Latest Financial services News

A Trump Fed choice steps aside, and another faces new doubts

Apr. 23, 2019 12:06 AM EDT

WASHINGTON (AP) — President Donald Trump's efforts to reshape the Federal Reserve stumbled on Monday, with one of his potential nominees for the Fed's board withdrawing from consideration and another being enveloped by fresh doubts. Herman Cain, a former CEO of Godfather's Pizza, asked to be taken out of...

The Latest: Family: Doomed flight was property scouting trip

Apr. 22, 2019 10:51 PM EDT

DALLAS (AP) — The Latest on a Texas plane crash that killed all six people on board (all times local): 10 p.m. The family of one of the six people killed in the crash of a twin-engine aircraft in the Texas Hill Country says the flight was to survey some property when the plane crashed. In a statement to...

California bill encourages banks to work with pot businesses

Apr. 22, 2019 8:56 PM EDT

LOS ANGELES (AP) — California legislators considered a plan Monday intended to encourage more banks to do business with marijuana companies that have been frozen out of thousands of financial institutions. Most Americans live in states where marijuana is legally available in some form. But most financial...

A Trump Fed choice steps aside, and another faces new doubts

Apr. 22, 2019 6:05 PM EDT

WASHINGTON (AP) — President Donald Trump's efforts to reshape the Federal Reserve stumbled on Monday, with one of his potential nominees for the Fed's board withdrawing from consideration and another being enveloped by fresh doubts. Herman Cain, a former CEO of Godfather's Pizza, asked to be taken out of...

Liz Weston: How debt 'solutions' could dig you in deeper

Apr. 22, 2019 7:02 AM EDT

Americans are slipping ever deeper into hock. To cope, many people turn to debt consolidation loans, cash-out mortgage refinancing and retirement plan loans that promise relief but could leave them worse off. Paying off high-rate debt such as credit cards with lower-rate loans may seem like a no-brainer....

New indictment expands case against Nissan ex-chair Ghosn

Apr. 22, 2019 6:06 AM EDT

TOKYO (AP) — Japanese prosecutors said Monday they have indicted Nissan's former chairman Carlos Ghosn on fresh breach of trust charges that expand their allegations of financial misconduct outside Japan. After the indictment, Ghosn's lawyers filed a request for his release on bail, the Tokyo District...

The Latest: Court says Nissan ex-chair Ghosn seeking bail

Apr. 22, 2019 2:59 AM EDT

TOKYO (AP) — The Latest on the Nissan Motor Co.'s former chairman, Carlos Ghosn, who is facing financial misconduct charges (all times local): 4 p.m. The Tokyo District Court says that lawyers for Nissan's former chairman Carlos Ghosn have requested his release on bail. The request followed Ghosn's...

Worth the risk? It's not easy to put a value on a cathedral

Apr. 19, 2019 3:12 AM EDT

LONDON (AP) — Rebuilding Notre Dame, the 800-year-old Paris cathedral devastated by fire this week, will cost billions of dollars as architects, historians and artisans work to preserve the medieval landmark. But contrary to what one might think, little of the money will come from insurance companies....

Asian stocks sink after Wall Street declines

Apr. 18, 2019 12:36 AM EDT

BEIJING (AP) — Asian stocks fell Thursday after Wall Street declined despite encouraging Chinese economic data. Benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all retreated. Sydney was little-changed. U.S. stocks fell despite data showing growth in China's gross domestic product held steady in the...

APNewsBreak: Ivanka Trump says she passed on World Bank job

Apr. 17, 2019 11:15 PM EDT

ABIDJIAN, Ivory Coast (AP) — White House senior adviser Ivanka Trump says her father asked her if she was interested in the job of World Bank chief but she passed on it. In an Associated Press interview, President Donald Trump's daughter said Wednesday she was happy with her current role in the...