banking

Mortgage
3:34 pm
Fri June 20, 2014

Florida Homeowners Will Receive Significant Portion of SunTrust Settlement

Credit freedigitalphotos.net

A nationwide settlement between SunTrust Mortgage and a state and federal partnership amounts to over $500 million. Nearly 40 percent of the settlement will go to Floridians who financed their homes with SunTrust.

According to Whitney Ray of the Attorney General's Office, 8,400 Floridians have been targeted for direct cash payments. They are borrowers who lost their homes to foreclosure between 2008 and 2013.

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Art and Money
11:16 pm
Mon February 3, 2014

Wynwood Now Banking -- In Style

C1's bathroom wallpaper has literally got some eyes on it.
Credit Tom Hudson / WLRN

 A bank probably is not among the places you'd think of to see contemporary art. The traditional brick-and-mortar corner bank is more of a generic space with the usual teller windows, cubicles and offices. But St. Petersburg-based C1 Bank has turned the established bank space inside out for its first branch in South Florida.

It's the first financial institution to open the Wynwood Arts District of Miami -- the neighborhood better known for its street art than safety-deposit boxes.

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Banking
4:24 pm
Wed October 9, 2013

Obama Nominates Janet Yellen To Head Federal Reserve

President Obama claps during a press conference to nominate Janet Yellen to head the Federal Reserve in the State Dining Room at the White House on Wednesday.
Win McNamee Getty Images

Originally published on Wed October 9, 2013 4:49 pm

Saying "American workers and families will have a champion in Janet Yellen," President Obama officially nominated her to chair the Federal Reserve, once Ben Bernanke completes his term in January.

Yellen "is the kind of person who makes everybody around her better," Obama said, adding that Yellen is "extremely well qualified" and "renowned for her good judgement."

Obama made the announcement at the White House on Wednesday, flanked by Yellen and outgoing Fed chief Ben Bernanke. If confirmed, Yellen will be the first woman to head the American central bank.

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Wall Street
12:37 pm
Thu September 19, 2013

Whale Of A Fine: JPMorgan Chase To Pay $920M In Penalties

The JPMorgan Chase building in London, where traders ran up huge losses.
Timur Emek AP

Originally published on Thu September 19, 2013 11:39 am

JPMorgan Chase has agreed to acknowledge that it violated federal securities laws and will pay $920 million in penalties assessed by regulators in the U.S. and U.K. to settle charges related to the huge trading losses racked up by its London traders last year, the Securities and Exchange Commission announced Thursday morning.

As we wrote earlier this week when word of the pending settlement first emerged, this all:

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Finance
7:56 am
Tue September 17, 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

Originally published on Tue September 17, 2013 9:38 am

Authorities are set to slap banking giant JPMorgan Chase with a massive fine over the bank's huge trading losses in London last year, confirms NPR's Jim Zarroli.

Though details of the deal are still pending, several reports put the amount at more than $700 million. It comes on the heels of the bank's having recently paid $410 million to settle charges that it manipulated energy markets.

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Finance
8:40 am
Thu September 12, 2013

5 Years After Financial Crisis, Are Big Banks Still A Threat?

The headquarters of Lehman Brothers in Times Square in 2008, the year the financial services firm filed for bankruptcy.
Hiroko Masuike Getty Images

Originally published on Thu September 12, 2013 11:30 am

It's been five years since Lehman Brothers collapsed and touched off a banking crisis that is still being felt by the global economy. Today, the banking industry is a lot stronger than it was, but some critics say efforts to reform banking regulations have fallen short of their potential.

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Topical Currents
1:00 pm
Mon August 5, 2013

Austerity: The History of a Dangerous Idea

Mark Blyth
Brown University via www.brown.edu

08/05/13 - Monday’s Topical Currents is with Brown University Professor Mark Blyth.  He contends that conservatives in both Europe and the US have succeeded in casting government spending as reckless wastefulness that has worsened economies. He says the problem has been a result of bailing out, recapitalizing and adding liquidity to broken banking systems with

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Topical Currents
1:00 pm
Tue June 11, 2013

Comprehensive Governmental Protections For Consumers, Workers, and the Environment

Freedom to Harm
yalepress.yale.edu

06/11/13 - Tuesday's Topical Currents looks at federal regulatory and state civil justice systems with University of Texas Administrative Law professor Thomas McGarity. He’s written FREEDOM TO HARM:  The Lasting Legacy of the Laissez Faire RevivalMcGarity contends there’s been a return to the political economy which dominated the American Gilded Age Society. He points to weakened environmental laws and looser bank safety policies. That’s Topical Currents at 1pm on WLRN-HD1 rebroadcast at 7pm on WLRN-HD2 and audio on-demand after the live program.