Banking

2:42am

Wed July 17, 2013
Business

Rising Interest Rates Worry Banking Industry

Originally published on Wed July 17, 2013 3:08 am

Five years after the start of the financial crisis, the U.S. banking industry continues to earn strong profits. On Tuesday, Goldman Sachs became the latest big bank to report better than expected earnings. But rising interest rates mean a riskier environment for banks.

1:34am

Fri July 5, 2013
Europe

Are Things Too Cozy In London's 'City' Within A City?

Originally published on Fri July 5, 2013 12:33 pm

Skyscrapers in the City of London, the heart of the financial district, are reshaping the skyline.
Dan Bobkoff NPR

For at least a millennium, the heart of Britain's commercial and financial industries has been the City of London.

The City is not the large metropolis we know as London. It's much older and smaller. Many call it the Square Mile, though it's not square and a bit bigger than a mile. It's the home to big banks, medieval alleyways and St. Paul's Cathedral. And, for all those centuries, the area has had the same local government with an unusual name: The City of London Corporation.

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2:46pm

Mon July 1, 2013
The Two-Way

Jury Acquits Man Who Wrote On Sidewalk With Chalk

Originally published on Tue July 2, 2013 4:03 am

Sidewalk chalk: A jury ruled Monday they aren't the tools of a criminal.
Mark Wilson Getty Images

Jeffrey Olson faced 13 years in jail for writing on a sidewalk with chalk. But a San Diego jury of two men and 10 women found him not guilty of criminal vandalism.

Olson, 40, was charged with 13 counts of vandalism for expressing his opinions on sidewalks outside three Bank of America branches. His messages, according to Gawker, included:

— "No Thanks, Big Banks"

— "Shame on Bank of America"

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7:50am

Sun June 30, 2013
The Two-Way

13 Years In Jail For Writing On A Sidewalk With Chalk?

Originally published on Sun June 30, 2013 12:37 pm

Sidewalk chalk: The tools of a criminal?
Mark Wilson Getty Images

There's no evidence that he wrote anything obscene.

His messages could be easily erased.

And they don't seem to have upset many, if any, people.

But in San Diego, 40-year-old Jeffrey Olson is on trial for expressing his opinions on sidewalks outside three Bank of America branches. He's charged with 13 counts of vandalism. Jury deliberations began Friday, our colleagues at KPBS say. If convicted on all counts, they add, he faces up to 13 years in prison.

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9:46am

Fri June 28, 2013
The Two-Way

Who Are These 'Bankers' Ecuador Keeps Referencing?

Originally published on Fri June 28, 2013 11:38 am

Ecuador is considering an asylum request from Edward Snowden, who reportedly is still holed up at the Sheremetyevo airport in Moscow.
Kirill Kudryavtsev AFP/Getty Images

If you've paid attention to the case of Edward Snowden, you might have heard Ecuadorean officials refer to some bankers the U.S. is refusing to hand over.

Ecuador, of course, is considering an asylum request from the NSA leaker. The U.S. is pressuring them to abide by an extradition request, while Ecuador is taunting the giant.

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