Tag: Financial services
Turkish central bank maintains key rate unchanged at 19%
ANKARA, Turkey — Turkey’s central bank on Thursday kept a key interest rate unchanged at 19%, in its first rate decision since the surprise...
Opposition accuses UK govt of sleaze amid lobbying scandal
LONDON — A lobbying scandal swirling around former British Prime Minister David Cameron has deepened with claims that a senior civil servant held down...
Profits at Goldman Sachs surge in 1Q, helped by trading
NEW YORK — Investment bank Goldman Sachs saw its profits nearly quintuple in the first quarter, driven by a massive surge of revenue from...
Wells Fargo earned $4.74 billion in Q1, topping estimates
SILVER SPRING, Md. — Wells Fargo had its best quarter in a year and a half, posting a profit of $4.74 billion and freeing...
Powell defends Fed’s consideration of climate change risks
WASHINGTON — Federal Reserve Chair Jerome Powell on Wednesday defended the Fed's increasing scrutiny of the threat that climate change could pose to the...
New Boy Scouts bankruptcy plan could exclude local councils
DOVER, Del. — The Boy Scouts of America have filed a new bankruptcy reorganization plan that increases the proposed contribution of local BSA councils...
Millennial Money: How my travel credit card saved me $1,388
In 2020, I was looking forward to leaving Los Angeles for a socially distanced vacation in San Diego. I had stocked up on food,...
Syrian leader sacks Central Bank chief amid currency crash
BEIRUT — President Bashar Assad sacked the governor of war-ravaged Syria’s Central Bank on Tuesday amid a crash in the currency in recent months.
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Banks to see big profits as COVID ‘bad’ loans become ‘good’
NEW YORK — The nation’s largest banks are expected to report big profits for the first quarter amid renewed confidence that pandemic-battered consumers and...
Fed leaders agree: Economics has a racial-disparity problem
WASHINGTON — Top Federal Reserve policymakers on Tuesday underscored their concern that Black and Hispanic people are sharply underrepresented in the economics field, which...
