Banking

4:11am

Tue August 7, 2012
Business

British Bank Accused Of Hiding Iranian Transactions

Originally published on Wed August 8, 2012 12:39 pm

Transcript

STEVE INSKEEP, HOST:

Financial regulators in New York said yesterday they may bar a British bank from doing business in the state. They said that because the bank allegedly laundered some $250 billion in Iranian money through its branch in Manhattan. The bank is Standard Chartered Bank. It does much of its business in Asia, Africa and the Middle East. But like any global bank, it wants to have a foothold in the U.S. markets, and that foothold is now in danger. For more, we turn to NPR's Jim Zarroli in New York.

Jim, Good morning.

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7:24am

Mon August 6, 2012
Business

Minorities To Be Paid In Mortgage Discrimination Suits

Coloradan Davelle Reggans had great credit and no debt when she took out a mortgage on a condo. She didn't receive a good, fixed-rate loan and ended up losing the condo.
Molly Sinnott Colorado Public News

When Davelle Reggans heard that her former lender had settled a federal lawsuit claiming discrimination against African-American and Latinos for $335 million, the story sounded familiar.

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3:14am

Fri August 3, 2012
Business

A Bad Day For The Royal Bank Of Scotland

Originally published on Fri August 3, 2012 3:30 am

RBS, the Royal Bank of Scotland, is already in a tough spot. It's among several banks being investigated for allegedly rigging the interbank lending rate known as LIBOR. As Steve Inskeep reports, Friday it warned that it faced several potential lawsuits over those allegations.

11:13pm

Thu July 26, 2012
Planet Money

How To Set Up An Offshore Company

Originally published on Thu August 2, 2012 12:51 pm

Lam Thuy Vo / NPR

Setting up an offshore company in a tax haven is surprisingly easy. A simple Google search offers up thousands of companies willing to help you do it.

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2:06pm

Wed July 25, 2012
The Two-Way

'Truly Ironic': Sandy Weill Says Big Banks Should Be Split Up

Originally published on Wed July 25, 2012 2:44 pm

Sandy Weill, former chairman of Citigroup, in 2006.
Louis Lanzano AP

Sandy I. Weill, the former Citigroup CEO who helped usher in the era of super banks, said during an interview with CNBC today that big banks should be split up.

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