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The government is rolling over for big banks again
Last week I wrote about the dangers of vacant seats at the financial regulatory agencies. But sometimes there’s just as much danger from the seats that happen to be occupied. Bloomberg reported this...
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One Greek Bank Miraculously Avoided Market Chaos But It's Not Clear Why
Greece's banks are getting absolutely obliterated today. Well, that is, all but one Greek bank.Shares in Attica Bank closed up 3.57%, and rose by as much as 7% earlier. It's the only bank now trading...
View Article90% of all US cash had traces of cocaine on it back in 2009
I bet you didn't know those dollar bills in your pocket have a hint of cocaine on them. Or that there are hidden inks and features to prevent counterfeiting. These are just a couple fascinating facts...
View ArticleA reporter spots a suspect fleeing the scene of a robbery on live TV
KIMT-TV reporter Adam Sallet was reporting a bank robbery live on TV when the robber in question ran across the street, fleeing the bank for the second day in a row. Produced by Emma FierbergFollow BI...
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After the Fed raised rates banks increased another interest rate that will...
Wednesday's announcement that the Federal Reserve was lifting the Federal funds interest rate for the first time since it went to 0% could have huge effects for the economy.One of the most immediate...
View ArticleHow to avoid using hacked ATMs
ATM skimmers are becoming more prevalent as criminals find even more ways to skim the information off ATM cards. Here's how to protect yourself.Produced by Matthew StuartFollow TI:On FacebookJoin the...
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This stunning chart shows how 37 banks combined into just 4 over 20 years
SEE ALSO: STARBUCKS CEO: We're witnessing a 'seismic change' in retailJoin the conversation about this story »NOW WATCH: Watch Trump go head-to-head with a reporter and attack Megyn Kelly for being a...
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Mario Draghi has cracked the negative-rate puzzle for banks
Mario Draghi, chief of the European Central Bank, fired his monetary bazooka at stubbornly low inflation in the eurozone on Thursday.Then he reloaded and fired again about three times. The ECB cut all...
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One chart tells you why negative rates are hurting European banks
Central banking is upside down.A cut into negative rate territory is now a more likely outcome than a rise back to normality when the monthly decisions are made.While the US Federal Reserve raised...
View ArticleHow Merrill Lynch changed the way people are paid on Wall Street
Bank of America acquired Merrill Lynch in 2012, but the latter firm's legacy is still present in the world of finance. Edward Morris, author of "Wall Streeters: The Creators and Corrupt ors of American...
View ArticleThese businesses profit off your laziness
It's easy to be lazy, and some businesses are designed to profit off of everyone's proclivity for choosing the easy way out.Produced by Jacqui Frank. Original reporting by Kathleen Elkins.Follow BI...
View ArticleAustralia’s new money is literally transparent
Australians, look out for some strange looking dollars in your change. The Reserve Bank of Australia has released a first look at its new $5 bank note, and its a beauty. In an effort to fight...
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A former Merrill Lynch exec explains why he left Wall Street to run a ski...
As a senior at Amherst College, Win Smith and a few of his fraternity brothers decided to grab some season passes, rent a house, and hit up the ski slopes in Vermont's Mad River Glen.The season came to...
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JPMorgan Chase just eclipsed Wells Fargo to become America's most valuable bank
For the past four years, Wells Fargo was the most valuable bank in the United States. But that's no longer the case. Thanks to fallout from an unfolding scandal, Wells Fargo's market capitalization has...
View ArticleThings are getting worse for Wells Fargo and now the FBI is getting involved
The FBI is investigating Wells Fargo after the bank was fined $185 million for alleged employee fraud. Follow BI Video: On TwitterJoin the conversation about this story »
View ArticleProtect yourself from scammers by doing this one thing every time your bank...
Adam Levin, author of "Swiped: How to Protect Yourself in a World Full of Scammers, Phishers, and Identity Thieves" explains how you can protect yourself from a common scam known as 'vishing.' Follow...
View ArticleWells Fargo's CEO is giving up $41 million over the phony accounts scandal
Wells Fargo CEO John Stumpf will temporarily forgo his salary for 2016 while the bank launches an independent investigation over phony accounts created by employees to reach aggressive sales...
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The People's Bank of China let the yuan fall below an important threshold
China’s central bank allowed the yuan to fall below a key defensive line on the first trading day after its inclusion as a “hard currency” in the International Monetary Fund’s basket.The People’s Bank...
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Elizabeth Warren just laid out all the financial reforms she wants to push...
Elizabeth Warren made a speech at the Levy Institute's Minsky Conference on Wednesday and laid out some major financial reforms she wants to push through. "The culture of cheating on Wall Street didn’t...
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Why the US must think differently about China's new development bank
The founder of modern Singapore, Lee Kwan Yew, who passed away recently, had a rather pointed assessment of what’s known as the U.S.“Asia pivot” policy: Americans think of international relations like...
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