Latest Banks News

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, May 20, 2020.  Asian shares were mixed Wednesday as market players waffled between hopes for recovery as economies gradually reopen and worries over the havoc wreaked by the pandemic. (AP Photo/Ahn Young-joon)

Asian shares mixed as virus worries counter recovery hopes

May. 19, 2020 11:50 PM EDT

TOKYO (AP) — Asian shares were mixed Wednesday as market players waffled between hopes for recovery as economies gradually reopen and worries over the havoc wreaked by the pandemic. Japan's benchmark Nikkei 225 rose nearly 0.9% in morning trading to 20,606.92 on expectations that a state of emergency...

In this satellite image made available by NOAA shows Tropical Storm Arthur off the coast of North Carolina, Monday, May 18, 2020. The storm dropped several inches of rain on parts of eastern North Carolina and flooded roads before moving out to sea away from the state. (NOAA via AP)

Tropical Storm Arthur spins out to sea, will drench Bermuda

May. 19, 2020 7:17 AM EDT

Tropical Storm Arthur moved further out to sea Tuesday and was expected to dissipate into a depression before dumping heavy rain on Bermuda later in the week. The first named storm of the Atlantic hurricane season sent rain over North Carolina Monday and forecasters warned to expect dangerous surf and rip...

FILE - In this Aug. 10, 2006 file photo, Turkish Prime Minister Recep Tayyip Erdogan, left, and King Abdullah of Saudi Arabia, right, applaud after Islamic Chamber of Commerce and Industry President Sheikh Saleh Abdullah Kamel, center, made a speech during a meeting at the Ottoman era Ciragan Palace in Istanbul, Turkey. Billionaire Saudi businessman Saleh Abdullah Kamel, who founded the banking and real estate conglomerate Dallah Albaraka Group, has died at the age of 79. His business empire grew in the late 1960′s, at the same time that the kingdom was using its oil wealth to rapidly develop and in need of homegrown companies to build roads, highways and cities. (AP Photo/Murad Sezer, File)

Billionaire Saudi banking tycoon dead at 79, family says

May. 19, 2020 7:03 AM EDT

RIYADH, Saudi Arabia (AP) — Billionaire Saudi businessman Saleh Abdullah Kamel, who founded the banking and real estate conglomerate Dallah Albaraka Group, has died, according to relatives quoted in the kingdom’s media. He was 79. People close to Kamel told The Associated Press he died at the Dr....

Customers drink coffee at the Versailles restaurant and pastry shop in Lisbon, Monday, May 18, 2020. Some cafes and restaurants are reopening in Portugal on Monday. The government is gradually easing measures introduced to stem the spread of the new coronavirus. (AP Photo/Armando Franca)

Business, government operate under new rules, market rallies

May. 18, 2020 6:17 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to national and global response, the work place and the spread of the virus. ________________________ DAY AFTER: States are trying to figure out the safest way to restart...

In this satellite image made available by NOAA shows Tropical Storm Arthur off the coast of North Carolina, Monday, May 18, 2020. The storm dropped several inches of rain on parts of eastern North Carolina and flooded roads before moving out to sea away from the state. (NOAA via AP)

Tropical Storm Arthur hits North Carolina coast with rain

May. 18, 2020 5:18 PM EDT

Tropical Storm Arthur moved out to sea Monday after dumping heavy rain on North Carolina as forecasters warned that the first named storm of the Atlantic hurricane season could continue to whip dangerous surf and rip currents for another day or more along the U.S. East Coast. The storm represented another early...

Tropical Storm Arthur crawls closer to North Carolina coast

May. 18, 2020 2:39 AM EDT

MIAMI (AP) — Tropical Storm Arthur crawled closer to the North Carolina coast early Monday, amid threats of some minor flooding and rough seas as the system moves off the Southeast seaboard. Arthur formed Saturday in waters off Florida, marking the sixth straight year that a named storm has developed...

File-This April 12, 2020, file photo shows participants in the Episcopal Church Virtual Choir  in a collage during a live streamed Easter Sunday service at the National Cathedral, in Washington. Congregational singing is considered essential for many churches. But, in the midst of the coronavirus, religious leaders have received jarring predictions from scientists well-versed in virology as well as vocal practices. Clergy are considering what to do with the results of those reports. (AP Photo/Jacquelyn Martin, File)

Churches may reopen, but many services won’t have singing

May. 17, 2020 5:08 PM EDT

(RNS) — They are words the Rev. John Witvliet, an expert on Christian worship, never thought he would hear himself say. “Based on the science that we are learning about this week, we are urging and I am personally urging extreme caution,” said Witvliet, director of the Calvin Institute of...

Tropical Storm Arthur forms, 1st named storm of season

May. 17, 2020 5:03 AM EDT

MIAMI (AP) — Tropical Storm Arthur formed off the coast of Florida on Saturday, making it the sixth straight year for a named storm to develop before the official June 1 start of the Atlantic hurricane season. The U.S. National Hurricane Center in Miami issued a tropical storm warning for North Carolina's...

A waiter with a face mask carries food in a restaurant in Vienna, Austria, Thursday, May 14, 2020. In Austria restaurants may open again under certain conditions from Friday on. The Austrian government has moved to restrict freedom of movement for people, in an effort to slow the onset of the COVID-19 coronavirus. (AP Photo/Ronald Zak)

Companies begin to navigate a world that is vastly changed

May. 14, 2020 1:51 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to national and global response, the work place and the spread of the virus. ________________________ TESTING THE WATERS: With countries and U.S. states beginning to relax...

A client gives a banknote to pay a fishmonger wears a face shield as she works at a Paris open air food market, Tuesday, May 12, 2020. Outdoor food markets reopened in Paris on Tuesday as France is cautiously easing the two-month lockdown across the country. Specific measures, such as more widely spaced stalls, have been implemented to enforce physical distancing. (AP Photo/Nicolas Garriga)

Pants, bras are out, PJs in; travel industry layoffs begin

May. 12, 2020 1:12 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to national and global response, the work place and the spread of the virus. ________________________ TRAVEL & LODGING: Hotels, rental cars, cruises, flights, anything...