Tag: Banking and credit
Senate panel approves Trump’s controversial Fed nominee
WASHINGTON (AP) - The Senate Banking Committee on Tuesday approved President Donald Trump's choice of Judy Shelton for the Federal Reserve board of governors...
Mnuchin urges swift aid bill; ex-Fed chairs want bigger deal
WASHINGTON (AP) - Treasury Secretary Steven Mnuchin urged Congress Friday to quickly enact a new pandemic relief package targeting hardest-hit swaths of the economy,...
Former Fed officials urge more efforts to bolster economy
WASHINGTON (AP) - Former Federal Reserve Chairs Ben Bernanke and Janet Yellen urged Congress on Friday to do more to help the economy deal...
Fed survey says economy has picked up but outlook cloudy
WASHINGTON (AP) - The Federal Reserve says economic activity has picked up in most regions of the country but still remains well below pre-pandemic...
British judge denies Maduro Venezuela’s gold in London bank
LONDON (AP) - A British judge on Thursday refused to give Venezuela's Nicolás Maduro control of nearly $2 billion in gold sitting in a...
Fed minutes show concerns about severity of downturn
WASHINGTON (AP) - Federal Reserve officials last month expressed concerns about the severity of the economic downturn triggered by the coronavirus pandemic, saying the...
Fed’s program for loaning to Main Street off to slow start
WASHINGTON (AP) - Michael Haith, owner and CEO of a Denver-based restaurant chain called Teriyaki Madness, is in an unusual position for people like...
IMF downgrades outlook for global economy in face of virus
WASHINGTON (AP) - The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic...
Ex-CEO of Wirecard arrested in case over missing billions
BERLIN (AP) - The former CEO of German payment service provider Wirecard has been arrested, accused of inflating the company's balance sheet in an...
European Central Bank hands out 1.3 trillion euros in loans
FRANKFURT, Germany (AP) - The European Central Bank has handed out 1.31 trillion euros ($1.46 trillion) in long-term, ultra-cheap credit to hundreds of banks...
