The $1.9 billion settlement from British banking firm HSBC will settle allegations of allowing money laundering and transfers of billions from Iran.
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December 10, 2012 The deal settles allegations that HSBC ignored red flags of massive money laundering by Mexican drug cartels and allowed transfers of billions of dollars from sanctioned nations like Iran.
December 5, 2012 Banks have been under increasing pressure to cut costs and eliminate redundancies. The cuts will eliminate about 4 percent of Citi's workforce.
August 13, 2012 Commentator Stuart Kauffman feels that the courage and integrity of an earlier age has been replaced by something else, something less admirable, in today's society.
July 18, 2012 Fines and refunds of $210 million sounds like a lot, but how big is it for a big bank?
JPMorgan Chase CEO Jamie Dimon, here seen in June testifying before a congressional committee, will try to explain the bank's trading losses to investors on Friday.
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July 12, 2012 When the big bank reports second-quarter earnings on Friday, the real news will be how big its trading losses have grown. The answer could have repercussions for the entire banking sector.
June 12, 2012 After interviews with more than a dozen current and former executives at the bank, the newspaper concludes that it was warned about bets that would cost it more than $2 billion. A plan to roll them back wasn't properly implemented, the Journal says.
February 7, 2012 A Stanford finance professor tells us what she thinks is wrong with banking — and how we can fix it.
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October 25, 2011 In the first hour of Talk of the Nation, NPR's Loren Jenkins talks about the business of foreign journalism, and tips on how to break up with your bank. In the second hour, the pros and cons of same-sex classrooms, and fabrications in political biographies.
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