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Thursday December 18, 2014

Opportunity, Caution Seen For U.S. Banks As Cuba Rules Ease

President Obama announces changes to U.S. policy on Cuba, including relaxing restrictions on U.S. banking in the country, in Washington, D.C. on Wednesday. Doug Mills / Pool/EPA/Landov hide caption

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Doug Mills / Pool/EPA/Landov

Economy

Opportunity, Caution Seen For U.S. Banks As Cuba Rules Ease

December 18, 2014 • President Obama eased restrictions on Cuba this week, including a relaxation of rules barring U.S. banks from doing business there. But banks are awaiting details and are likely to proceed cautiously.

Opportunity, Caution Seen For U.S. Banks As Cuba Rules Ease

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Friday February 14, 2014

Feds Clear Banks To Do Business With Budding Pot Industry

A bag of marijuana being prepared for sale sits next to a money jar at BotanaCare in Northglenn, Colorado, in this file photo taken on December 31, 2013. Rick Wilking/Reuters/Landov hide caption

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Rick Wilking/Reuters/Landov

The Two-Way

Feds Clear Banks To Do Business With Budding Pot Industry

February 14, 2014 • The departments of Treasury and Justice signal that banks can work with the legal marijuana industry without fearing prosecution for such crimes as money laundering.

Thursday January 16, 2014

ln A Global Economy, Why's It So Expensive To Transfer My Money?

NPR's Ari Shapiro, who recently moved to London and set up a bank account, reports that it can still be an expensive and time consuming process to transfer money internationally. Here, people pass by a branch of Lloyds Bank in London, on Sept. 17. Sang Tan/AP hide caption

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Sang Tan/AP

Parallels

ln A Global Economy, Why's It So Expensive To Transfer My Money?

January 16, 2014 • NPR's Ari Shapiro, who recently arrived in London, reports that all the wonders of modern technology have somehow not managed to reduce the time or the maddeningly high costs of transferring money across national borders.

Thursday January 2, 2014

The Two-Way

After Months On The Run, Former Georgia Banker Is Arrested

January 2, 2014 • A former Georgia banker who vanished while under suspicion for stealing millions of dollars appeared in court Thursday, after being arrested during a traffic stop this week. The man had been presumed dead after his mysterious disappearance 18 months ago.

Monday September 16, 2013

JPMorgan To Get Whale Of A Fine For Trading Losses

JPMorgan Chase will reportedly pay a $700 million fine to settle allegations that it made risky trades out of its London office that led to more than $6 billion in losses. Mark Lennihan/AP hide caption

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Mark Lennihan/AP

The Two-Way

JPMorgan To Get Whale Of A Fine For Trading Losses

September 16, 2013 • The fine is reportedly said to be at least $700 million for what authorities say were massive derivative bets made without adequate risk controls in place. The case became known as the "London Whale" owing to the size of the trades made.

JPMorgan To Get Whale Of A Fine For Trading Losses

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Thursday June 27, 2013

The Two-Way

Ireland Slumps Back Into Recession, As Exports Fall

June 27, 2013 • A report issued Thursday by Ireland's Central Statistics Office found that its GDP had fallen by 0.6 percent. The same report also included newly revised figures for recent quarters. As a result, the negative GDP numbers in two or more quarters satisfies the definition of a recession.

Tuesday June 11, 2013

Report: Overdraft Protection Puts Customers 'At Greater Risk'

Richard Cordray, the director of the Consumer Financial Protection Bureau. T.J. Kirkpatrick/Getty Images hide caption

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T.J. Kirkpatrick/Getty Images

The Two-Way

Report: Overdraft Protection Puts Customers 'At Greater Risk'

June 11, 2013 • The Consumer Financial Protection Bureau reports those who opt in to the service rack up more costs and are more likely to have their accounts closed.

Monday December 10, 2012

'Profoundly Sorry' HSBC Reaches $1.9B Settlement In Money-Laundering Case

The $1.9 billion settlement from British banking firm HSBC will settle allegations of allowing money laundering and transfers of billions from Iran. Timur Emek/Getty Images hide caption

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Timur Emek/Getty Images

The Two-Way

'Profoundly Sorry' HSBC Reaches $1.9B Settlement In Money-Laundering Case

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.

Wednesday December 5, 2012

Citigroup Cutting 11,000 Jobs, Taking $1.1 Billion In Charges

Chris Hondros/Getty Images

The Two-Way

Citigroup Cutting 11,000 Jobs, Taking $1.1 Billion In Charges

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.

Monday August 13, 2012

Opinion

13.7: Cosmos And Culture

Dying, The Greatest Generation, Courage And Integrity

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.

Wednesday July 18, 2012

Capital One's Credit Card Settlement, In Context

Mark Lennihan/AP

Planet Money

Capital One's Credit Card Settlement, In Context

July 18, 2012 • Fines and refunds of $210 million sounds like a lot, but how big is it for a big bank?

Thursday July 12, 2012

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. Chip Somodevilla/Getty Images hide caption

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Chip Somodevilla/Getty Images

Planet Money

Waiting For JPMorgan And The Whale

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.

Tuesday June 12, 2012

The Two-Way

JPMorgan Knew Of Risks, 'WSJ' Reports

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.

Tuesday February 7, 2012

vistavision/Flickr

Planet Money

Can We Create Banks We Love?

February 7, 2012 • A Stanford finance professor tells us what she thinks is wrong with banking — and how we can fix it.

Can We Create Banks We Love?

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Tuesday October 25, 2011

Blog Of The Nation

October 25th: What's On Today's Show

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.