Tag: Financial services
Big US banks to employees: Return to the office vaccinated
NEW YORK — Wall Street's big investment banks are sending a message to their employees this summer: Get back into the office, and bring...
Fed’s Powell says high inflation temporary, will ‘abate’
WASHINGTON — Federal Reserve Chair Jerome Powell said Tuesday that he expects recent price spikes will soon subside and reduce inflation to a sustainable...
Lebanon raises price of bread amid crippling economic crisis
BEIRUT — Lebanon’s economy ministry on Tuesday raised the price of subsidized bread for the fifth time in a year amid the tiny country’s...
More changes made to Boy Scouts of America bankruptcy plan
DOVER, Del. — The latest bankruptcy plan filed by the Boy Scouts of America increases the contributions from the BSA and its local councils...
Inflation ahead? Even a top economist says it’s complicated
WASHINGTON — Two months of sharply rising prices have raised concerns that record-high government financial aid and the Federal Reserve’s ultra-low interest rate policies...
Tottenham repays COVID loan, frees up funds for signings
LONDON — Tottenham announced Friday it had paid back the 175 million pounds ($243 million) it borrowed from the Bank of England as part...
Turkey’s central bank keeps interest rate unchanged at 19%
ISTANBUL — Turkey’s central bank left its key benchmark interest rate unchanged at 19% on Thursday.
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US average mortgage rates mostly lower; 30-year at 2.93%
WASHINGTON — Mortgage rates were mostly lower this week as the economy continued to show signs of recovery from the pandemic recession and recent...
DOJ sues to block AON’s $30B acquisition of Willis Towers
WASHINGTON — The Biden administration has sued to block the merger of two of the world's largest insurance brokers, asserting the deal could eliminate...
DOJ sues to block AON’s $30B acquisition of Willis Towers
WASHINGTON — The Biden administration has sued to block the merger of two of the world's largest insurance brokers, asserting the deal could eliminate...