Latest Financial services News

FILE - In this Friday, Dec. 22, 2017 file photo, President Donald Trump speaks to reporters after signing a tax bill and continuing resolution to fund the government, in the Oval Office of the White House in Washington. Trump’s true financial picture has gotten renewed scrutiny in the wake of a New York Times report in September 2020 that he declared hundreds of millions in losses in recent years, allowing him to pay just $750 in taxes the year he won the presidency, and nothing for 10 of 15 years before that. (AP Photo/Evan Vucci)

Trump facing devastating debt load? Experts say not so fast

Sep. 29, 2020 7:03 PM EDT

NEW YORK (AP) — President Donald Trump reportedly must pay back more than $300 million in loans over the next four years, raising the possibility his lenders could face an unprecedented situation should he win a second term and not be able to raise the money: foreclosing on the leader of the free world....

$557K going to community loan fund to help small businesses

Sep. 29, 2020 6:04 PM EDT

CONCORD, N.H. (AP) — A total of $557,000 is going to the New Hampshire Community Loan Fund to support small businesses and promote economic growth in communities amid the pandemic, the state's congressional delegation said Tuesday. “As the economic fallout spurred by this pandemic worsens, it is...

FILE- In this Aug. 6, 2020 file photo, New York State Attorney General Letitia James takes a question at a news conference in New York. During a Tuesday, Sept. 29 media conference call on an initiative, dubbed

Regulators crack down on aggressive, dubious debt collectors

Sep. 29, 2020 5:51 PM EDT

NEW YORK (AP) — Those mysterious debt collectors who call insisting you’ll be in legal peril if you don’t pay them big bucks are in hot water themselves, accused in a nationwide crackdown of harassing and threatening consumers, often about debts that don’t actually exist. The Federal...

Ex-IMF chief acquitted in Spanish bank stock listing case

Sep. 29, 2020 4:52 PM EDT

MADRID (AP) — Spain’s National Court has acquitted 34 people who were tried over the stock market listing of financial firm Bankia, including former International Monetary Fund chief Rodrigo Rato. Rato, who is serving a 4 1/2-year prison sentence for a separate case involving the misuse of Bankia's...

FILE - In this Sept. 1, 2020 file photo, riot policemen beat anti-government protesters during a protest near Parliament Square, in Beirut, Lebanon. An economic meltdown, a revolution, financial collapse, a virus outbreak and a cataclysmic explosion that virtually wiped out the country's main port. The past year has been nothing short of an earthquake for tiny Lebanon, with an economic meltdown, mass protests, financial collapse, a virus outbreak and a cataclysmic explosion that virtually wiped out the country’s main port. Yet Lebanese fear even darker days are ahead. (AP Photo/Hassan Ammar, File)

AP Analysis: Dark days ahead for Lebanon as crisis bites

Sep. 29, 2020 4:30 PM EDT

BEIRUT (AP) — In less than a year, Lebanon has been hit by an economic meltdown, mass protests, financial collapse, a virus outbreak and a cataclysmic explosion that virtually wiped out the country’s main port. Yet Lebanese fear even darker days are ahead. The country’s foreign reserves are...

European Central Bank head: Ready to add stimulus if needed

Sep. 28, 2020 1:03 PM EDT

FRANKFURT, Germany (AP) — European Central Bank head Christine Lagarde says the bank's massive monetary stimulus measures have helped stabilize the economy amid the pandemic and the ECB is ready to deploy even more stimulus if necessary. Lagarde told members of the European Parliament's economic and...

Tennessee man convicted of bank fraud, conspiracy

Sep. 28, 2020 7:56 AM EDT

JACKSON, Tenn. (AP) — A Tennessee man has been convicted in federal court of defrauding three banks in Tennessee and Alabama. Charles Ray Smith, 71, of Crump, deposited and directed others to deposit more than $116 million in fraudulent bank checks into his companies' bank account, defrauding Central Bank...

FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)

Liz Weston: Sustainable investing could get a lot harder

Sep. 28, 2020 7:04 AM EDT

Interest in sustainable investing is soaring, as more people become convinced that making a positive impact can be profitable as well as good for the planet and society. Unfortunately, the Labor Department doesn’t think these investments belong in your 401(k). In June, the federal regulator proposed a...

President Donald Trump speaks during a campaign rally at Harrisburg International Airport, Saturday, Sept. 26, 2020, in Middletown, Pa. (AP Photo/Steve Ruark)

AP FACT CHECK: Trump's dubious claims on health care, court

Sep. 28, 2020 1:31 AM EDT

WASHINGTON (AP) — President Donald Trump isn't providing all the facts when he promises that people with preexisting medical problems will always be covered by health insurance if “Obamacare” is ruled unconstitutional. Eager to get conservative Judge Amy Coney Barrett quickly confirmed to the...

This photo provided by Burson Cohn & Wolfe shows Kathryn Ross.  Ross was one of just two Black women in Accenture’s Miami office when she joined the global consulting firm nearly 27 years ago. Ross is now a managing partner and is heading a new initiative to help bring venture capital to Black-owned start-ups. (Rodney Wright Photography/Burson Cohn & Wolfe via AP)

Insider Q&A: Accenture directs capital to Black start-ups

Sep. 27, 2020 1:00 PM EDT

NEW YORK (AP) — Kathryn Ross was one of just two Black women in Accenture's Miami office when she first joined the global consulting firm nearly 27 years ago. Now a managing partner, Ross was tapped in December to create the inclusion and diversity agenda for Accenture's venture capital investment arm. ...