Commercial banking

In this picture taken on Thursday, June 11, 2020, Viktor Babariko, candidate presidential elections and the former head of Belgazprombank, speaks to media during a news conference in Minsk, Belarus. Belarusian authorities have taken control of a Russia-owned commercial bank that was led by a man who is now running to challenge Belarus’ authoritarian president. President Alexander Lukashenko, who is seeking a sixth term in the Aug. 9 election, has accused Belgazprombank chief executive Viktor Babariko of corruption and called him a “scoundrel.” (AP Photo/Sergei Grits)
June 18, 2020 - 1:02 pm
Belarusian authorities on Thursday detained the former head of a Russia-owned commercial bank who has emerged as the top challenger to Belarus’ authoritarian leader in the August election. President Alexander Lukashenko, who is seeking a sixth term in the Aug. 9 vote, has accused Belgazprombank...
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Visitors enjoy themselves at Yoyo Land, an indoor amusement center in Bangkok, Thailand, Tuesday, June 16, 2020. Daily life in the capital resumes to normal as the government continues to ease restrictions related to running business and activities that were imposed weeks ago to combat the spread of COVID-19. Thailand reported no local transmissions of the coronavirus in the past 3 weeks. (AP Photo/ Gemunu Amarasinghe)
June 16, 2020 - 1:59 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to the national and global response, the work place and the spread of the virus. ________________________ TRAVEL: The pandemic has altered travel behavior in...
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A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, June 15, 2020. Asian shares were mostly lower Monday on concern over a resurgence of coronavirus cases and pessimism after Wall Street posted its worst week in nearly three months. (AP Photo/Eugene Hoshiko)
June 16, 2020 - 12:09 am
TOKYO (AP) — Asian shares rose Tuesday, cheered by fresh moves by the U.S. Federal Reserve to support markets battered by the coronavirus pandemic. Japan's benchmark Nikkei 225 gained 3.2% to 22,212.62. South Korea's Kospi gained 4.5% to 2,123.35, while Australia's S&P/ASX 200 jumped 3.7% to 5,...
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People, wearing face masks to protect against coronavirus, sign to support potential presidential candidates in the upcoming presidential elections in Minsk, Belarus, Sunday, June 14, 2020. The presidential campaign is underway in Belarus despite the coronavirus outbreak after the parliament and government refused to postpone the election scheduled for August 9. (AP Photo/Sergei Grits)
June 15, 2020 - 11:23 am
MINSK, Belarus (AP) — Belarusian authorities on Monday took control of a Russia-owned commercial bank that was led by a man who is now running to challenge Belarus' authoritarian leader. President Alexander Lukashenko, who is seeking a sixth term in an Aug. 9 election, has accused Belgazprombank...
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FILE -- In this Thursday, March 12, 2020 file photo the President of European Central Bank Christine Lagarde looks up prior to a press conference following a meeting of the ECB governing council in Frankfurt, Germany. The European Central Bank has boosted its pandemic emergency support program by 600 billion euros to 1.35 trillion euros ($1.5 trillion) in an effort to keep affordable credit flowing to the economy during the steep downturn caused by the virus outbreak. (AP Photo/Michael Probst, file)
June 04, 2020 - 2:09 pm
FRANKFURT, Germany (AP) — The European Central Bank has boosted its pandemic emergency support program by an unexpectedly large 600 billion euros to 1.35 trillion euros ($1.5 trillion), adding to efforts in Europe and around the world to help the economy weather the steep downturn caused by the...
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FILE - In this Aug. 7, 2019, file photo, Reserve Bank of India (RBI) Governor Shaktikanta Das speaks during a press conference in Mumbai, India. India’s central bank on Friday, May 22, 2020, cut its key interest rate to 4% to revive the economy severely hit the coronavirus outbreak and a two-month lockdown. Reserve Bank of India Governor Das also said India's gross domestic product in financial 2020-21 was expected to have negative growth. (AP Photo/Rajanish Kakade, File)
May 22, 2020 - 11:04 am
NEW DELHI (AP) — India’s central bank on Friday cut its key interest rate to 4% to counter the blow to the economy from the coronavirus pandemic and a lockdown meant to contain it. Reserve Bank of India Governor Shaktikanta Das forecast that the economy will contract in fiscal 2020-21. He did not...
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FILE - In this March 3, 2020 file photo, Federal Reserve Chair Jerome Powell speaks during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. The Federal Reserve said Friday, April 24, it had $85.8 billion in loans outstanding last week in three of the programs it rolled out last month to protect the economy during the coronavirus pandemic.   (AP Photo/Jacquelyn Martin, File)
April 24, 2020 - 12:26 pm
WASHINGTON (AP) — The Federal Reserve had $85.8 billion in loans outstanding last week in three of the programs it rolled out last month to protect the economy during the coronavirus pandemic. In a report to Congress that provided a look at the three programs as of April 14, it said Friday that it...
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Roads are seen deserted during a lockdown in Greater Noida, a suburb of New Delhi, India, Thursday, March 26, 2020. Some of India's legions of poor and people suddenly thrown out of work by a nationwide stay-at-home order began receiving aid distribution Thursday, as both the public and private sector work to blunt the impact of efforts to curb the coronavirus pandemic. Untold numbers of them are now out of work and many families have been left struggling to eat. (AP Photo/Altaf Qadri)
March 27, 2020 - 1:41 am
NEW DELHI (AP) — India’s central bank on Friday cut its key interest rate by a sizable 75 basis points to 4.4% from 5.15% to ease financing troubles caused by the coronavirus outbreak and help revive the economy. That’s the lowest benchmark rate the Reserve Bank of India has charged on lending to...
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FILE - In this Feb. 5, 2018, file photo, the seal of the Board of Governors of the U.S, Federal Reserve System lies embedded in the floor at the Marriner S. Eccles Federal Reserve Board Building in Washington. The Federal Reserve announced late Wednesday, March 18, 2020, that it will establish an emergency lending facility to help unclog a short-term credit market that has been disrupted by the coronavirus outbreak. The Fed said it will lend money to banks that purchase financial assets from money market mutual funds, including short-term IOUs known as commercial paper. (AP Photo/Andrew Harnik, File)
March 19, 2020 - 9:50 am
Washington (AP) — The Federal Reserve has set up a program to exchange dollars for foreign currency with nine central banks to support dollar lending in global markets that are under pressure from the impact of the viral outbreak. The move, announced Thursday, enables foreign banks to provide...
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People wearing face masks travel by metro in Brussels, Wednesday, March 18, 2020. Belgium has ordered further lockdown measures starting Wednesday, following in the steps of European neighbours Italy, Spain and France. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Francisco Seco)
March 18, 2020 - 8:24 pm
FRANKFURT, Germany (AP) — The European Central Bank is launching a new, expanded program to buy financial assets in a bid to calm markets as monetary authorities struggle to counter the devastation the virus outbreak is wreaking on the global economy. The ECB said it could buy up to 750 billion...
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