FDIC News: FDIC Podcasts Chronicle Causes, Responses to Financial Crisis

(STL.News) – The FDIC today released a series of podcasts featuring discussions about Crisis and Response:…

Venezuela buckles under massive power, communications outage

CARACAS, Venezuela (AP) — Venezuela’s worst power and communications outage on Friday deepened a sense of isolation…

Eurozone recession fears mount on manufacturing drop

LONDON (AP) — Worries are growing that the 19-country eurozone economy is heading toward a recession…

Eurozone unemployment rate falls to decade-plus low

BRUSSELS (AP) — Official figures show that unemployment across the 19-member eurozone at its lowest rate…

Stock market turmoil pushes Norway’s oil fund to loss

COPENHAGEN, Denmark / FEBRUARY 27, 2019 (STL.News) Volatility in stock markets last year pushed Norway’s sovereign wealth…

Billionaire list shows $1T hit from ’18 market meltdown

BANGKOK (AP) — A rich list by wealth compiler Hurun Report shows the market meltdowns in…

CARACAS, Venezuela | The Latest: US envoy Elliott Abrams is heading to Colombia

CARACAS, Venezuela (AP) — The Latest on the political crisis in Venezuela (all times local): 7:00…

FRANKFURT, Germany | European Central Bank concerned by economic slowdown

FRANKFURT, Germany (AP) — Top officials of the European Central Bank worried at their last meeting…

LONDON | Brexit’s toll: UK economy at weakest since financial crisis

LONDON (AP) — Mounting uncertainty over Brexit saw the British economy slow last year to its…

LONDON | UK economy to grow at weakest rate since financial crisis

LONDON (AP) — The British economy is set to grow this year by its weakest rate…

Orange County Real Estate Firm Signals Next Leg of Financial Crisis

  IRVINE, Calif./ Dec. 5, 2018 (STL.News) With the S&P 500 closing firmly below a key…

BRUSSELS | Eurozone ministers reach compromise deal on reform package

BRUSSELS  — Eurozone finance ministers have agreed to strengthen the single currency bloc’s defenses against any…

ISLAMABAD | Pakistan’s currency plunges again as country seeks IMF loan

ISLAMABAD— Pakistan’s currency has plunged further as the country is mired in a financial crisis and…

MILAN | Italy to press on with budget, asks EU sanctions be delayed

MILAN — Italy’s leader said Thursday that the government will speed up investments to help economic…

CHICAGO | Turbulent stock market spooks some older workers, retirees

CHICAGO — The recent turbulence in the U.S. stock markets is spooking some older workers and…

NEW YORK | Stocks close sharply lower in latest bout of volatility, putting S&P 500 on track for worst month since financial crisis

NEW YORK — Stocks close sharply lower in latest bout of volatility, putting S&P 500 on…

NEW YORK | Japanese bank Nomura to pay $480M for role in housing crisis

NEW YORK— Japanese bank Nomura is agreeing to pay $480 million to U.S. authorities for its…

NEW YORK | Goldman Sachs, Morgan Stanley both report strong 3Q profits

NEW YORK — The leading U.S. investment banks — Goldman Sachs and Morgan Stanley — each…

SAN FRANCISCO | Wells Fargo’s profit rises to $6 billion in latest quarter

SAN FRANCISCO — Wells Fargo, still haunted by multiple scandals, reported higher earnings in the third…

UNITED NATIONS | Money or not, world can’t drop Palestinian refugees, says UN

UNITED NATIONS— Facing a financial crisis after the United States cut funding, the head of the…

WASHINGTON | Trump to nominate economist Nellie Liang for Fed board seat

WASHINGTON— President Donald Trump is set to nominate former Federal Reserve economist Nellie Liang to the…

Realtors® Chief Economist Reflects on Past Recession, What’s Ahead for Housing

WASHINGTON/ Aug. 27, 2018 (STL.News)– American financial and lending systems look vastly different nearly a decade…

VILNIUS, Lithuania | Netanyahu welcomes airlines decision not to fly to Iran

VILNIUS, Lithuania — Israeli Prime Minister Benjamin Netanyahu, on a trip Thursday to Lithuania, welcomed the…

WASHINGTON | Senate panel approves Trump’s nominee for consumer watchdog

WASHINGTON — The Senate Banking Committee on Thursday approved Kathy Kraninger as director of the Consumer Financial…

S&P 500 marks longest bull run on mixed day for indexes

The bull market in U.S. stocks is now the longest on record. The current bull run…

ANKARA, Turkey | Getting personal: US, Turkish leaders feud over arrest

ANKARA, Turkey  — A detained American pastor has become a symbol of a growing rift between…

Royal Bank of Scotland fined $4.9B for housing bubble role

Royal Bank of Scotland will pay a $4.9 billion fine to settle allegations it misrepresented the…

LONDON | Bank of England expected to raise interest rates

LONDON — The Bank of England is expected to raise its benchmark interest rate Thursday for…

WASHINGTON | Powell bullish on US economy, expects rates to keep rising

WASHINGTON — Federal Reserve Chairman Jerome Powell gave lawmakers an upbeat assessment of the economy and…

Congress nears dismantling of post-crisis bank rules

WASHINGTON/May 22, 2018 (AP)(STLRealEstate.News)— Congress was taking a final step Tuesday toward dismantling a chunk of…