Miami Dade College was singled out in a report critical of partnerships between colleges and banks. Students can pay hundreds of dollars a year in overdraft fees from banks. Often those banks have special partnerships with colleges or universities, but students can likely find as good or better deals on their own.
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.
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.
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.
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.
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
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 Revival. McGarity 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.