Financial Services

The Latest: UK central bank defends change of mind on rates

May 10, 2018

Bank of England Governor Mark Carney has defended himself against a charge that his public comments on interest rate moves lack credibility.

UK central bank keeps its main interest rate at 0.5 percent amid evidence that economy is slowing

May 10, 2018

UK central bank keeps its main interest rate at 0.5 percent amid evidence that economy is slowing

Chinese court sentences Anbang founder to 18 years for fraud

May 10, 2018

Chinese state media say the founder of the Chinese insurance company that owns New York City's Waldorf Hotel has been sentenced to 18 years in prison for fraudulently raising $10 billion from investors

New Zealand central bank governor says economy in sweet spot

May 10, 2018

New Zealand's new central bank governor says he has started his job with the economy in a sweet spot thanks to robust growth, high levels of employment and low inflation

Hedge fund founder charged with mismarking securities

May 9, 2018

A New York hedge fund founder has been arrested on charges that he exaggerated his company's performance by over $200 million to impress investors

NYPD tests new tool that detects credit card skimmers

May 9, 2018

The NYPD is testing a new device designed by a team of computer engineers at the University of Florida that makes it easy to detect credit card skimmers

Feds, KleinBank settle suit over lending practices

May 8, 2018

The U.S. Department of Justice and a Minnesota bank have settled a lawsuit alleging the bank engaged in mortgage lending practices that discriminate against minorities

US House nullifies anti-discrimination rule for car loans

May 8, 2018

The GOP-led House has voted to kill guidance from a consumer protection agency aimed at ensuring lenders don't charge minority consumers more on car loans

Judge approves sale of Weinstein Co. to private equity firm

May 8, 2018

A Delaware bankruptcy judge says she will approve a private equity firm's purchase of the Weinstein Co., the studio forced into bankruptcy by the sexual misconduct scandal that brought down Hollywood mogul Harvey Weinstein.

Argentina seeking credit line from IMF

May 8, 2018

President Mauricio Macri says Argentina has begun talks with the International Monetary Fund about a credit line following sharp devaluation of its currency

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