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Stories Tagged as

Banking

Big Tech is slowly, carefully creeping into banking

by Molly Wood and Maria Hollenhorst
Mar 13, 2018
After disrupting retail, bookstores and media, tech companies are tiptoeing into the highly-regulated world of banking.
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Divided Decade

How the Bear Stearns deal looks 10 years later

by Tracey Samuelson
Mar 12, 2018
At first, it seemed like a bargain for JPMorgan. Then the fines rolled in.
Protestors walk out of the lobby of the Bear Stearns headquarters March 26, 2008 in New York. Hundreds of housing activists overwhelmed security and stormed the lobby of the Bear Stearns skyscraper in Manhattan, staging a noisy rally and protesting the government-backed sale and bailout of the investment bank.
Chris Hondros/Getty Images
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Treasury Secretary Mnuchin says he feels obligated to help the middle class

by Kai Ryssdal
Feb 27, 2018
The wide-ranging interview touched on North Korea, tax overhaul and the Trans-Pacific Partnership.
After a short lecture, Treasury Secretary Steven Mnuchin spoke with Marketplace host Kai Ryssdal at the UCLA Burkle Center for International Relations in Los Angeles. 
Courtesy: UCLA
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4 percent interest on savings? It sounds too good to be true

by Sally Herships
Jan 15, 2018
Startup Beam says it will offer high rates that are FDIC insured with no fees. Some in the industry say the math doesn't work.
Photo by Smith/Fox Photos/Hulton Archive/Getty Images
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Los Angeles looks into what it would take to create a municipal bank

by Alex Cohen
Nov 24, 2017
The LA City Council president thinks a city-run bank would be run differently than a commercial one.
LA City Council President Herb Wesson says he would like the city to create a municipal bank, with a mission to make Los Angeles a better place by providing loans for local businesses and for affordable housing.
Photo courtesy of the City of Los Angeles
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Immigrant lending clubs provide capital, at a cost

by Ryan Kailath
Nov 20, 2017
Functioning like unregulated banks, there is little cushion against failure.
A man walks along an empty street November 27, 2001 in the usually bustling Chinatown section of New York City. Chinatown is located in Lower Manhattan near Ground Zero and has been in a deep economic slump since the September 11th World Trade Center attacks.
Mario Tama/Getty Images
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Fed Chair Janet Yellen: Wells Fargo's actions are "unacceptable"

by Nancy Marshall-Genzer
Sep 21, 2017
Federal Reserve Chair Janet Yellen said the Fed is prepared to take action against Wells Fargo but won’t say when. For its part, Wells Fargo said it’s committed to making things right for its customers and is eliminating sales goals for retail bankers in its branches and call centers.  
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Checks are the economic dinosaurs Americans won't give up

by Kai Ryssdal and Emily Henderson
Aug 7, 2017
In the U.S., people wrote about 38 checks on average in 2015, compared to 18 in Canada, 8 in the U.K., and almost none in Germany.
A woman writes a check. 
Sherman / Getty Images
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Who are the unbanked?

by David Brancaccio
Jun 29, 2017
Income volatility is increasingly driving low- and middle-income Americans to check cashers and payday lenders.
Oli Scarff/Getty Images
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Banker to Hollywood elites branches out to South LA

by Aaron Schrank
Jun 22, 2017
It's part of City National's commitment to the Community Reinvestment Act.
City National Bank’s 30 local branches are found mostly in high-end enclaves like Brentwood and Bel-Air.
Aaron Schrank/Marketplace
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