BEIJING, – China’s growth will moderate over the medium term as the economy continues to rebalance gradually. Growth is expected to slow to 7.6 percent in 2014, and 7.5 percent in 2015, from 7.7 percent in 2013, according to the World Bank’s China Economic Update released today. “The rebalancing will be uneven reflecting tensions between […]
SARAJEVO, May 26, 2014—South East Europe’s (SEE6[1]) economy began recovering from the 2012 recession, growing by 2.2 percent on average in 2013, according to the World Bank’s latest South East Europe Regular Economic Report (SEE RER). Looking ahead, the report says the region is projected to grow at 1.9 percent in 2014 and 2.6 percent […]
(Detroit) – JPMorgan Chase & Co. unveiled today a $100 million, five-year commitment to support and accelerate Detroit’s economic recovery and strengthen its communities. This long-term investment is the Firm’s largest commitment to a city and among the largest corporate commitments to Detroit. It builds upon the Firm’s deep roots as one of Michigan’s leading […]
WASHINGTON, May 20, 2014 – Agriculture Secretary Tom Vilsack today announced that the Department is accepting applications for loans and grants to support community development projects, business expansion and job creation. “These USDA investments are part of the Obama Administration’s ongoing efforts to create jobs and expand economic opportunities for rural entrepreneurs,” Vilsack said. “Through […]
NEW YORK– American International Group, Inc. (NYSE:AIG) announced today that it has completed the sale of its 100% interest in International Lease Finance Corporation (ILFC) to AerCap Holdings N.V. (NYSE: AER) in exchange for consideration of $3.0 billion of cash and 97,560,976 newly issued AerCap common shares. The total value of the consideration is approximately […]
Washington D.C., — The Securities and Exchange Commission today announced that on Tuesday it filed charges against the Massachusetts-based operators of a large pyramid scheme that mainly targeted Dominican and Brazilian immigrants in the U.S. The charges were filed under seal, in connection with the Commission’s request for an immediate asset freeze. That asset freeze, […]
To help parents and students prepare financially for college, Wells Fargo & Company (NYSE: WFC) launched the Get College ReadySM website, a new, interactive online platform that offers a quiz, a calculator, videos and educational articles. Wells Fargo created the Get College Ready website because next to financing a home, paying for an education can […]
Global policymakers will have to overcome a trio of hurdles if the world economy is to successfully generate more rapid and sustainable growth, IMF Managing Director Christine Lagarde said. She told a media briefing at the start of the IMF-World Bank Spring Meetings in Washington D.C. that the overriding topic at the Meetings will be […]
Today we’re fining Bank of America, N.A. and FIA Card Services, N.A. for unfairly billing consumers for services relating to identity theft protection “add-on” products and for using deceptive marketing and sales practices for credit protection “add-on” products. We are also ordering Bank of America to refund fees and provide other redress to consumers. Approximately […]
Atlanta and New York, – First Data and MasterCard today announced an agreement in which First Data’s STAR® Network will participate in MasterCard’s common U.S. Debit EMV solution. This agreement, combined with other recent industry announcements, provides a cost-effective solution and accelerates the ability for EMV functionality to be implemented across the U.S. EMV/ chip […]
