Sep 16, 2013 — The fine is reportedly said to be at least $700 million for what authorities say were massive derivative bets made without adequate risk controls in place. The case became known as the "London Whale" owing to the size of the trades made.
Jun 27, 2013 — A report issued Thursday by Ireland's Central Statistics Office found that its GDP had fallen by 0.6 percent. The same report also included newly revised figures for recent quarters. As a result, the negative GDP numbers in two or more quarters satisfies the definition of a recession.
Jun 11, 2013 — The Consumer Financial Protection Bureau reports those who opt in to the service rack up more costs and are more likely to have their accounts closed.
Dec 10, 2012 — The deal settles allegations that HSBC ignored red flags of massive money laundering by Mexican drug cartels and allowed transfers of billions of dollars from sanctioned nations like Iran.
Aug 13, 2012 — Commentator Stuart Kauffman feels that the courage and integrity of an earlier age has been replaced by something else, something less admirable, in today's society.
Jul 18, 2012 — Fines and refunds of $210 million sounds like a lot, but how big is it for a big bank?
Jul 12, 2012 — When the big bank reports second-quarter earnings on Friday, the real news will be how big its trading losses have grown. The answer could have repercussions for the entire banking sector.
Jun 12, 2012 — After interviews with more than a dozen current and former executives at the bank, the newspaper concludes that it was warned about bets that would cost it more than $2 billion. A plan to roll them back wasn't properly implemented, the Journal says.
Oct 25, 2011 — In the first hour of Talk of the Nation, NPR's Loren Jenkins talks about the business of foreign journalism, and tips on how to break up with your bank. In the second hour, the pros and cons of same-sex classrooms, and fabrications in political biographies.