Banking

11:18am

Tue May 28, 2013
The Two-Way

Liberty Reserve Charged In $6 Billion Money-Laundering Conspiracy

Originally published on Tue May 28, 2013 2:39 pm

Saying it was the world's largest international money laundering prosecution in history, authorities announced charges against the operators of Liberty Reserve, an online currency exchange that prosecutors say enabled more than a million people worldwide to launder about $6 billion.

Bloomberg reports:

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8:23am

Fri May 24, 2013
The Two-Way

James Joyce Coin-troversy Reportedly Could Have Been Averted

A commemorative 10-euro coin featuring James Joyce bears an image of the author that his literary estate did not approve. It also misquotes his work.
Irish Central Bank

Irish banking officials should have known there were problems with the controversial 10-euro coin commemorating James Joyce, according to Ireland's RTE News. The coin misquotes the author's Ulysses, and bears an image of Joyce that his estate did not approve.

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10:47am

Tue May 21, 2013
The Two-Way

JPMorgan Shareholders Vote To Keep Dimon As Chairman, CEO

JPMorgan Chase CEO Jamie Dimon during testimony on Capitol Hill.
Mark Wilson Getty Images

JPMorgan Chase shareholders voted on Tuesday to allow Jamie Dimon to continue being their chairman and CEO.

The AP reports:

"At the bank's annual meeting, 32 percent of shareholders voted for a measure that would have required the bank to split the roles. Had the measure succeeded, Dimon would have had to relinquish the role of chairman.

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2:14am

Tue May 21, 2013
Business

JPMorgan Shareholders Consider Splitting CEO, Chairman Jobs

Originally published on Tue May 21, 2013 9:13 am

Transcript

STEVE INSKEEP, HOST:

JPMorgan Chase holds its annual shareholder meeting today in Tampa, Florida, and the shareholders will vote on a key measure: a proposal to strip the CEO, Jamie Dimon, of his other title, chairman of the board. A growing number of companies have split the CEO and chairman roles.

Shareholder activists and corporate governance experts say having a balance of power at the top helps to reduce risk. The bank and its supporters disagree. NPR's Yuki Noguchi reports.

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2:28pm

Mon May 20, 2013
Shots - Health News

Latest Health Hurdle: Buying Insurance Without A Bank Account

Originally published on Tue May 21, 2013 3:43 pm

Millions of people who rely on check-cashing stores, like this one in New York City, could run into trouble buying health insurance.
Mary Altaffer AP

When movie stars become unbankable, they're no longer a slam dunk at the box office. When investments become unbankable, they're relegated to the Wall Street's junk pile. For ordinary Americans deemed unbankablethose who don't have a traditional checking or savings account — it can be hard to simply pay bills.

And that absence of a bank account is about to become a big problem for those who also lack health coverage — and for the health insurance companies trying to sell them coverage. After all, how do you sell a product to a customer who has no easy way to pay you?

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