Finance

1:27pm

Wed March 6, 2013
Planet Money

If The Catholic Church Were A Business, How Would You Fix It?

Originally published on Thu March 7, 2013 9:49 am

Now that Pope Benedict XVI has officially gone into retirement, the next leader of the Catholic Church has a lot to consider, including finances.
Oli Scarff Getty Images

The next pope will be the spiritual leader of the world's Catholics. He will also be leading a multibillion-dollar financial empire. And from a business perspective, the Catholic Church is struggling.

We talked to several people who study the business of the church. Here are a few of the issues they pointed out.

1. Globally, the church's employees are in the wrong place.

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8:33am

Tue March 5, 2013
Planet Money

Ask A Banker: Shadow Banking Is Like Banking, Only Shadier

Originally published on Tue March 5, 2013 9:02 am

Not just an empty suit.
Paul Goyette Flickr

Hi! It's Ask a Banker! Once again, I'm a former banker, current Dealbreaker editor and occasional answerer of questions here. Send more questions to planetmoney@npr.org with "ask a banker" in the subject line, or ask on Twitter (@planetmoney). This week's question comes from Ellen in Minneapolis and I think you'll like it:

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9:11am

Wed February 6, 2013
Business

Colorado Follows Suit, Files Against S&P

CO Attorney General John Suthers

3:27am

Wed February 6, 2013
Business

Feds Bust Huge Credit Fraud Ring

Originally published on Wed February 6, 2013 8:51 am

Transcript

STEVE INSKEEP, HOST:

We're also tracking a story that federal authorities call one of the biggest credit card fraud rings in U.S. history. Eighteen people are alleged to have created an elaborate web of fake identities and sham companies to steal hundreds of millions of dollars.

NPR's Dan Bobkoff has more.

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11:40am

Tue February 5, 2013
Planet Money

When Companies Agree To Huge Penalties But Don't Admit Doing Anything Wrong

Originally published on Tue February 5, 2013 3:07 pm

Francis Twitty/ iStockPhoto.com

It happens all the time: The government announces some giant settlement with a company that's been accused of doing something wrong. The company agrees to pay some massive fine. Then, in the fine print, there's something along the lines of: "The company neither admits nor denies any wrongdoing."

Recently, though, some powerful people have been pushing back, rejecting deals that include this kind of fine print.

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