banking

The Two-Way
9:25 am
Thu September 19, 2013

Whale Of A Fine: JPMorgan Chase To Pay $920M In Penalties

The JPMorgan Chase building in London, where traders ran up huge losses.
Timur Emek AP

Originally published on Thu September 19, 2013 10:39 am

JPMorgan Chase has agreed to acknowledge that it violated federal securities laws and will pay $920 million in penalties assessed by regulators in the U.S. and U.K. to settle charges related to the huge trading losses racked up by its London traders last year, the Securities and Exchange Commission announced Thursday morning.

As we wrote earlier this week when word of the pending settlement first emerged, this all:

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Business
7:25 am
Thu August 22, 2013

Bank Of America To Close Some Drive-Up Tellers

Bank of America won't say exactly how many drive-through lanes are closing. A spokeswoman did say the decision is not a cost-cutting move but a response to the way people are banking. At branches where drive-through lanes are closing, the bank says ATMs will be available.
Justin Sullivan Getty Images

Originally published on Thu August 22, 2013 11:43 am

Some Bank of America branches with drive-through tellers from Georgia to Texas have already closed the lanes, according to spokeswoman Tara Burke.

She wouldn't divulge exactly how many are closing. She did say the decision is not a cost-cutting move but a response to the way people are banking.

About 13 million customers bank by mobile phone and 29 million participate in online services. Among them is 19-year-old Brittney Sprague who says, "Not too many folks will really miss the drive-through teller because everybody uses apps. It's all about the new technology."

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World Views
4:30 pm
Fri March 29, 2013

World Views: March 29, 2013

Listen to the entire March 29, 2013 episode

Rebecca Cruise and Suzette Grillot discuss the banking crisis in the Mediterranean island nation of Cyprus, and the decision to re-try American student Amanda Knox in Italy.

University of Oklahoma Italian language and literature professor Jason Houston joins GrillotĀ from Arezzo, Italy. He's been following the Catholic Church's transition of power in the Vatican, and speculates what the last voluntary papal resignation in 1294 could teach us about 2013.