Financial crisis

U.S. Sen. Elizabeth Warren, D-Mass., acknowledges cheers as she takes the stage during an event to formally launch her presidential campaign, Saturday, Feb. 9, 2019, in Lawrence, Mass. (AP Photo/Elise Amendola)
February 10, 2019 - 6:39 am
LAWRENCE, Mass. (AP) — The Latest on Sen. Elizabeth Warren and the 2020 election (all times local): 12:45 p.m. One of Elizabeth Warren's rivals in the Democratic race for president is coming to her defense in the face of attacks by President Donald Trump's re-election campaign. Sen. Kirsten...
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FILE - This Aug. 22, 2003 file photo shows the corporate headquarters of BB&T in Winston-Salem, N.C. Southern regional banks BB&T and SunTrust are combining in an all-stock deal valued at about $66 billion. The banks said Thursday, Feb. 7, 2019 that the combined company will be the sixth-largest U.S. bank based on assets and deposits. It will have approximately $442 billion in assets, $301 billion in loans and $324 billion in deposits serving more than 10 million households (David Rolfe/The Winston-Salem Journal via AP)
February 07, 2019 - 12:39 pm
NEW YORK (AP) — Southern banking giants BB&T and SunTrust announced they would merge in a $66 billion deal, the first big bank merger since the chaos of the 2008 financial crisis. The deal would create yet another financial titan in the U.S. The combined company will be the sixth-largest retail...
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The Governor of the Bank of England, Mark Carney speaks during a news conference to confirm the main interest rate will remain at 0.75 percent, at the Bank of England in London, Thursday Feb. 7, 2019. The Bank of England said that Brexit uncertainties and a weaker global economy overall, mean that British growth in 2019 is likely to be 1.2 percent. (Hannah McKay/Pool via AP)
February 07, 2019 - 9:54 am
LONDON (AP) — The British economy is set to grow at its slowest rate since the global financial crisis a decade ago as the "fog of Brexit" causes heightened uncertainty, the Bank of England warned Thursday. With Britain due to leave the European Union in just 50 days, the central bank said that...
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February 05, 2019 - 9:51 pm
CANBERRA, Australia (AP) — The Commonwealth Bank of Australia has recorded a drop in statutory net profit in its latest half-year to 4.6 billion Australian dollars ($3.3 billion) as the nation's biggest lender was hit by costs for misconduct, lower profit margins and a downturn in the housing...
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January 30, 2019 - 2:35 pm
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 2:30 p.m. Investors liked what they heard from the Federal Reserve and sent stocks higher after the central bank indicated it would hold off on raising interest rates for the time being. The Dow Jones...
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January 30, 2019 - 1:01 pm
SAN JUAN, Puerto Rico (AP) — Attorneys representing bondholders hit by a recent request to dismiss more than $6 billion of Puerto Rico's debt demanded more time to fight the proposal during a federal debt restructuring hearing on Wednesday. The attorneys said all bondholders need to be alerted and...
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FILE - In this Dec. 19, 2018, file photo, Federal Reserve Chairman Jerome Powell speaks at a news conference in Washington DC. With the Federal Reserve considered sure to leave interest rates unchanged Wednesday, investors will be looking to hear Powell sound a reassuring theme that a pause in the Fed’s rate hikes could last a while. (AP Photo/Susan Walsh, File)
January 30, 2019 - 3:13 am
WASHINGTON (AP) — With the Federal Reserve considered sure to leave interest rates unchanged Wednesday, investors will be hoping to hear Chairman Jerome Powell sound a reassuring theme that a pause in the Fed's rate hikes could last a while. Powell has been invoking the word "patient" to describe...
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A government supporter reads a newspaper standing next to a poster featuring Venezuela's late President Hugo Chavez with a message that reads in Spanish: "Hot corner, Maduro president," in Caracas, Venezuela, Tuesday, Jan. 29, 2019. “Esquina Caliente” or Hot Corner is a section of Plaza Bolivar where Chavez supporters gather regularly. (AP Photo/Rodrigo Abd)
January 29, 2019 - 5:59 pm
CARACAS, Venezuela (AP) — The latest on the political and economic crisis in Venezuela (all times local): 6:55 p.m. The Venezuelan opposition's new envoy in Washington is calling for the international community to ramp up pressure on the socialist government of President Nicolas Maduro. Carlos...
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National security adviser John Bolton speaks as Treasury Secretary Steven Mnuchin listens during a press briefing at the White House, Monday, Jan. 28, 2019, in Washington. (AP Photo/ Evan Vucci)
January 28, 2019 - 7:27 pm
WASHINGTON (AP) — The Trump administration on Monday sanctioned Venezuela's state-owned oil company, ratcheting up pressure on socialist President Nicolas Maduro to cede power to the U.S.-backed opposition in the oil-rich nation in South America. The action means Maduro's embattled government would...
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Venezuela's self-declared interim leader Juan Guaido, center, greets supporters after a rally at a public plaza in Las Mercedes neighborhood of Caracas, Venezuela, Saturday, Jan. 29, 2019. Venezuela's political showdown moves to the United Nations where a Security Council meeting called by the United States will pit backers of President Nicolas Maduro against the Trump administration and supporters of Guaido. (AP Photo/Fernando Llano)
January 26, 2019 - 9:25 pm
CARACAS, Venezuela (AP) — Nicolas Maduro's government backtracked Saturday from its order for U.S. Embassy personnel to leave Venezuela, moving to defuse tensions with Washington just hours after international diplomats traded heated rhetoric at a special U.N. Security Council meeting on the South...
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