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Banking

The Takeaway

Inside Goldman Sachs: The Privileges of Partnership

Wednesday, January 19, 2011

The Goldman Sachs partnership is the most exclusive club on Wall Street. Until now, little was known about the partnership, an elite group of the bank’s senior executives that has cashed in on billions since the it was formed in 1999. The New York Times reveals the secret life of Wall Street’s highest-paid employees — and how these executives are set to benefit from stock options they received during the bleakest days of the banking crisis.

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The Brian Lehrer Show

Money U: Banking 101

Thursday, January 06, 2011

Deyanira Del Río, associate director of the Neighborhood Economic Development Advocacy Project (NEDAP), explores basics of financial literacy and economic justice on Thursdays in January. This week: money and banking basics.

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The Takeaway

Could You Live Without Your Bank?

Monday, December 06, 2010

We're looking at the pros and cons of going without the use of a bank. Do you think you could live without your bank? Have you ever done it? We've been hearing from you by text message, Facebook and Twitter. 

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The Brian Lehrer Show

Is Wall Street Worthy?

Tuesday, November 23, 2010

John Cassidy, staff writer at The New Yorker, discusses his recent article "What Good is Wall Street", which argues that the work investment bankers do today is socially worthless.

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WNYC News

New Figures Show the Strength of Wall Street's Rebound

Tuesday, November 09, 2010

The Bureau of Labor Statistics reported Tuesday that between the spring of 2009 and the spring of 2010, the average weekly wage in Manhattan rose 12 percent. In comparison, across the nation the average weekly wage increased less than one percent. The figures include end-of-year bonuses, which big banks typically pay out in the first part of the calendar year.

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The Takeaway

When Did You Stand Up to Your Bank, Phone Company, Landlord?

Tuesday, October 12, 2010

Some home owners are putting a halt to their foreclosures by pointing to flaws in the bank's paperwork. It's even leading to some backs putting a moratorium on all their foreclosure proceedings. We're asking about the times you stood up to institutions like this. When have you faced off with your bank, your phone company, your cable provider? What happened?

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The Brian Lehrer Show

Context and a Movie: "Wall Street: Money Never Sleeps"

Wednesday, October 06, 2010

Dana Stevens, film critic for Slate.com and co-host of their Culture Gabfest, discusses the film "Wall Street: Money Never Sleeps," the sequel to the "greed is good" original. Also, Joe NoceraNew York Times business columnist and author of their Executive Suite blog, offers his take on "Wall Street," the movie vs. Wall Street, the reality.

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The Takeaway

JPMorgan Chase Suspends Thousands of Foreclosures

Friday, October 01, 2010

JP Morgan Chase has suspended the legal proceedings around 50,000 foreclosures because the documents involved may have been processed incorrectly.

Overwhelmed by the housing crisis, mortgage companies hired employees to process foreclosure documents as quickly as possible, without ever reading, reviewing or verifying the cases before them. The process is called "robo-signing," and it accounts for an alarming number of seized homes. By some reports, these hired clerks were approving ten thousand foreclosures a month—some of them in error.

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The Takeaway

Global Perspectives on Economic Recovery

Monday, September 06, 2010

In the last two years, the world has been shaken by the financial crisis that has affected all corners of the globe. Hugh Pym, correspondent for the BBC, discusses the findings of a study that looked at global recovery in 26 countries. The study focused particularly on how we differ when it comes to budget deficits. The poll asked how citizens felt about their government taking steps "in current economic conditions" to reduce the government's deficit and debt.

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The Takeaway

The End of Combat Operations in Iraq; Orchestras Across America Face Deep Cuts; One in Six Americans On Federal Aid; The History and Purpose of Scandals

Tuesday, August 31, 2010

The end of combat operations in Iraq, where do we go from here?; life in the ghost town of Pincher, Okla.; the Ptarmigan as a bellwether of climate change; the Detroit symphony orchestra faces deep cuts; one in six Americans on federal aid; the U.S. Open begins; listener opinions on Glenn Beck's "Restoring Honor" rally; Iraq veterans talk aobut what they achieved; a look at this year's only new bank; the social and cultural need for scandal.

The Leonard Lopate Show

Telling Swiss Secrets

Wednesday, August 18, 2010

Michael Bronner talks about his interview with Bradley Birkenfeld, the UBS whistleblower who was responsible for exposing the biggest tax fraud case in United States history. His five-part series for the Global Post, "Telling Swiss Secrets: A Banker's Betrayal," gives the play-by-play of the lead up to the exchange of information, exposes information about Birkenfeld's plea bargain, and explains why Birkenfeld, despite helping the government to get over $780 million from UBS, is still sitting in jail today.

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The Takeaway

Listeners Respond: Design Your Ideal Bank

Friday, July 09, 2010

We'll be talking next week about efforts to recreate banking in a post-crisis era. One new bank in Brooklyn is trying a model with no branches and no fees. Help us with a new model! What do you hate about your bank that you would like to see done differently?

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The Takeaway

Banking Industry Lobbies Against Reform Stipulation

Monday, June 21, 2010

While Congress rushes to complete a sweeping financial reform bill later this week, the banking industry is pulling out all the stops for a last ditch effort to undercut the Volcker Rule—a provision that allows banks to retain some of their most risky businesses. The New York Times' finance reporter Louise Story explains who wins and who loses if the Volcker rule were to be put in place.

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WQXR News

AG Cuomo Investigates 8 Big Banks

Thursday, May 13, 2010

Have banks been misleading ratings agencies to inflate mortgage security grades?

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WQXR News

Banking Reform Bill Moves to Senate Floor

Monday, March 22, 2010

The Senate Banking Committee voted on Monday along party lines to advance legislation overhauling the country's financial system.

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The Takeaway

Takeouts: Bank of America's PR Gambit, College Basketball's Big East Tournament

Wednesday, March 10, 2010

  • FINANCIAL TAKEOUT: Bank of America offered an unexpected olive branch to its millions of debit card users when they announced a plan to do away with all debit card overdraft fees. But is this public relations gambit enough to improve the bank's public image? We talk with Louise Story, finance reporter for our partner The New York Times, who brings us details from an article in today's paper.
  • SPORTS TAKEOUT: The Big East tournament holds many of the major players in college basketball, and yesterday St. John's beat UCONN handily. Ibrahim Abdul-Matin joins us to take a closer look at the Big East.

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The Takeaway

In Face of Scrutiny, Banks Find New Ways to Keep Old Fees

Tuesday, February 23, 2010

Buyer beware: your bank may be trying to protect its revenue stream in the face of increased government scrutiny by adding unnecessary fees to financial instruments like your debit card. A report in today's New York Times says banks are beginning to aggressively market products like automatic overdraft protection fees. Without these fees, banks stand to lose some $20 billion annually.

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The Takeaway

Takeouts: Banking Regulation, NFL Match-ups

Friday, January 22, 2010

  • MONEY TAKEOUT:  New York Times finance reporter Louise Story parses President Obama's newest proposal to regulate U.S. banks.
  • SPORTS TAKEOUT: Takeaway Sports Contributor Ibrahim Abdul-Matin previews the big match-ups this weekend as the Saints, Vikings, Jets and Colts battle for a spot in the Superbowl.

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The Takeaway

Morici: Citigroup Doesn't Know How to Bank

Tuesday, January 19, 2010

Citigroup announced its earnings this morning, ending a three-quarter profit streak with a $7.6 billion loss during the final three months of 2009. This as consumers still struggled to repay loans and the bank managed to repay its government bailout money.

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The Takeaway

Banks: The Regulation Debate Continues

Friday, January 15, 2010

As the Financial Crisis Inquiry Commission continues hearings on Capitol Hill this week, so does the debate over regulation. The head of the Congressional Oversight Panel for the Bank Bailout, Elizabeth Warren, called for sweeping regulation on the show yesterday. Today, we a get a response from the industry.

 

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