - In this Nov. 13, 2014, file photo, Westpac Chief Executive Brian Hartzer speaks in Sydney about how he will take over as CEO. Hartzer said on Tuesday, Nov. 26, 2019, he will step down following accusations Australia’s second biggest bank committed 23 million breaches of the anti-money laundering and counterterrorism financing laws. (AP Photo/Rick Rycroft, File)
November 26, 2019 - 3:18 am
PERTH, Australia (AP) — The chief executive of Australia’s second biggest bank said Tuesday he plans to resign following accusations Westpac committed 23 million breaches of anti-money laundering and counterterrorism financing laws. The financial crime regulator AUSTRAC is pursuing Westpac in the...
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Federal Reserve Board Chair Jerome Powell addresses a round table discussion during a visit to Silver Lane Elementary School, in East Hartford, Conn., Monday, Nov. 25, 2019. Powell and Federal Reserve Bank of Boston President Eric Rosengren toured a working-class neighborhood in East Hartford and met with residents to get a closer look at their challenges. (AP Photo/Steven Senne)
November 25, 2019 - 7:21 pm
Federal Reserve Chairman Jerome Powell is sketching an optimistic view of the economy but signaling that continued low inflation means higher interest rates won’t likely be necessary anytime soon. Powell says that even with unemployment near a 50-year low of 3.6%, there’s still “plenty of room” for...
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