Banking

11:00am

Thu September 20, 2012
It's All Politics

Tim Pawlenty Exits Romney Campaign To Lead Bank Lobbying Group

Originally published on Thu September 20, 2012 12:03 pm

Tim Pawlenty at the 2012 Republican National Convention in Tampa, Fla.
Charles Dharapak AP

With less than seven weeks to go before the presidential election, former Minnesota Gov. Tim Pawlenty is leaving his job as co-chairman of the Mitt Romney campaign to take a top Washington lobbying job.

Pawlenty, 51, will become the next CEO of the Financial Services Roundtable, whose 100 members include many of the nation's largest banks and insurance and securities companies.

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12:16am

Thu September 13, 2012
Planet Money

The Fed's Other Big Power

Originally published on Fri September 14, 2012 12:06 pm

Give us a sign.
Alex Brandon AP

We think of the power of the Federal Reserve as the power of money. After all, the Fed is the one institution that can create U.S. dollars out of thin air.

But recently, Ben Bernanke has argued that the Fed has another, critical power: the power of words. And when you're the chairman of the Fed, a few words can go a long way.

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2:47pm

Wed September 12, 2012
NPR Story

Germany Clears Next Big Step For Eurozone Recovery

Originally published on Wed September 12, 2012 3:58 pm

Transcript

AUDIE CORNISH, HOST:

It's ALL THINGS CONSIDERED from NPR News. I'm Audie Cornish.

MELISSA BLOCK, HOST:

And I'm Melissa Block.

Europe's debt crisis has caused havoc, toppling governments, breaking banks, leaving a multitude of young people without jobs. Now there's a glimmer of hope.

As NPR's Philip Reeves reports, today, Germany's highest court cleared the way for the next big step in the eurozone's grand plan to save itself.

UNIDENTIFIED MAN: (Foreign language spoken)

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3:13am

Wed September 12, 2012
NPR Story

IRS Awards $104 Million To Whistle-Blower

Originally published on Wed September 12, 2012 7:28 pm

Transcript

STEVE INSKEEP, HOST:

After a scandal, somebody finally gets rich for doing the right thing. It's NPR's business news.

A former banker, Bradley Birkenfeld, has just been awarded $104 million by the IRS. That is believed to be the largest amount ever paid to an individual whistle-blower. Birkenfeld told the IRS how a Swiss bank was helping thousands of Americans evade taxes, and was then thrown in jail.

RENEE MONTAGNE, HOST:

NPR's Wendy Kaufman has more.

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3:13am

Wed September 12, 2012
NPR Story

German Court Rules In Favor Of EU Bailout Fund

Originally published on Wed September 12, 2012 7:28 pm

Transcript

RENEE MONTAGNE, HOST:

It's shaping up to be an important day for the European Union and the future of its currency. In the Netherlands, there is a parliamentary election that's expected to be a barometer of Dutch support for staying in the eurozone. Also this morning, a plan was unveiled to give the European Central Bank the power to supervise the big financial institutions in Europe. And, Germany's high court ruled that the European bailout fund is legal.

NPR's Jim Zarroli joins us now from Berlin to talk about this.

Good morning.

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