Financial crisis

This long exposure picture shows cars driving on the highway with the Banking district in background in Frankfurt, Germany, Thursday, Nov. 1, 2018. (AP Photo/Michael Probst)
November 02, 2018 - 4:15 pm
FRANKFURT, Germany (AP) — Europe-wide stress tests show that big banks would come through a theoretical financial crisis in better shape than in the last such test two years ago. But several analysts said the test didn't mean Europe could sound the all-clear about potential trouble from Italian...
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November 01, 2018 - 8:36 am
LONDON (AP) — The Bank of England warned Thursday that Britain could suffer an economic shock if it crashes out of the European Union without a deal, saying it could cause another big fall in the value of the pound, potential gridlock at ports and even interest rate increases. After keeping its...
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FILE- In this Oct. 24, 2018, file photo specialist Peter Mazza, left, and trader Anthony Carannante work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Oct. 30. (AP Photo/Richard Drew, File)
October 30, 2018 - 4:35 pm
NEW YORK (AP) — U.S. stocks climbed Tuesday after solid earnings reports from several big companies. Stocks had closed at five-month lows the day before, and groups of companies that struggled badly made big gains. Many of the best-performing stocks Tuesday came from parts of the market that have...
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October 26, 2018 - 10:11 am
LONDON (AP) — Britain's High Court says Barclays will not face trial on charges relating to its emergency fundraising from Qatar at the height of the financial crisis. The Serious Fraud Office had accused Barclays over a 2008 deal to give to Qatar Holding LLC a $3 billion loan that was then used to...
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FILE - In this file photo taken Aug. 2, 2005, a Prudential Financial sign on the marquis direct customers to the company inside an office building in Salt Lake City. A group of federal regulators has lifted the strict government oversight imposed on big insurer Prudential Financial Inc. It was the last financial company still carrying the label that subjected it to special restrictions stemming from the 2008 financial crisis. (AP Photo/Douglas C. Pizac, File)
October 17, 2018 - 11:10 am
WASHINGTON (AP) — A group of federal regulators on Wednesday lifted the strict government oversight imposed on big insurer Prudential Financial Inc. It was the last financial company still carrying the label that subjected it to special restrictions stemming from the 2008 financial crisis. The...
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FILE - This Feb. 9, 2018, file photo shows the Capitol Dome of the Capitol Building at sunrise in Washington. The federal budget deficit has surged to $779 billion in fiscal 2018, its highest level in six years as President Donald Trump's tax cuts caused the government to borrow more heavily in order to cover its spending. The Treasury Department said Monday, Oc. 15, that the deficit climbed $113 billion from fiscal 2017. (AP Photo/Andrew Harnik, File)
October 15, 2018 - 6:02 pm
WASHINGTON (AP) — The federal budget deficit has surged to $779 billion in fiscal 2018, its highest level in six years as President Donald Trump's tax cuts caused the government to borrow more heavily in order to cover its spending. The Treasury Department said Monday that the deficit climbed $113...
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FILE- In this June 2, 2018 file photo, U.S. Treasury Secretary Steven Mnuchin speaks at a news conference during a meeting for the G7 Finance and Central Bank Governors in Whistler, British Columbia. Mnuchin says President Donald Trump respects the independence of the Federal Reserve and his recent comments were simply a reflection of the fact that he favors low interest rates. In a CNBC interview, Mnuchin said that Trump understands that the Fed is doing its job. Trump this week has blamed the market's big sell-off on the Fed's interest rate increases, saying "the Fed is out of control." (Jonathan Hayward/The Canadian Press via AP, File)
October 13, 2018 - 4:54 am
NUSA DUA, Indonesia (AP) — Global financial leaders wrapped up an annual meeting of the International Monetary Fund and World Bank on Saturday by urging countries to brace for potential risks from trade disputes and other tensions. The meetings in Bali, Indonesia, this week were overshadowed by a...
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From left to right, Managing Director of International Monetary Fund (IMF) Christine Lagarde, Finland's Finance Minister Petteri Orpo, and Indonesia's Finance Minister Sri Mulyani Indrawati pose for a group photo during the IMF and World Bank meetings in Bali, Indonesia on Saturday, Oct. 13, 2018. (AP Photo/Firdia Lisnawati)
October 13, 2018 - 3:54 am
NUSA DUA, Indonesia (AP) — The Latest on the annual meeting of the International Monetary Fund and World Bank in Bali, Indonesia (all times local): 3:55 p.m. The managing director of the International Monetary Fund, Christine Lagarde, has said she still intends to attend an investment conference in...
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FILE - In this June 24, 2016, file photo, a man walks by the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Oct. 12, 2018. (AP Photo/Richard Drew, File)
October 12, 2018 - 3:33 pm
NEW YORK (AP) — U.S. stocks are on track to finish a wobbly day moderately higher Friday, clawing back some of the steep drops they suffered over the previous two days. Stocks remain volatile after that plunge, and are headed for their worst weekly loss in six months. Investors have been rattled by...
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Specialist Peter Mazza works on the floor of the New York Stock Exchange, Thursday, Oct. 11, 2018. Stocks are slumping for a second straight day as the market endures its most volatile stretch since February. (AP Photo/Richard Drew)
October 12, 2018 - 2:14 pm
Woah, what was that? After months of relative calm, Wall Street has been jolted by a sudden run of turbulent trading. The swoon wiped more than 1,300 points from the Dow Jones Industrial Average over two days and dragged the benchmark S&P 500 index down more than 5 percent. The VIX index, which...
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