Banking and credit

This image from the website of Allied Wallet CEO Ahmad "Andy" Khawaja shows Khawaja posing with President Donald Trump in the Oval Office of the White House in Washington. Khawaja gave more than $4 million to Hillary Clinton's failed presidential campaign and other Democrats, then began extending his largesse to Republicans after a lunch with GOP fundraiser Elliott Broidy two weeks after Trump clinched the presidency. Records obtained by The Associated Press show that Khawaja has helped pornographers, payday loan debt collectors and offshore gambling operations get past the gates of the banking system.(Andy Khawaja via AP)
August 03, 2018 - 3:46 pm
NEW YORK (AP) — Federal authorities looking into the illegal sale of prescription drugs online are probing the business practices of payment processor Allied Wallet, according to a person with direct knowledge of the case. Allied Wallet's CEO has donated millions of dollars to both political...
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August 01, 2018 - 2:01 pm
WASHINGTON (AP) — The Federal Reserve is leaving its benchmark interest rate unchanged while signaling further gradual rate hikes in the months ahead as long as the economy stays healthy. The Fed's decision left the central bank's key short-term rate at 1.75 percent to 2 percent — the level hit in...
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This courtroom sketch depicts Paul Manafort, seated right row second from right, together with his lawyers, the jury, seated left, and the U.S. District Court Judge T.S. Ellis III, back center, listening to Assistant U.S. Attorney Uzo Asonye, standing, during opening arguments in the trial of President Donald Trump's former campaign chairman Manafort's on tax evasion and bank fraud charges. (Dana Verkouteren via AP)
August 01, 2018 - 1:22 pm
ALEXANDRIA, Va. (AP) — The Latest on special counsel Robert Mueller's investigation and the trial of onetime Trump campaign chairman Paul Manafort (all times local): 1 p.m. The federal judge in Paul Manafort's financial fraud trial is trying to place limits on the court proceedings, warning lawyers...
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August 01, 2018 - 6:14 am
NEW DELHI (AP) — India's central bank has raised its key interest rate by a quarter of a percentage point to 6.5 percent, saying that global growth has become uneven and risks to the outlook have increased with rising trade tensions. The second interest hike since January 2014 was announced by the...
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FILE - This Wednesday, Aug. 2, 2017, file photo shows the Federal Reserve Building on Constitution Avenue in Washington. The Federal Reserve is likely to point to strong growth in the economy, low unemployment and rising inflation as reasons to keep on its current path of gradually raising interest rates. The Fed's statement at the end of its two-day meeting will be released Wednesday afternoon, Aug. 1, 2018, in the form of a brief policy statement. (AP Photo/Pablo Martinez Monsivais, File)
August 01, 2018 - 12:58 am
WASHINGTON (AP) — When the Federal Reserve wraps up its latest meeting, it is likely to point to strong growth in the economy, low unemployment and rising inflation as reasons to stay on its current path of gradually raising interest rates. But it isn't expected to make any interest rate moves this...
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This courtroom sketch depicts Paul Manafort, fourth from right, standing with his lawyers in front of U.S. district Judge T.S. Ellis III, center rear, and the selected jury, seated left, during the jury selection of his trial at the Alexandria Federal Courthouse in Alexandria, Va., Tuesday, July 31, 2018. A jury set to decide the fate of President Donald Trump's former campaign chairman Manafort was selected Tuesday, and opening statements in his tax evasion and bank fraud trial were expected in the afternoon. (Dana Verkouteren via AP)
July 31, 2018 - 4:34 pm
ALEXANDRIA, Va. (AP) — Paul Manafort orchestrated a multimillion-dollar conspiracy to evade U.S. tax and banking laws, leaving behind a trail of lies as he lived a lavish lifestyle, prosecutors said Tuesday as they laid out their case against the former Trump campaign chairman. During his opening...
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FILE - In this March 8, 2018, file photo, Paul Manafort, left, President Donald Trump's former campaign chairman, walks with this wife Kathleen Manafort, as they arrive at the Alexandria Federal Courthouse in Alexandria, Va. Jury selection is set to begin in the trial of President Donald Trump’s former campaign chairman. (AP Photo/Jacquelyn Martin, File)
July 31, 2018 - 3:54 pm
ALEXANDRIA, Va. (AP) — The Latest on Paul Manafort's trial on tax evasion and bank fraud charges (all times local): 3:50 p.m. Prosecutors say President Donald Trump's former campaign chairman orchestrated a multimillion-dollar conspiracy to evade U.S. tax and banking laws, leaving behind a trail of...
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Treasury Secretary Steve Mnuchin, left, and Director of the Office of Management and Budget Mick Mulvaney listen as President Donald Trump delivers remarks about the economy on the South Lawn of the White House, Friday, July 27, 2018, in Washington. (AP Photo/Evan Vucci)
July 29, 2018 - 11:18 am
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin (mih-NOO'-shin) is insisting that President Donald Trump "absolutely" supports the independence of the Federal Reserve. Mnuchin tells "Fox News Sunday" that Trump's recent statements questioning whether the central bank should increase interest...
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President of European Central Bank Mario Draghi speaks during a news conference after a meeting of the ECB governing council in Frankfurt, Germany, Thursday, July 26, 2018. (AP Photo/Michael Probst)
July 26, 2018 - 11:15 am
FRANKFURT, Germany (AP) — The European Central Bank is stressing that interest rates will stay low well into next year even as the U.S. Federal Reserve is expected to keep raising rates in coming months. The central bank for the 19 countries that use the euro left its key rates and monetary...
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