Banking

• EU: Belgium Gave Illegal Tax Breaks Totaling $760 Million

  BRUSSELS – The European Union has ordered Belgium to recover some $760 million in...

  • Posted January 11, 2016
• Evertec’s Red ATH Payments System Back Online After 2-hour Outage

  SAN JUAN — Island merchants were slowly getting access back online to Evertec’s Red...

  • Posted January 9, 2016
• US Consumer Borrowing Increases $14 Billion in November

  WASHINGTON – U.S. consumers boosted their borrowing in November, as higher credit card spending...

  • Posted January 8, 2016
• Swiss Central Bank Loses Billions from Currency Move

  GENEVA – The Swiss National Bank says it expects to post a massive loss...

  • Posted January 8, 2016
• China’s Market Turmoil: Worry, but Don’t Panic

  NEW YORK – There’s no reason for panic. Worry, yes, but not panic. That...

  • Posted January 7, 2016
• UK Warns of ‘Dangerous Cocktail’ of Economic Threats

  LONDON – Britain’s Treasury chief is set to warn Thursday of a “dangerous cocktail”...

  • Posted January 7, 2016
• Workers are Saving More for Retirement, led by Millennials

  NEW YORK – Workers are saving more for retirement, and the youngest – not...

  • Posted January 7, 2016
• IRS Watchdog Warns of Scaled-back Service in Agency Plans

  WASHINGTON – The IRS is planning to push you to fire up the computer...

  • Posted January 6, 2016
• Fed Minutes: Some Saw December Rate Hike as ‘Close Call’

  WASHINGTON – Despite the Federal Reserve’s unanimous vote to raise a key interest rate...

  • Posted January 6, 2016
• Sanders Vowing to Break up Banks During First Year in Office

  NEW YORK – Characterizing Wall Street as an industry run on “greed, fraud, dishonesty...

  • Posted January 5, 2016