Banking

3:24pm

Tue October 9, 2012
The Two-Way

U.S. Government Sues Wells Fargo In Mortgage Case

Wells Fargo.
Karen Bleier AFP/Getty Images

6:59am

Tue October 9, 2012
Planet Money

Ask A Banker: What Do Investment Bankers Actually Do?

Originally published on Fri October 12, 2012 3:08 pm

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 securities and selling equity derivatives to corporate clients. (I know!)

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2:20am

Wed October 3, 2012
Business

Homeowners Facing Foreclosure Get New Protections

Originally published on Wed October 3, 2012 8:14 am

Transcript

RENEE MONTAGNE, HOST:

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5:38pm

Mon October 1, 2012
The Two-Way

New York Sues JPMorgan Over Mortgage-Backed Securities

Originally published on Tue October 2, 2012 6:42 am

  • From 'Morning Edition': NPR's Jim Zarroli reports

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 civil lawsuit filed Monday by state Attorney General Eric Schneiderman is the first to be brought by the RMBS Working Group – the task force formed by President Obama in January to pursue alleged wrongdoing at the time of the financial crisis.

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4:31pm

Fri September 28, 2012
Afghanistan

Can't Change Your Money In Iran? Try Afghanistan

Originally published on Fri September 28, 2012 5:24 pm

A money-changer in the Afghan city of Herat counts a stack of Iranian bills. More and more Iranian currency is being brought in by smugglers to exchange for dollars, which then go back to Iran.
Soraya Sarhaddi Nelson NPR

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 Iranian currency, much of it brought in by the hundreds of thousands of Afghan workers who earn their living in Iran.

While the stacks of crisp 100,000 rial notes that money-changers bring to the market might look like a small fortune, the 10 million rials in each of these stacks is worth less than $400, because the Iranian currency recently lost more than half of its value.

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