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Banks

The Brian Lehrer Show

Feds Won't Rule Out Cuomo-Moreland Probe

Thursday, April 10, 2014

In the wake of the dissolution of the Moreland Commission, Preet Bharara, U.S. Attorney for the Southern District of New York, explains why he is criticizing NY Governor Cuomo and talks about what more could be accomplished to stem abuse and prosecute public corruption. Plus: his recent remarks on big banks and possible future charges against financial institutions.

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The Brian Lehrer Show

The Seven Sins of Wall Street

Wednesday, March 12, 2014

Bloomberg News reporter and author of The Seven Sins of Wall Street: Big Banks, their Washington Lackeys, and the Next Financial Crisis, Bob Ivry, discusses his reporting on how banks have re-grouped since the 2008 crisis, and in many ways not learned their lessons.

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The Brian Lehrer Show

The Volcker Rule and You

Friday, December 13, 2013

Heidi Moore, finance and economics editor at The Guardian, talks about the new financial regulation restricting how banks can trade securities and invest with their own funds.

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Specials

Should We Break Up The Big Banks?

Saturday, November 23, 2013

To prevent the collapse of the global financial system in 2008, Treasury committed 245 billion in taxpayer dollars to stabilize America’s banking institutions. Today, banks that were once “too big to fail” have only grown bigger, with JP Morgan Chase, Citigroup, Bank of America, Wells Fargo, and Goldman Sachs holding assets equal to over 50% of the U.S. economy. Were size and complexity at the root of the financial crisis, or do calls to break up the big banks ignore real benefits that only economies of scale can pass on to customers and investors?

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The Leonard Lopate Show

Details of the Government Foreclosure Deal

Monday, April 15, 2013

As the government's largest effort to compensate victims of the banks' foreclosure practices comes to a close, ProPublica's Paul Kiel reports that it won't be much of an ending: roughly 3 million borrowers will receive no more than $500. He goes into the history of robo-signing and other aggressive practices that caused homeowners who weren’t behind on their mortgage payments to face foreclosure. His latest article is "For Most Homeowners, Gov’t Foreclosure Deal Brings A Few Hundred Bucks."

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The Leonard Lopate Show

Banks Avoid Bad Press with Secret FDIC Settlements

Thursday, March 14, 2013

Since 2007, nearly 500 banks of failed, but rather than sue those banks for losses and malfeasance, the Federal Deposit Insurance Corporation has opted for settlements that often go unreported. LA Times reporter Scott Reckard talks about having to obtain information about FDIC settlements through a Freedom of Information Act request.

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WNYC News

One Year Later: How the $25B Bank Settlement is Helping Consumers

Thursday, February 21, 2013

WNYC

It's been one year since five of the nation's biggest banks reached a $25 billion settlement with state attorneys general across the country over charges that the banks used faulty practices to foreclosure on hundreds of thousands of homeowners. 

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WNYC News

Banks Settle For Billions Of Dollars in Mortgage Claims

Monday, January 07, 2013

Ten major banks and mortgage companies are settling with federal regulators over accusations they wrongfully foreclosed on homeowners.

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The Leonard Lopate Show

What's Inside America's Banks

Thursday, January 03, 2013

More than four years after the 2008 financial crisis, public trust in banks is as low as ever. Sophisticated investors describe big banks as “black boxes” that may still be concealing enormous risks— the sort that could again take down the economy. Jesse Eisinger's investigation, written with Frank Partnoy, is called  “What’s Inside America’s Banks” and appears in the January/February issue of The Atlantic.

 

 

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The Leonard Lopate Show

The Spread

Thursday, January 03, 2013

On today’s show: ProPublica’s Jesse Eisinger takes a look at why public trust in banks is at an all time low. Then, Charles Morris describes the first industrial revolution in the United States, which started in the 1820s. Also, a history of peanut butter. And, we’ll investigate whether lead in gasoline was a cause of fluctuations in violent crime over the last 50 years.

The Brian Lehrer Show

UBS Admits to Fraud

Thursday, December 20, 2012

UBS has pled guilty to manipulating global interest rates, and will pay $1.5billion in fines. Liam Vaughan, Bloomberg UK finance reporter, discusses the case and the implications for financial regulation.

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WNYC News

Analysis: What a Money-Laundering Settlement Means for HSBC

Monday, December 10, 2012

Federal and New York authorities are expected to announce a record $1.9 billion settlement with HSBC over money-laundering charges on Tuesday, sending a message that banks can't skirt U.S. sanctions law while doing business in the United States.

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New Tech City

Are Americans Ready for Banking via Social Media?

Tuesday, October 23, 2012

A bank in South Africa announced this summer that its mobile banking customers will now be able to conduct transactions and monitor their accounts through Facebook. This type of cross-pollination between banks and social media does not yet exist in the United States, but it could be coming.

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New Tech City

New Tech City: Sentiment Analysis and How Banks Use Social Media

Tuesday, October 23, 2012

The social media realm can at times seem like a frivolous place full of out-of-focus photos and posts about what your friends ate for breakfast. But for businesses, it can also be a cash cow thanks to the sheer number of people you can reach with something as simple as a tweet.

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Money Talking

Money Talking: What Pandit's Exit at Citigroup Says About the Future of Banks

Friday, October 19, 2012

The sudden departure of Citigroup CEO Vikram Pandit has sparked a conversation about where the bank is headed under new leadership and what it says about the so-called "too big to fail" banking behemoths.

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WNYC News

NY Regulator Says Bank Settles Iran Money Probe

Tuesday, August 14, 2012

New York's financial regulator said Tuesday that his agency has reached a $340 million settlement with Standard Chartered Bank to resolve an investigation into whether the British bank schemed with the Iranian government to launder $250 billion from 2001 to 2007.

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The Takeaway

Senate Report Exposes Regulatory Failures at HSBC

Wednesday, July 18, 2012

HSBC spent ten years failing to comply with regulatory measures, according to a new report from the Senate's Permanent Subcommittee on Investigations. They enabled drug lords to launder money in Mexico, did business with banks linked to Al Qaeda, and bypassed American Sanctions against Iran.

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It's A Free Blog

Opinion: Post-Libor, Romney and Obama Need a Plan to Fix Banking

Monday, July 16, 2012

This is bigger than Obamacare. It's much more significant than Romney continuing as CEO of Bain after 1999. It has a far greater impact on every American this election year than any other issue the candidates have been discussing or will address in presidential debates this fall.

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The Takeaway

JPMorgan and Wells Fargo Release Earnings Reports

Friday, July 13, 2012

It has been a tumultuous year for big banks, and today is turning out to be no different. JPMorgan and Wells Fargo released their earnings reports today.

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The Takeaway

Fixed Rates, Declining Trust

Wednesday, July 04, 2012

The Royal Bank of Scotland has become the latest bank to get hit with a fine for their role in an interest rate rigging scandal. William Cohan, a former employee at JP Morgan, says this sort of rate fixing undermines the public's faith in capitalism.

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