banking

Brennan Linsley / AP

8:15am May 09, 2019

Politics & Government Politics & Government

38 Attorneys General Ask Congress To Bring Marijuana Money Into Banking System

by Laurel Wamsley

Most states have legalized marijuana in some form. But federal law still considers it an illegal drug, which exposes banks to legal risk if they handle weed-related money or transactions.
Devan Schwartz for NPR

11:33pm Apr 10, 2019

National National Economy

Bags Of Cash, Armed Guards And Wary Banks: The Edgy Life Of A Cannabis Company CFO

by Yuki Noguchi

Being chief financial officer in a pot business requires lots of workarounds, including hiring heavily armed guards. Few financial firms are willing to service a market that remains federally illegal.

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9:25pm Mar 31, 2019

Business Business

Wells Fargo CEO Sloan Steps Down After Rocky Tenure

by Associated Press
J. Scott Applewhite / AP

5:11pm Mar 28, 2019

Economy Economy

Wells Fargo CEO Quits In Wake Of Consumer Financial Scandals

by Jennifer Liberto

Wells Fargo announced Thursday that CEO and President Tim Sloan will step down immediately. The company's general counsel Allen Parker was elected to run the company until a new CEO is selected.
Chip Somodevilla / Getty Images

5:52pm Mar 12, 2019

Politics & Government Politics & Government

CEO Says Wells Fargo Has Transformed After Scandals; Lawmakers Are Skeptical

by Daniella Cheslow

Both Republican and Democratic lawmakers question whether Wells Fargo has changed its culture away from fraud and mismanagement that have led to billions in fines and penalties against the bank.
Maddy Savage for NPR

8:07pm Feb 11, 2019

Economy Economy

Sweden's Cashless Experiment: Is It Too Much Too Fast?

by Maddy Savage

In Sweden, few people use cash anymore. Most people pay by card, online or with digital apps, and that trend is spurring a new debate on whether going cashless is fair for everyone.

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5:56pm Feb 07, 2019

Economy Economy

Winston-Salem Reacts To BB&T's Pending Merger And Move

Winston-Salem-based bank BB&T has announced it will merge with SunTrust Banks to create one of the largest banks in the country.

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12:15pm Jan 04, 2019

World News World News

U.S. Seeks To Extradite 3 Ex-Credit Suisse Bankers Accused Of Fraud in Mozambique

by Daniella Cheslow

The three were allegedly at the center of a scheme that loaned $2 billion to Mozambique for sham tuna fishing and naval projects.
Alex Brandon / AP

2:58pm Jun 14, 2018

Economy Economy Politics & Government

Former Banker, Now Regulator, Wants To Allow Banks To Make Payday-Style Loans

by Chris Arnold

Comptroller of the Currency Joseph Otting is a former bank executive testifying before Congress this week about reshaping some banking rules. He wants big banks to start making small-dollar loans.

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5:30am Mar 16, 2018

Economy Economy Race

Modern Redlining: How Banks Keep People Of Color From Buying Homes

by Sean Bueter

According to new reporting from the public radio program Reveal, banks are often far less likely to give people of color a mortgage loan than their white peers, even if they’re in good financial standing.

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1:50pm May 09, 2017

Economy Economy

Credit Suisse Gets $40 Million In Tax Breaks, Adds 1,200 Jobs In NC

by Emery P. Dalesio & Christina Sandidge, Associated Press

Credit Suisse is adding 1,200 jobs at its technology hub in North Carolina, which approved more than $40 million in tax breaks on Tuesday to lure the jobs away from the New York City area.
Andrew Harnik / AP

8:25pm Jan 05, 2017

National National Politics & Government

Can An SEC Nominee With Ties To Goldman Regulate Wall Street Impartially?

by Chris Arnold

Donald Trump has nominated Jay Clayton, a Wall Street lawyer, to head the Securities and Exchange Commission. Critics say it's another example of Trump packing his Cabinet with Wall Street insiders.

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