ATHENS, Greece (AP) — Greece on Friday backed calls by Bolivia's left-wing President Evo Morales for a negotiated settlement to the severe political and financial crisis in Venezuela, in what...
PIERRE, S.D. (AP) — South Dakota lawmakers on Wednesday approved millions of dollars of new funding for nursing homes experiencing a financial crisis that's led to five closures over the last...
PIERRE, S.D. (AP) — The Latest on the South Dakota state budget (all times local):
South Dakota lawmakers have approved millions of dollars of new funding for nursing homes...
West Virginia private college declares financial crisis
WHEELING, W.Va. (AP) — A private West Virginia college says it is having a financial crisis that requires immediate attention.
Wheeling Jesuit University President Michael Mihalyo says in a...
WASHINGTON (AP) — The decade-long bull market in stocks was fueled in no small part by the aggressive moves the Federal Reserve took after the 2008 financial crisis and the Great Recession to...
WASHINGTON (AP) — The Latest on the appearance of the new chief of the Consumer Financial Protection Bureau before the House Financial Services Committee (all times local):
NEW YORK (AP) — The bull market for U.S. stocks turns 10 years old this weekend, which puts it way past senior citizen status for a market run. It's got the scars to prove it.
OCALA, Fla. (AP) — In the past decade, breeding of racing thoroughbreds continues to consolidate in Kentucky, leaving other states, including Florida, to fight over a smaller piece of a shrinking...
Eurozone unemployment rate falls to decade-plus low
BRUSSELS (AP) — Official figures show that unemployment across the 19-member eurozone at its lowest rate since the global financial crisis.
Eurostat said Friday that the jobless rate across...
Powell says Fed likely to end bond trimming by end of 2019
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Wednesday that the Fed is close to announcing a plan to end the reduction of the size of its massive bond portfolio, which looks...
The Latest: Fed to end runoff of bond holdings this year
WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell's testimony to the Congress (all times local):
GE sells biopharma unit for $21 billion
BOSTON (AP) — General Electric is selling its biopharma business to Danaher Corp. for $21.4 billion as it continues to sell off chunks of a once sprawling conglomerate.
Hampshire College makes 1st round of layoffs
AMHERST, Mass. (AP) — A Massachusetts college that announced plans to seek a merger partner before it reaches a financial crisis has announced its first round of layoffs.
Saudi crown prince arrives in Pakistan for regional visit
ISLAMABAD (AP) — Saudi Arabia's powerful Crown Prince Mohammed bin Salman began his four-day regional visit on Sunday, arriving in Pakistan where Saudi officials signed agreements worth $20 billion to help the Islamic nation overcome its financial crisis.
Prime Minister Imran Khan and top government and military officials greeted him at Islamabad's airport, where he received a 21-gun salute. Earlier, Pakistan Air Force jets escorted Prince Mohammad's flight when he entered the country's airspace.
Warren returns to Nevada, heart of 2008 economic crisis
LAS VEGAS (AP) — Democrat Elizabeth Warren, who made her name as a consumer advocate following the 2008 financial crisis, will make her first appearance Sunday as a presidential candidate in Las Vegas, the boom-and-bust town that made Nevada the epicenter of the country's foreclosure crisis.
The Massachusetts senator is trying to distinguish herself from a crowded field of 2020 candidates as income inequality emerges as a key issue.
AP Explains: Polarized by Catalonia, Spain heads to election
MADRID (AP) — Spain's Prime Minister Pedro Sanchez has called a general election for April 28 after his minority government's budget proposal was rejected by lawmakers.
Watergate in full: Epic documentary shows at Berlin fest
BERLIN (AP) — Charles Ferguson thought Watergate had never "properly been done." The result was a documentary that explores the American presidential scandal in its full epic span, clocking in at more than four hours.
The director of financial crisis documentary "Inside Job," which won an Oscar in 2011, is presenting the film this week at the Berlin International Film Festival, where it had its European premiere. The documentary was shown in the U.S. last year.
- Connecticut PostSenate report on Lamont appointment paints damning pictureMarch 14, 2019
- The Times-TribuneHow Much Longer Can Dairy Farmers Endure?March 3, 2019
- Houston ChronicleFormer Crosby superintendent says board knew of financial crisis since 2017February 20, 2019
- The AdvocateRoyal Bank of Scotland posts 2018 profitsFebruary 15, 2019
Brexit unease sees UK economy takes a turn for the worse
LONDON (AP) — The British economy has not had a worse year since the global financial crisis and Brexit uncertainty is clearly to blame. The government even admits it.
Official figures released Monday showed that a lack of clarity over Brexit weighed on businesses throughout 2018 and kept a lid on their investments.
BB&T, SunTrust merge to create nation’s 6th largest bank
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 bank in the country, putting BB&T and SunTrust in the ranks of other megabanks like JPMorgan Chase, Bank of America and Wells Fargo.
For young investors, jumpy market presents first big test
NEW YORK (AP) — After gliding through years where stocks mostly just rose, a generation of investors last year suddenly confronted a hard financial truth: Stocks are risky and can plunge at any...
Survey: Workers trust their employer over other institutions
DAVOS, Switzerland (AP) — With trust in governments taking a hit since the global financial crisis, people around the world view their employer as the most trusted institution in their lives, according to a survey published Monday.
SNHU offers emergency fund for students affected by shutdown
MANCHESTER, N.H. (AP) — Southern New Hampshire University has established a $1 million emergency fund for students and employees affected by the partial government shutdown.
Hampshire College seeks merger amid financial pressure
AMHERST, Mass. (AP) — A Massachusetts college is hoping to merge with another institution well before it reaches a financial crisis.
Hampshire College says it has a balanced budget and a healthy endowment, but it faces the same pressures that have forced other small schools to close.
China to cut taxes, keep policy flexible to counter slowdown
BEIJING (AP) — China plans to slash taxes, step up spending and provide ample financing to private and small enterprises to help counter the country's worst slowdown since the global financial crisis and the impact of a bruising trade war with the U.S.
Eurozone unemployment a bright spot amid growing gloom
LONDON (AP) — Unemployment across the 19-country eurozone fell in November to a decade-low rate, official figures showed Wednesday, but worries over the economic outlook have stoked concerns it may not fall much lower, if at all.
Eurostat, the European Union's statistics agency, said a 90,000 monthly fall in the number out of work to 13.04 million reduced the overall rate to 7.9 percent from the previous month's 8 percent.
Wanted by US, former Mozambican official appears in SA court
JOHANNESBURG (AP) — A former Mozambican finance minister on Tuesday appeared in a South African court following a U.S. extradition request linked to a $2 billion loan scandal that plunged Mozambique into financial crisis.
- Business WireKBRA Assigns Ratings to SMI Equity Release 2018-1 Designated Activity Company (SMI 2018-1)March 20, 2019
- Business WireJennison Associates fixed income team hires portfolio manager Dmitri RabinMarch 11, 2019
- Business WireAriel Investments Marks 10th Anniversary of GFC Market Bottom with “From the Front Lines of the Financial Crisis” StudyMarch 5, 2019
- Business WireBanking Masterclass: 2-Day Course covering the Banking Environment & Operating Model as Well as Key Functions, Roles and Instruments (London, United Kingdom - June 17-18, 2019) - ResearchAndMarkets.comFebruary 18, 2019
UK car sales fell in 2018 by most since financial crisis
LONDON (AP) — New vehicle sales in the U.K. fell in 2018 by their biggest rate since the global financial crisis a decade ago due to a weaker economy and a raft of regulatory changes, an industry lobby group said Monday.
The Society of Motor Manufacturers and Traders said the new car market was down 6.8 percent from the year before at 2.37 million units. That's the biggest decline since 2008, when Britain sank into a deep recession amid the financial crisis.
With Brexit 12 weeks away, uncertainty squeezing UK economy
LONDON (AP) — With Britain just 12 weeks away from the day it is meant to leave the European Union, one thing is becoming clear — uncertainty over what Brexit will mean is hurting the economy.
Hospital delays paychecks amid financial crisis
ELLWOOD CITY, Pa. (AP) — A small, financially struggling western Pennsylvania hospital has delayed paying its workers.
Biweekly paychecks due Dec. 21 haven't been distributed, and employees of Ellwood City Hospital say previous paychecks have bounced.
Elizabeth Warren takes big step toward 2020 presidential bid
WASHINGTON (AP) — Sen. Elizabeth Warren on Monday took the first major step toward launching a widely anticipated campaign for the presidency, hoping her reputation as a populist fighter can help her navigate a Democratic field that could include nearly two dozen candidates.
Pass it on: Redfin CEO says try to be steady in tough times
LOS ANGELES (AP) — Glenn Kelman knows something about steering a company through tumultuous economic times.
As chief executive of Seattle-based Redfin, Kelman led the discount real estate brokerage through the extreme boom-and-bust cycles that that roiled the U.S. housing market the past two decades. That includes the aftermath of the 2008 financial crisis and the worst downturn in housing since the Great Depression.
Asian stocks sink after Wall Street dives on rate hike
BEIJING (AP) — Asian stock markets sank Thursday after the Federal Reserve raised U.S. interest rates and Wall Street dived to a 15-month low.
Former bank executives sentenced to prison for fraud
WILMINGTON, Del. (AP) — Two former executives of the only financial institution criminally charged in connection with the federal bank bailout program were sentenced to prison Wednesday for misleading investors and federal regulators about the bank's troubled condition in the wake of the 2008 financial crisis.
Consumer financial watchdog abandons name change plan
NEW YORK (AP) — The Consumer Financial Protection Bureau has decided to abandon a controversial renaming plan, in one of the first big decisions by its new permanent director.
The CFPB no longer wants to call itself the "Bureau of Consumer Financial Protection," a change that had been sought by Mick Mulvaney, President Trump's acting director of the bureau. The decision was announced in an email by new director Kathy Kraninger on Wednesday, who took over earlier this month.
Ex-bank president gets 6 years prison for fraud, conspiracy
WILMINGTON, Del. (AP) — The former president of the only financial institution criminally charged in connection with the federal bank bailout program was sentenced Monday to six years in prison for covering up the bank's troubled condition in the wake of the 2008 financial crisis.
Eurozone ministers reach compromise deal on reform package
BRUSSELS (AP) — Eurozone finance ministers have agreed to strengthen the single currency bloc's defenses against any future financial crisis.
Eurogroup President Mario Centeno said early Tuesday that "after several months of intense negotiations and a very tough and long meeting we delivered a comprehensive plan to strengthen the euro."
Fed Chairman Powell says economic challenges remain
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Monday that despite solid economic progress, the country still faces a number of challenges ranging from slow wage-growth for lower-income workers to sluggish productivity and an aging population.
Powell said in remarks at a Fed award ceremony that these challenges remain even though unemployment is near five-decade low and the financial system has been bolstered since the 2008 financial crisis.
Pakistan’s currency plunges again as country seeks IMF loan
ISLAMABAD (AP) — Pakistan's currency has plunged further as the country is mired in a financial crisis and seeking an $8 billion bailout package from the International Monetary Fund.
The Pakistani rupee traded at 142 to the dollar on Friday, a decline from 133.90 rupees to $1 at close of business the previous day.
Greek police arrest dozens in gold smuggling network
ATHENS, Greece (AP) — Police in Greece say they have arrested 63 people accused of running a major gold smuggling operation, using a network of pawn shops that rapidly expanded during the country's severe financial crisis.
Fed: Some US businesses’ debt at highest level in 2 decades
WASHINGTON (AP) — American corporations have elevated their debt loads to potentially risky levels, the Federal Reserve said Wednesday in a report that raised concerns about the financial system 10 years after the 2008 crisis erupted.
European banking chief: euro needs a central budget
FRANKFURT, Germany (AP) — The head of the European Central Bank is renewing his pleas to fix flaws in the 19-country euro currency, urging European leaders to adopt a central spending pot to buffer individual governments against financial crises.
Mario Draghi said Monday in the European Parliament that "the euro area needs a fiscal instrument" to keep member countries afloat during sudden shocks like the 2007-08 global financial crisis.
Volatile stock market spooking some older workers, retirees
CHICAGO (AP) — The recent turbulence in the U.S. stock markets is spooking some older workers and retirees, a group that was hit particularly hard during the most recent financial...
FRANKFURT, Germany (AP) — European businesses are unsettled as they watch the U.S. and China collide over trade. And for good reason: the nascent global trade war could represent the biggest single threat to the economic upswing that has helped the region get past its financial crisis.
In theory, some European companies could benefit, jumping into market niches if Chinese businesses are kept out of the U.S. market. But that would only be a few companies or sectors.