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Pound falls on Bank meeting minutes

The pound falls after Bank of England policy makers find “insufficient evidence” of inflationary pressure to justify a rate rise.

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Payment system problem at Bank

The Bank of England has stopped the automated system of transfers of large amounts of money between banks owing to a technical problem.

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The High Society Bank Robber

He was wealthy, a member of New York City society, and a patron of the arts. And he was also the secret mastermind behind the biggest bank heists of his day.

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Renowned artist’s painting stolen

An oil painting by a renowned Welsh artist whose works have been sold for tens of thousands of pounds, is stolen from London’s Southbank Centre.

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A perverse shadow-banking fix?

Regulator runs risk in trying to curb shadow banking

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JP Morgan posts profit of $5.6bn

US banking giant JP Morgan Chase reports a $5.6bn profit for the three months to 30 September, following a loss a year earlier.

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Top 400 US Billionaires’ Wealth Equals Brazil’s GDP

Rob Johnson is the Director of the Economic Policy Initiative at the Franklin and Eleanor Roosevelt Institute and is a regular contributor to the Institute’s blog NewDeal2.0. He serves on the UN Commission of Experts on Finance and International Monetary Reform. Previously, Dr. Johnson was a Managing Director at Soros Fund Management where he managed a global currency, bond and equity portfolio specializing in emerging markets. He was also a Managing Director at the Bankers Trust Company. Dr. Johnson has served as Chief Economist of the US Senate Banking Committee under the leadership of Chairman William Proxmire and was Senior Economist of the US Senate Budget Committee under the leadership of Chairman Pete Domenici. Dr. Johnson was an Executive Producer of Taxi to the Dark Side, an Oscar Winning documentary produced and directed by Alex Gibney.

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The Real Problem With Sperm Banks

Sperm banks are barely regulated, a situation that can lead to everything from an increase in hereditary conditions to accidental incest.

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Sapphire screen maker in bankruptcy

Shares in GT Advanced Technologies plunge over 90% after the maker of sapphire glass screens, some of which are used in Apple products, files for bankruptcy.

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Lloyds fires eight staff over Libor

Lloyds Banking Group has dismissed eight staff members following an investigation into the manipulation of some key interest rates set in London.

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Economic Update: How Capitalism Works

This episode covers why efforts against obesity fail, Cadillac’s move into New York, the Atlanta Symphony lockout, subprime auto credit and bank economics. We also discuss the economics of climate change, and respond to listeners’ questions on Jamestown in US history, current minimum wage struggles and the economics of insurance. Download the show To listen in live on Saturdays at noon, visit WBAI’s Live Stream Economic Update is in partnership with Truthout.org Your radio station needs Economic Update! If you are a radio station, check this out. If you want to hear Economic Update on your favorite local station, send them this. Visit Professor Wolff’s social movement project, democracyatwork.info. Permission to reprint Professor Wolff’s writing and videos is granted on an individual basis. Please contact profwolff@rdwolff.com to request permission. We reserve the right to refuse or rescind permission at any time.

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The next big banking scandal?

Could this be the next big banking scandal?

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Appetite for loans ‘picks up again’

The amount of new borrowing through personal loans has outstripped repayments every month this year, figures from UK banks indicate.

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Barclays hit by record £38m fine

Barclays Bank has been fined a record £38m by UK regulators for failing to keep its clients’ money separate from its own.

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Public donate thousands of food bags

About 2,000 bags of food are donated to an impromptu foodbank that started amid a gathering of peace campaigners.

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Banks lead business reaction to the Scottish referendum

Banks lead business reaction to referendum

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Scottish ‘No’ vote ‘relief’ for firms

Businesses speak of ‘relief’ over Scotland’s rejection of independence, and banks say they will no longer be shifting operations out of Scotland.

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Beatles’ Eleanor Rigby made from £1m

A sculpture of The Beatles’ song character Eleanor Rigby made from £1m of used bank notes is to go on show at the Museum of Liverpool.

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Hated Bitcoin Tycoon: My Life Is at Risk

In the first interview with Mt. Gox’s Mark Karpeles since Japanese police launched an investigation into his bankrupt exchange, he says he’s just a regular geek—and that he’s in danger.

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Whyte’s former castle home sold

The 16th Century Highland castle repossessed from former Rangers owner Craig Whyte by the Bank of Scotland is sold.

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7 For All Mankind, a division of VF Contemporary Brands
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7 For All Mankind, a division of VF Contemporary Brands
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US iTunes, App Store, iBookstore, and Mac App Store
J&R Computer/Music World
Burberry
New July 2013
7 For All Mankind, a division of VF Contemporary Brands