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Stories with subject: Financial crisis
  • Obama muses about his legacy, offers counterpoint to GOP story has photos
    Updated: Jun-01-15 5:08 pm

    WASHINGTON - President Barack Obama is not shy about defining his achievements and casting them in the most positive light, yet he is loath to talk about his "legacy."

  • EU nations, parliament reach deal on major investment plan 
    Updated: May-28-15 5:05 am

    BRUSSELS - European Union nations and legislators have reached a deal in principle to create a fund that could generate up to 315 billion euros ($345 billion) in private- and public-sector investment to upgrade infrastructure, stimulate the EU's sluggish economies and ignite job growth.

  • Is rent out of reach? Study shows how 11 US cities stack up 
    Updated: May-28-15 1:13 am

    NEW YORK - Renters are on the rise in America's biggest cities, but many tenants are scrambling to keep up with growing rent bills and shrinking vacancies, according to a study being released Thursday.

  • Nigeria paying $800 million to oil suppliers to end crisis 
    Updated: May-26-15 5:28 pm

    LAGOS, Nigeria - Nigeria's outgoing government has agreed to pay a debt of $800 million to resolve a months-long fuel crisis crippling the economy days before the inauguration of a new president in the country, oil suppliers said Wednesday.

  • Deutsche Bank paying $55M settlement on incorrect reports 
    Updated: May-26-15 1:32 pm

    WASHINGTON - Germany's Deutsche Bank AG has agreed to pay $55 million to settle civil charges of filing incorrect reports during the financial crisis that downplayed risks of huge losses.

  • AEK Athens returns to top league after financial collapse 
    Updated: May-26-15 10:48 am

    ATHENS, Greece - Greek club AEK Athens has returned to the country's top soccer league, two years after financial collapse sent it to a lower league.

  • Spain leader blames austerity, scandals for election result story has photos
    Updated: May-25-15 2:08 pm

    MADRID - Spain's prime minister acknowledged Monday he was disappointed with his party's showing in local elections, which he attributed largely to austerity measures his government was compelled to take during Europe's recent debt crisis and a recent string of political scandals.

  • Currency tumbles as Venezuelans look to unload bolivars story has photos
    Updated: May-22-15 10:14 pm

    CARACAS, Venezuela - Venezuelans are dumping their rapidly-depreciating currency at a quicker pace, leading to a staggering plunge in its free-market value, as the crisis-plagued economy edges closer to an outbreak of hyperinflation.

  • World Bank: Gaza economy on 'verge of collapse' 
    Updated: May-22-15 1:34 am

    JERUSALEM - A new World Bank report warns that Gaza's economy is on the "verge of collapse."

  • Business leaders throw support behind coal plant proposal 
    Updated: May-21-15 7:49 pm

    ALBUQUERQUE, New Mexico - Business leaders on Thursday outlined the economic devastation they say could come if New Mexico regulators fail to approve a plan to shut down part of a decades-old coal-fired power plant to meet a federal mandate.

  • GOP senators advance bill to ease rules on smaller banks 
    Updated: May-21-15 4:26 pm

    WASHINGTON - Republican senators advanced legislation Thursday that would ease rules on smaller banks and other requirements of the landmark law reining in Wall Street and the financial industry after the 2008 crisis.

  • Previous FIFA Presidential Elections story has photos
    Updated: May-21-15 12:06 pm

    ZURICH - Sepp Blatter would certainly argue that being president of FIFA is the best job in sports. Becoming FIFA president is one of the hardest.

  • Banks fined more than $5B, to plead guilty to market rigging story has photos
    Updated: May-20-15 5:41 pm

    WASHINGTON - Four of the world's biggest banks agreed Wednesday to pay more than $5 billion in penalties and plead guilty to rigging the currency markets - a rare instance in which federal prosecutors have wrung an admission of criminal wrongdoing from a major financial institution.

  • New York's top financial regulator to step down 
    Updated: May-20-15 5:30 pm

    ALBANY, New York - Benjamin Lawsky, New York state's top financial regulator who collected billions of dollars in penalties and fees from Wall Street giants, announced Wednesday that he will step down.

  • Despite growth uptick, full recovery still far for Europe story has photos
    Updated: May-20-15 11:10 am

    FRANKFURT, Germany - Europe's economy has been down so long, even a bit of growth looks like recovery.

  • Top US regulators warn of new threats to financial system 
    Updated: May-19-15 6:21 pm

    WASHINGTON - The panel created to prevent a repeat of the 2008 financial crisis said Tuesday that banks and other financial institutions are stronger now but regulators must remain alert to new risks including the danger posed from cyberattack.

  • New York state regulator proposes foreclosure law change 
    Updated: May-19-15 3:52 pm

    ALBANY, New York - New York's top bank regulator on Tuesday proposed amending state law to shorten the foreclosure process for homes with delinquent mortgages.

  • UN lowers global economic growth estimate amid modest pace 
    Updated: May-19-15 2:41 pm

    UNITED NATIONS - The United Nations is lowering its growth estimate for the global economy this year, saying its previous forecast of 3.1 percent growth in 2015 is now more likely to be 2.8 percent instead.

  • Frustration with Latin America's left on the rise story has photos
    Updated: May-18-15 7:38 pm

    CARACAS, Venezuela - Venezuela's socialist government is struggling to put food on the shelves amid runaway inflation. Brazil's president is facing calls for impeachment. And even Cuba's communist government, an iconic touchstone for generations of leftists, is embracing closer ties with the U.S.

  • NY regulators say 11 lenders to monitor vacant properties 
    Updated: May-18-15 5:35 pm

    ALBANY, New York - New York regulators said Monday that 11 lenders have agreed to monitor and maintain vacant properties in an effort to protect them and combat neighborhood blight.

  • Warren has irked Obama before, but trade deepens their rift story has photos
    Updated: May-14-15 6:50 pm

    WASHINGTON - When President Barack Obama huffed that Elizabeth Warren, the Massachusetts senator and established liberal star, was a "politician like everybody else" he revealed a rift that predates the current hostilities between the two Democrats over trade.

  • Puerto Rico closes dozens of schools as economic woes deepen 
    Updated: May-14-15 10:49 am

    SAN JUAN, Puerto Rico - Francisco Oller Elementary School once bustled with kids, but now birds nest in classrooms strewn with leaves and glass from shattered fluorescent lights. Long-discarded homework assignments paper the ground. Graffiti covers the walls.

  • Appeals court skeptical of fairness of trader's conviction 
    Updated: May-13-15 5:19 pm

    NEW YORK - An appeals court panel on Wednesday expressed doubts about the fairness of a prosecution that led to a prison sentence for a man convicted of defrauding a government bailout program.

  • In Washington, NYC mayor touts national liberal vision story has photosstory has video
    Updated: May-12-15 10:45 pm

    WASHINGTON - New York City Mayor Bill de Blasio, fashioning himself as one of the left's loudest voices on economic causes, appeared in Washington on Tuesday to make two stops on his national tour to tout the need to fight income inequality - one with Sen. Elizabeth Warren, the other to unveil his national liberal political platform - before meeting with President Barack Obama.

  • Australia plans to cut business tax and balance books 
    Updated: May-12-15 6:17 am

    CANBERRA, Australia - Australia announced cuts to foreign aid, lower taxes for small businesses and cheaper child care in an annual budget that tries to balance paying off debt with energizing an economy that's being sapped by China's slowdown.