On today's show, we answer one of the most important questions in finance: What actually happens at the end of Trading Places?
Planet Money posts about Finance
When banks do bad things, the financial cops can fine them or get them to admit guilt. Now, they might try something brand new. Today on the show: how to punish a bank.
Today on the show: stories about bored traders, a bank that charges customers to deposit money, and pawn shops for the rich.
There's this big idea floating around right now. The idea is this: get rid of banks. Don't make them safer. Don't make them smaller. Just get rid of them.
Normally, investors look for promising companies to invest in. With search funds, they invest in promising people. Investors back "searchers" by covering their pay while they hunt for companies.
The financial crisis left Wall Street with an image problem. Yet recruits continue to sign up. What's driving today's young bankers and how is that changing?
A reporter shadowed eight young people during their first two years on Wall Street, when the bailouts were still fresh and anti-Wall Street sentiments were running high.
On today's show: Three stories about people who, intentionally or not, found themselves breaking the rules.
Americans use debit cards more often than any other form of payment. Cash is still used more often than credit cards.
An obscure provision in the finance overhaul is causing problems for small banks. It turns out, it's hard to figure out which risks banks should be allowed to take.