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FILE - In this Nov. 11, 2019 file photo, Riad Salameh the governor of Lebanon's Central Bank, listens to a journalist's question during a press conference, in Beirut, Lebanon. Salameh was touted as the guardian of Lebanon’s monetary stability as he steered the tiny country's finances through post-war recovery and various bouts of unrest for nearly three decades. Now, Lebanon’s long-serving central bank governor is being called a “thief” by some protesters, who accuse him of being part of the ruling elite whose corruption and mismanagement has driven the country to the edge of bankruptcy. (AP Photo/Hussein Malla, File)

Lebanon crisis brings mixed legacy for central bank governor

May. 28, 2020 2:14 AM EDT

BEIRUT (AP) — Touted as the guardian of Lebanon’s monetary stability, he steered the tiny country's finances for nearly three decades, through post-war recovery and bouts of unrest. Now, Lebanon’s central bank governor is being called a “thief” by some anti-government...

Ex-CEO, citing virus, seeks home sentence in college scam

Apr. 24, 2020 4:09 PM EDT

BOSTON (AP) — The former CEO of a top investment company who got nine months in prison in the college admissions bribery scheme asked a judge if he could begin his sentence at home because of the risk of catching the coronavirus behind bars. Lawyers for Douglas Hodge said in a filing Thursday that the...

FILE - In this  Oct. 14, 2019 file photo a Bank of America logo is attached to the exterior of the Bank of America Financial Center building, in Boston. Bank of America Corp. reports financial results Wednesday, April 15, 2020. (AP Photo/Steven Senne, File)

Banks brace for big loan defaults by US, global customers

Apr. 15, 2020 12:11 PM EDT

NEW YORK (AP) — The major banks in the U.S. are anticipating a flood of loan defaults as households and business customers take a big financial hit from the coronavirus pandemic. JPMorgan Chase, Wells Fargo, Bank of America, Citigroup and Goldman Sachs raised the funds set aside for bad loans by nearly...