Financial services

FILE - This April 24, 2014, file photo shows the logo of Swiss bank UBS and the Swiss flag in Zurich, Switzerland. The multinational investment bank has ended support for offshore drilling in the Arctic amid efforts to tackle climate change, a move that could affect future funding for oil and gas projects in Alaska, the Anchorage Daily News reported Friday, March 6, 2020. (Steffen Schmidt/Keystone via AP, File)
March 07, 2020 - 10:52 pm
KENAI, Alaska (AP) — A multinational investment bank has ended support for offshore drilling in the Arctic amid efforts to tackle climate change, a move that could affect future funding for oil and gas projects in Alaska, a newspaper said. Switzerland-based UBS Bank joined several other investment...
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Trader Michael Milano, center, works on the floor of the New York Stock Exchange, Friday, March 6, 2020. Stocks are opening sharply lower on Wall Street and bond yields are sinking to more record lows as investors fear that economic damage from the spreading coronavirus outbreak will be longer than previously thought. (AP Photo/Richard Drew)
March 06, 2020 - 6:06 pm
WASHINGTON (AP) — The response in stock markets to the growing risk from the coronavirus has been swift and fierce. But a better gauge of fear on Wall Street may be the bond market, where the moves over the past few weeks have been even more breathtaking. Interest rates on a range of U.S...
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March 06, 2020 - 3:11 pm
WASHINGTON (AP) — U.S. consumer borrowing slowed in January as borrowing on credit cards declined following a huge surge in December. The Federal Reserve said Friday that consumer credit rose by $12 billion following a $20.3 billion surge in December. The December number reflected the biggest...
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Trader Peter Mancuso prepares for the day's trading, on the floor of the New York Stock Exchange, Thursday, March 5, 2020. (AP Photo/Richard Drew)
March 05, 2020 - 1:10 pm
NEW YORK (AP) — Fear dominated financial markets again on Thursday, and stocks fell sharply on worries about the fast-spreading virus outbreak. It's the latest shudder in Wall Street's wildest week in more than eight years. Major indexes lost more than 3% in afternoon trading, and Treasury yields...
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A currency trader wearing a face mask watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, March 5, 2020. Asian shares rose Thursday, taking their cue from a surge on Wall Street as governments and central banks took more aggressive measures to fight the virus outbreak and its effects on the economy.(AP Photo/Ahn Young-joon)
March 05, 2020 - 6:27 am
LONDON (AP) — Stock markets turned lower on Thursday, despite earlier gains in Asia, extending days of wild swings as investors try to gauge the economic damage of the virus outbreak and how much governments and central banks can help. European markets quickly lost their early gains, with France's...
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Traders gather at a post on the floor of the New York Stock Exchange, Wednesday, March 4, 2020. Stocks are surging in early trading on Wall Street, led by health care stocks after Joe Biden scored a number of Super Tuesday wins. (AP Photo/Richard Drew)
March 04, 2020 - 3:50 pm
The Dow Jones Industrial Average soared more than 1,100 points, or 4.5%, Wednesday as governments and central banks around the globe took more aggressive measures to fight the virus outbreak and its effects on the economy. The gains more than recouped the market's big losses from a day ealier as...
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A currency trader walks by a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Wednesday, March 4, 2020. Asian stock markets were mostly higher Wednesday after Wall Street sank despite an emergency U.S. interest cut aimed at defusing fears a virus outbreak might depress global economic activity. (AP Photo/Lee Jin-man)
March 04, 2020 - 3:35 am
BEIJING (AP) — Global stock markets were mixed Wednesday after Wall Street sank despite an emergency U.S. interest cut aimed at defusing fears the virus outbreak might stunt global economic activity. London opened lower while Germany advanced. Shanghai gained, Sydney and Hong Kong declined and...
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A currency trader walks by a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Wednesday, March 4, 2020. Asian stock markets were mostly higher Wednesday after Wall Street sank despite an emergency U.S. interest cut aimed at defusing fears a virus outbreak might depress global economic activity. (AP Photo/Lee Jin-man)
The Associated Press
March 04, 2020 - 3:26 am
BEIJING (AP) — Global stock markets were mixed Wednesday after Wall Street sank despite an emergency U.S. interest cut aimed at defusing fears the virus outbreak might stunt global economic activity. London opened lower while Germany advanced. Shanghai gained, Sydney and Hong Kong declined and...
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Travelers Meredith Ponder, left, and Coleby Hanisch, both of Des Moines, Iowa, wear masks to remind them not to touch their faces as they ride a train at Seattle-Tacoma International Airport Tuesday, March 3, 2020, in SeaTac, Wash. Six of the 18 Western Washington residents with the coronavirus have died as health officials rush to test more suspected cases and communities brace for spread of the disease. All confirmed cases of the virus in Washington are in Snohomish and King counties. (AP Photo/Elaine Thompson)
March 03, 2020 - 8:14 pm
PARIS (AP) — The coronavirus epidemic shifted increasingly westward toward the Middle East, Europe and the United States on Tuesday, with governments taking emergency steps to ease shortages of masks and other supplies for front-line doctors and nurses. “We are concerned that countries' abilities...
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Travelers at Seattle-Tacoma International Airport wear masks Tuesday, March 3, 2020, in SeaTac, Wash. Six of the 18 Western Washington residents with the coronavirus have died as health officials rush to test more suspected cases and communities brace for spread of the disease. All confirmed cases of the virus in Washington are in Snohomish and King counties. (AP Photo/Elaine Thompson)
March 03, 2020 - 5:42 pm
AID AVAILABLE: The World Bank announced Tuesday that it is making $12 billion available to provide immediate support to low-income countries dealing with the health and economic impacts of the coronavirus. World Bank President David Malpass said the money will go to help developing nations...
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