BankingUS regulator eases restrictions on Wells FargoFebruary 16, 2024131NEW YORK (AP) — The Biden administration eased some of the restrictions on banking giant Wells Fargo, saying the bank...
EconomyRecession: Japan has lost its spot as the world’s third-largest economyFebruary 15, 202475TOKYO (AP) — Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and...
EconomyRecession has struck some of the world’s top economies. The US keeps defying expectationsFebruary 15, 202468NEW YORK (AP) — As some of the world’s biggest economies stumble into recession, the United States keeps chugging along....
MortgagesAverage long-term US mortgage rate rose to highest level in 10 weeksFebruary 15, 202470LOS ANGELES (AP) — The average long-term U.S. mortgage rate rose this week to its highest level in 10 weeks,...
BankingLike the US Fed, Bank of England is edging toward interest rate cuts — but not quite yetFebruary 1, 202447LONDON (AP) — Just like the U.S. Federal Reserve, the Bank of England is edging toward cutting interest rates —...
MoneyThe European Union calls on Kosovo to delay requiring ethnic Serbians to use euros instead of dinarsFebruary 1, 202426PRISTINA, Kosovo (AP) — The European Union on Thursday called on Kosovo to postpone an effort to force ethnic Serbian-dominated...
BankingFinancial markets are jonesing for interest rate cuts. Not so fast, says the European Central BankJanuary 25, 2024113FRANKFURT, Germany (AP) — European Central Bank President Christine Lagarde pushed back Thursday against market expectations for quick interest rate...
BankingCutting interest rates too soon in Europe risks progress against inflation, central bank chief saysJanuary 17, 202443FRANKFURT, Germany (AP) — Cutting interest rates too soon could threaten Europe’s progress in battling the inflation that has ravaged...
MoneyRussia-Ukraine war: Why Zelenskyy is appealing for more aidJanuary 16, 202455KYIV, Ukraine (AP) — Ukraine’s hard-won economic stability is under threat again as the government faces a large budget hole...
BankingBanks upbeat on US consumer despite bank profit declines, inflation and rising debt levelsJanuary 12, 202463NEW YORK (AP) — The biggest banks in the country posted strong profits last year, helped by higher interest rates...