Tag: Banking and credit

Startup cards stay open to credit builders

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While major credit card issuers tightened lending standards and slashed credit limits amid COVID-19, some financial technology startups took a different tack. ...

Regulators liquidate troubled Indianapolis credit union

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INDIANAPOLIS — A credit union formed nearly six decades ago by Indianapolis newspaper employees has been liquidated, two months after regulators placed the financially-troubled...

Budget writers derail plan seen as bailout for Hoeven’s bank

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BISMARCK, N.D. — Budget writers in the Republican-controlled North Dakota House want to derail legislation to save a troubled shipping facility, after criticism that...

Eastern Caribbean dollar goes digital, a help for unbanked

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SAN JUAN, Puerto Rico — The Eastern Caribbean has created its own form of digital currency meant to help speed transactions and serve people...

UN experts pull back on corruption claims against Yemen

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UNITED NATIONS — The U.N. panel of experts monitoring sanctions against Yemen has pulled back from its claims of corruption and money laundering by...

IMF head: global growth prospects rising but dangers remain

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WASHINGTON — The head of the 190-nation International Monetary Fund says prospects for global growth have brightened since January, helped by a $1.9 trillion...

Swiss banker to Venezuelan kleptocrats becomes star witness

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MIAMI — Matthias Krull pulls up his pant leg and slides a gardening shear on the ankle monitor that for two years has been...

Cash-strapped Sudan clears overdue payments to World Bank

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CAIRO — The Sudanese government said Friday it cleared all of its overdue payments to the World Bank, a move that gives the highly-indebted...

Powell likens emergency Covid efforts to efforts at Dunkirk

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WASHINGTON — Federal Reserve Chairman Jerome Powell compared the actions taken by the central bank early in the pandemic as the economy barreled toward...

US 30-year mortgage rates jump to 3.17%, highest since June

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McCLEAN, Va. — U.S. long-term mortgage rates jumped to their highest level since June, though still remain near historic lows. ...