Setting up a bank in Britain gets easier

Apr 29, 2013
Despite the recent global banking crisis, UK regulators have decided to cut down application approval times for new banks and lower the capital requirements. An American starting a bank there says this will stimulate competition.
Posted In: bank, metro bank, United Kingdom, Britain

India Finance Minister to set up women only bank

Mar 1, 2013
India's finance minister has announced plans to set up the country's first ever women only bank. P Chidambaram says he hopes that it will be granted a license by October.
Posted In: India, women, bank

Swiss bank closes after U.S. tax evasion fine

Jan 4, 2013
Switzerland's oldest bank, Wegelin and Company, has plead guilty to helping wealthy Americans evade taxes.
Posted In: Switzerland, Wegelin and Company, Tax evasion, bank, Europe

Report calls Kabul Bank a 'ponzi scheme'

Nov 29, 2012
A new report says that the now collapsed Kabul Bank in Afghanistan acted as a 'ponzi scheme.'
Posted In: afghanistan, bank, fraud, ponzi scheme

China could make big bank acquisition in Europe

Sep 17, 2012
China is about to make its biggest ever bank acquisition abroad, according to the Financial Times. It says China could spend as much as $15 billion buying a bank in Europe.
Posted In: China, bank

Tracking a dollar around the world

Jun 15, 2012
Would you investigate the trajectory of a single dollar bill? Let me explain. So you go to the store and buy things, then you pay with a $100 bill. What happens to that note? In a nutshell, my question is: What is the route that a single bill takes? How does it circulate? How far can it travel? Homero, Sacramento, CA
Posted In: Money, globalization, Books, invest, bank

Jamie Dimon apologizes, explains loss before Congress

Jun 13, 2012
JPMorgan CEO Jamie Dimon apologized for not doing a better job supervising trades that lost his bank billions. Dimon emphasized that while bank shareholders lost money, their clients and taxpayers did not.
Posted In: bank, JPMorgan, Jamie Dimon

Why a bank run is bad

Jun 1, 2012
A bank run occurs when customers run down to the bank and demand their money back. So, why can't the bank just return the cash? Sr. Producer Paddy Hirsch explains using a human heart analogy.
Posted In: bank, Banks, Europe debt crisis, FDIC, Lehman Brothers, bank run, whiteboard

Britain looks to sell off parts of Royal Bank of Scotland

Mar 27, 2012
Britain faces the same dilemma as the U.S. when it comes to bailed-out companies: When to sell off the billions of dollars worth of assets it bought from those companies at the height of the crisis.
Posted In: Royal Bank of Scotland, Britain, Scotland, bank

Chase slips up

Mar 2, 2012
A JPMorgan Chase executive said this week that clients who have less than $100,000 in deposits are unprofitable for the bank. New York bureau chief Heidi Moore discusses consumer reaction to that statement, and what it means for the bank.
Posted In: bank, deposits, too big to fail, consumer banking, retail banking, JPMorgan