European Central Bank Leaves Interest Rates Unchanged
"The European Central Bank refrained from cutting interest rates today as President Mario Draghi prepares to unveil a bond-purchase plan to save the euro," Bloomberg News writes. It adds that:
View ArticleEuropean Central Bank Announces Euro Plan
Transcript RENEE MONTAGNE, HOST: OK, over in Europe there's been a lot debate on what to do about the troubled currency. And today the European Central Bank announced a new plan to bolster the euro at...
View ArticleDraghi: Do Exactly As We Say, And We'll Hand Over The Money
Are you a eurozone country? Are you having a hard time borrowing money at a reasonable rate? Mario Draghi has a deal for you. First, you have to admit you have a problem. You have to ask for help from...
View ArticleTwo-Player Sudoku, Invented By The World Bank's New Chief Economist
Three reasons Kashuik Basu, the World Bank's new chief economist, seems like an interesting guy: 1. He invented "Dui-doku," a two-player version of Sudoku.
View ArticleWhere The Bailouts Stand, In 1 Graphic
It's been four years since the U.S. launched a massive bailout of the financial system and the auto industry. While much of the bailout money has been paid back, the government still owns large shares...
View Article'Time Banks' Help Spaniards Weather Financial Crisis
After saving money for years, Lola Sanchez was finally able to buy a car refitted with a ramp and space for a wheelchair in the back for her teenage son, who has cerebral palsy. A nurse used to come...
View ArticleBusiness News
PNC Bank says its website is the latest victim of a denial of service attack. Users who tried to access the bank's websites had trouble loading the pages, or couldn't get into their accounts. But...
View ArticleBank Of America To Pay $2.43 Billion To Settle Class Action Lawsuit
While denying it did anything wrong, Bank of America announced this morning it will pay "$2.43 billion and institute certain corporate governance policies ... to settle a class action lawsuit brought...
View ArticleBank Of America To Pay $2.43 Billion In Settlement
Transcript STEVE INSKEEP, HOST: NPR's business news begins with more fallout from the financial crisis. (SOUNDBITE OF MUSIC)
View ArticleCan't Change Your Money In Iran? Try Afghanistan
The western Afghan city of Herat has become a thriving hub for the money exchange business, a consequence of geography and politics. Money-changers throng the currency market carrying thick stacks of...
View ArticleNew York Sues JPMorgan Over Mortgage-Backed Securities
New York's attorney general has sued JPMorgan Chase, alleging that a unit now owned by the banking giant fraudulently sold mortgage-backed securities in the run-up to the 2008 financial crisis. The...
View ArticleAsk A Banker: What Do Investment Bankers Actually Do?
Hi! My name's Matt. I write about the financial industry for a site called Dealbreaker. Before that, I made a living as an investment banker, underwriting convertible bonds and other equity-linked...
View ArticleU.S. Government Sues Wells Fargo In Mortgage Case
The U.S. government filed a lawsuit against Wells Fargo & Co., today, saying the bank was reckless when it issued federally guaranteed mortgages. Bloomberg reports:
View ArticleEpisode 408: How To Hide Money From Your Spouse
Earlier this summer, we set up two shell companies in tax havens. On today's show, we continue our quest to figure out what people actually do with shell companies. We discover the world of "Asset...
View ArticleJPMorgan Chase CEO: 'I Should Have Caught' $5.8 Billion Error
JP Morgan Chase CEO Jamie Dimon, wearing a dark suit possibly made of sackcloth, didn't hold back when discussing the derivative trades that led to massive losses for his company. "We made a stupid...
View ArticleAsk A Banker: Derivatives, Gambling And Getting Around Regulation
Hi! I am still here. I was once a banker and now I write for Dealbreaker and answer your questions about banking and whatnot. You can send questions to planetmoney@npr.org with "ask a banker" in the...
View ArticleRajat Gupta, Former Goldman Sachs Director, Sentenced To Two Years
Rajat Gupta, who was once a director at Goldman Sachs and Procter & Gamble, has been sentenced to two years in prison, after a federal jury convicted him of insider trading. Gupta was convicted of...
View ArticleHelp Wanted In Switzerland: Hunting Tax Cheats
Switzerland, which is almost synonymous with secretive banking, is looking for more staff to handle a flood of new requests from other countries that are looking for tax cheats. Last year the number of...
View ArticleIt's Legal To Sell Marijuana In Washington. But Try Telling That To A Bank.
Voters in Washington and Colorado just approved measures legalizing marijuana for recreational use. But businesses that want to sell marijuana in those states will face a problem: No bank wants to do...
View Article
