Financial services

December 05, 2019 - 9:51 am
WASHINGTON (AP) — The Justice Department unsealed charges Thursday against two Russian men in what authorities say was one of the worst computer hacking and bank fraud schemes of the past decade. Maksim V. Yakubets, 32, of Moscow and Igor Turashev, 38, from Yoshkar-Ola, Russia were charged in the...
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FILE - In this Oct. 18, 2019, file photo, Pacific Gas and Electric Company workers bury utility lines in Paradise, Calif. Pacific Gas & Electric officials urged a federal bankruptcy judge to approve an insurance settlement that would enable the nation's largest utility to regain its financial footing while covering at least $20 billion in losses stemming from catastrophic wildfires tied to its equipment and negligence. (AP Photo/Rich Pedroncelli, File)
December 04, 2019 - 6:42 pm
SAN FRANCISCO (AP) — Pacific Gas & Electric on Wednesday urged a federal bankruptcy judge to approve a key insurance settlement as it struggles to regain its financial footing and cover at least $20 billion in losses stemming from catastrophic wildfires in California tied to its equipment. The...
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Businesswoman Kelly Loeffler, right, smiles while being introduced by Georgia Gov. Brian Kem, left, as his pick to fill Georgia's vacant U.S. Senate seat at the Georgia State Capitol on Wednesday, Nov. 4, 2019, in Atlanta. (Alyssa Pointer/Atlanta Journal-Constitution via AP)
December 04, 2019 - 12:46 pm
ATLANTA (AP) — Georgia’s Republican governor has chosen a wealthy businesswoman and political newcomer to fill an upcoming vacancy in the U.S. Senate, flouting President Donald Trump’s preferred candidate in a play for moderate suburban voters. Gov. Brian Kemp formally announced his selection of...
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A woman uses ATM outside a bank, as a Lebanese policeman stands guard, in Beirut, Lebanon, Wednesday, Nov. 20, 2019. Lebanon’s worsening financial crisis has thrown businesses and households into disarray. Banks are severely limiting withdrawals of hard currency, and Lebanese say they don’t know how they’ll pay everything from tuitions to insurance and loans all made in dollars. Politicians are paralyzed, struggling to form a new government in the face of tens of thousands of protesters in the streets for the past month demanding the entire leadership go. (AP Photo/Bilal Hussein)
December 04, 2019 - 10:27 am
BEIRUT (AP) — Lebanon’s central bank on Wednesday dramatically lowered interest rates on dollar and Lebanese pound deposits and loans — the latest measure to shore up the country’s banking system amid a burgeoning economic crisis. Banque de Liban also announced that for the next six months it would...
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FILE-In this Tuesday, Sept. 6, 2011 file photo, Mary Brock, right, and Kelly Loeffler cheer from their courtside seats as the Atlanta Dream basketball team plays in the second half of their WNBA basketball game, in Atlanta. Republican donor and financial services executive Loeffler tapped by Georgia governor Kemp for U.S. Senate seat as three-term Republican Sen. Johnny Isakson, who is stepping down because of health issues. (AP Photo/David Tulis, File)
December 02, 2019 - 7:20 pm
ATLANTA (AP) — Georgia’s governor is expected to appoint a wealthy business executive to replace an outgoing U.S. senator, according to a GOP political consultant, bypassing President Donald Trump’s preferred pick and betting instead that a moderate woman can garner enough support to hold onto the...
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This Sunday, Dec. 1, 2019, photo shows rewards offered through Chase bank on an iPhone in the Brooklyn borough of New York. Banks want to turn data they already have on your spending habits into extra revenue by identifying likely customers for retailers. Wells Fargo became the latest bank to customize retail offers to individual customers. It joins Chase, Bank of America, PNC, SunTrust and a slew of smaller banks. (AP Photo/Jenny Kane)
December 02, 2019 - 11:20 am
NEW YORK (AP) — There’s a powerful new player watching what you buy so it can tailor product offerings for you. That’s the bank behind your credit or debit card. For years, Google and Facebook have been showing ads based on your online behavior. Now banks, too, want to turn data they have on your...
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Protesters chant slogans during ongoing protests against the Lebanese political class as riot police stand guard in front of Finance Ministry building in Beirut, Lebanon, Friday, Nov. 29, 2019. Protesters have been holding demonstrations since Oct. 17 demanding an end to widespread corruption and mismanagement by the political class that has ruled the country for three decades. (AP Photo/Bilal Hussein)
November 29, 2019 - 12:05 pm
BEIRUT (AP) — Angry motorists blocked roads with their vehicles in Beirut and other parts of Lebanon on Friday, creating traffic jams to protest a strike by owners of gas stations demanding an increase in gasoline prices as the local currency drops and the nation slides deeper into a financial...
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Pope Francis waves to faithful as he arrives for his weekly general audience, in St. Peter's Square, at the Vatican, Wednesday, Nov. 27, 2019. (AP Photo/Andrew Medichini)
November 28, 2019 - 12:00 am
VATICAN CITY (AP) — Pope Francis has tapped a Bank of Italy executive to take over the Vatican’s financial intelligence unit following a scandal that resulted in the Vatican being suspended from an international anti-money laundering network. Carmelo Barbagallo has been head of the Italian central...
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FILE - This March 15, 2016, file photo, shows casino mogul Steve Wynn at a news conference in Medford, Mass. Wynn Resorts has agreed to accept $41 million from former CEO and chairman Wynn and insurance carriers as part of a settlement stemming from shareholder lawsuits accusing company directors of failing to disclose the casino mogul’s alleged pattern of sexual misconduct. The company said in a statement late Wednesday, Nov. 27, 2019, neither the company nor its current or former directors or officers were found to have committed any wrongdoing in connection with the pending settlement. (AP Photo/Charles Krupa, File)
November 27, 2019 - 9:27 pm
RENO, Nev. (AP) — Wynn Resorts agreed Wednesday to accept $41 million from former CEO and chairman Steve Wynn and insurance carriers as part of a settlement stemming from shareholder lawsuits accusing company directors of failing to disclose the casino mogul’s alleged pattern of sexual misconduct...
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The new President of the European Central Bank Christine Lagarde adds her signature to an oversize euro banknote at the ECB in Frankfurt, Germany, Wednesday, Nov. 27, 2019. (AP Photo/Michael Probst)
November 27, 2019 - 6:01 am
FRANKFURT, Germany (AP) — The new president of the European Central Bank has added her signature to euro banknotes, which she describes as “the most tangible symbol of European integration.” Christine Lagarde signed the euro bills in a brief ceremony Wednesday at the ECB’s Frankfurt headquarters, a...
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