Tag: Banking and credit
Budget writers derail plan seen as bailout for Hoeven’s bank
BISMARCK, N.D. — Budget writers in the Republican-controlled North Dakota House want to derail legislation to save a troubled shipping facility, after criticism that...
Eastern Caribbean dollar goes digital, a help for unbanked
SAN JUAN, Puerto Rico — The Eastern Caribbean has created its own form of digital currency meant to help speed transactions and serve people...
UN experts pull back on corruption claims against Yemen
UNITED NATIONS — The U.N. panel of experts monitoring sanctions against Yemen has pulled back from its claims of corruption and money laundering by...
IMF head: global growth prospects rising but dangers remain
WASHINGTON — The head of the 190-nation International Monetary Fund says prospects for global growth have brightened since January, helped by a $1.9 trillion...
Swiss banker to Venezuelan kleptocrats becomes star witness
MIAMI — Matthias Krull pulls up his pant leg and slides a gardening shear on the ankle monitor that for two years has been...
Cash-strapped Sudan clears overdue payments to World Bank
CAIRO — The Sudanese government said Friday it cleared all of its overdue payments to the World Bank, a move that gives the highly-indebted...
Powell likens emergency Covid efforts to efforts at Dunkirk
WASHINGTON — Federal Reserve Chairman Jerome Powell compared the actions taken by the central bank early in the pandemic as the economy barreled toward...
US 30-year mortgage rates jump to 3.17%, highest since June
McCLEAN, Va. — U.S. long-term mortgage rates jumped to their highest level since June, though still remain near historic lows.
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Fed says restrictions on bank dividends and buybacks to end
WASHINGTON — The Federal Reserve said Thursday that as of June 30 it will end for most banks the temporary limits it had imposed...
Survey: Business economists favor increased federal spending
WASHINGTON — A majority of business economists think the recovering economy will benefit from much more government spending despite concerns in financial markets that...
