Tag: Banking and credit

Fed says restrictions on bank dividends and buybacks to end

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WASHINGTON — The Federal Reserve said Thursday that as of June 30 it will end for most banks the temporary limits it had imposed...

Survey: Business economists favor increased federal spending

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WASHINGTON — A majority of business economists think the recovering economy will benefit from much more government spending despite concerns in financial markets that...

Cyber attack tied to China boosts development bank’s chief

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MIAMI — The cyberattack crested just as finance officials from across Latin America were descending on Washington to commemorate the 60th anniversary of the...

Turkish lira plummets after Erdogan fires central bank chief

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ANKARA, Turkey — The Turkish currency plummeted against the U.S. dollar on Monday after President Recep Tayyip Erdogan fired the central bank governor over...

Turkey’s president fires central bank governor by decree

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ISTANBUL — Turkey’s president has fired the central bank governor, who in his four months in office had won the praise of investors for...

Report: DOJ investigating Visa over debit card business

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CHARLOTTE, N.C. — Visa is under investigation by the Department of Justice's antitrust division over whether the company pushes merchants into more expensive forms...

N. Dakota House cools to bill seen as helping Hoeven’s bank

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BISMARCK, N.D. — Republican North Dakota House leaders on Friday signaled a reluctance to fully support a proposal to would funnel $10 million to...

Fed to end relaxed capital requirements for large banks

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WASHINGTON — The Federal Reserve says it will restore capital requirements for large banks that were relaxed as part of the Fed’s efforts to...

Powell: US economy gaining, but recovery ‘far from complete’

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WASHINGTON — Federal Reserve Chair Jerome Powell reiterated his belief Friday that while the U.S. economy has been steadily rebounding from the devastation caused...

G7 suggest boosting IMF reserves to help vulnerable nations

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LONDON — The Group of Seven leading industrial nations on Friday proposed bolstering the International Monetary Fund's reserves for the first time since 2009,...