Tag: Banking and credit
Cyber attack tied to China boosts development bank’s chief
MIAMI — The cyberattack crested just as finance officials from across Latin America were descending on Washington to commemorate the 60th anniversary of the...
Turkish lira plummets after Erdogan fires central bank chief
ANKARA, Turkey — The Turkish currency plummeted against the U.S. dollar on Monday after President Recep Tayyip Erdogan fired the central bank governor over...
Turkey’s president fires central bank governor by decree
ISTANBUL — Turkey’s president has fired the central bank governor, who in his four months in office had won the praise of investors for...
Report: DOJ investigating Visa over debit card business
CHARLOTTE, N.C. — Visa is under investigation by the Department of Justice's antitrust division over whether the company pushes merchants into more expensive forms...
N. Dakota House cools to bill seen as helping Hoeven’s bank
BISMARCK, N.D. — Republican North Dakota House leaders on Friday signaled a reluctance to fully support a proposal to would funnel $10 million to...
Fed to end relaxed capital requirements for large banks
WASHINGTON — The Federal Reserve says it will restore capital requirements for large banks that were relaxed as part of the Fed’s efforts to...
Powell: US economy gaining, but recovery ‘far from complete’
WASHINGTON — Federal Reserve Chair Jerome Powell reiterated his belief Friday that while the U.S. economy has been steadily rebounding from the devastation caused...
G7 suggest boosting IMF reserves to help vulnerable nations
LONDON — The Group of Seven leading industrial nations on Friday proposed bolstering the International Monetary Fund's reserves for the first time since 2009,...
Greece issues 30-year bond to smooth debt costs
ATHENS, Greece — Greece on Wednesday launched a 30-year government bond auction, hoping to take advantage of low interest rates to improve its debt...
Text of the Federal Reserve’s statement after its meeting
WASHINGTON — Below is the statement the Fed released Wednesday after its policy meeting ended:
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