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Fears of bank runs on the rise in Greece

May 16, 2012
New elections are scheduled for June 17th in Greece, but that may not be soon enough to calm fears at Greek banks. Almost a billion dollars worth of deposits was withdrawn on Monday alone.
Posted In: Greece, banking

Greek citizens pulling money from banks

May 16, 2012
With a new general election on the way in Greece and the country's membership in the European Single Currency in the balance, people in Greece are trying to keep their bank accounts from losing value if ever the euro is dropped. Greece's central bank chief says depositors pulled about $900 million about of bank accounts Monday alone.
Posted In: Greece, banking, Greek debt

JPMorgan shareholder meeting today in Tampa

May 15, 2012
In Tampa, Fla. today, there's a JPMorgan Chase shareholder meeting going on. Not a great time for CEO Jamie Dimon to face shareholders, given the $2 billion trading loss he announced last week.
Posted In: banking, JPMorgan, Jamie Dimon

Overdraft America

May 3, 2012
Bank overdraft rules are poorly understood, especially by two groups: the young and low-income consumers.
Posted In: banking, checking account, overdraft fees

Should European banks keep more cash in reserves?

May 2, 2012
European finance ministers are meeting today about how much money banks should have around in case of emergency. Banks argue the more that's set aside the less they have to lend and invest.
Posted In: Europe debt crisis, banking

Are small banks in big trouble?

Apr 25, 2012
A report out today from the special inspector general who oversees the 2008 bank bailout known as TARP has some bad news about small banks. He says more than 300 small banks that borrowed money from the federal government during the financial crisis have yet to pay it back.
Posted In: banking, TARP

Small banks struggling to pay TARP funds back to feds

Apr 25, 2012
In a report to congress, TARP's inspector general says while the program will likely end up making a profit for taxpayers, there's ongoing worry that many small banks are having trouble paying back the feds.
Posted In: TARP, banking

Citigroup investors push back on exec pay packages

Apr 18, 2012
Fifty-five percent of the bank's shareholders voted against pay packages for top execs, including $15 million in compensation for CEO Vikram Pandit. The vote is advisory only, though, and thus doesn't actually force a change in Citi's pay practices.
Posted In: banking, executives, Citigroup

Shadow banking: Still a threat

Apr 16, 2012
Shadow banking has grown since the financial crisis. Sr. Producer Paddy Hirsch casts a light on the system and explains why it's so dangerous.
Posted In: shadow banking, Banks, banking

Big banks pass Federal Reserve stress tests

Mar 14, 2012
The stock market had its best day of the year yesterday, in large part due to a pleasant surprise, in the form of a report card on stress tests that were taken by the big banks.
Posted In: stress tests, banking, Federal Reserve

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