Banking

10:47am

Tue May 21, 2013
The Two-Way

JPMorgan Shareholders Vote To Keep Dimon As Chairman, CEO

JPMorgan Chase CEO Jamie Dimon during testimony on Capitol Hill.
Mark Wilson Getty Images

JPMorgan Chase shareholders voted on Tuesday to allow Jamie Dimon to continue being their chairman and CEO.

The AP reports:

"At the bank's annual meeting, 32 percent of shareholders voted for a measure that would have required the bank to split the roles. Had the measure succeeded, Dimon would have had to relinquish the role of chairman.

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2:14am

Tue May 21, 2013
Business

JPMorgan Shareholders Consider Splitting CEO, Chairman Jobs

Originally published on Tue May 21, 2013 9:13 am

Transcript

STEVE INSKEEP, HOST:

JPMorgan Chase holds its annual shareholder meeting today in Tampa, Florida, and the shareholders will vote on a key measure: a proposal to strip the CEO, Jamie Dimon, of his other title, chairman of the board. A growing number of companies have split the CEO and chairman roles.

Shareholder activists and corporate governance experts say having a balance of power at the top helps to reduce risk. The bank and its supporters disagree. NPR's Yuki Noguchi reports.

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2:28pm

Mon May 20, 2013
Shots - Health News

Latest Health Hurdle: Buying Insurance Without A Bank Account

Originally published on Tue May 21, 2013 3:43 pm

Millions of people who rely on check-cashing stores, like this one in New York City, could run into trouble buying health insurance.
Mary Altaffer AP

When movie stars become unbankable, they're no longer a slam dunk at the box office. When investments become unbankable, they're relegated to the Wall Street's junk pile. For ordinary Americans deemed unbankablethose who don't have a traditional checking or savings account — it can be hard to simply pay bills.

And that absence of a bank account is about to become a big problem for those who also lack health coverage — and for the health insurance companies trying to sell them coverage. After all, how do you sell a product to a customer who has no easy way to pay you?

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8:57am

Mon May 20, 2013
Planet Money

Ask A Banker: Capital, Capital!

Originally published on Tue May 21, 2013 11:09 am

Paul Goyette Flickr

Hi, it's Ask a Banker! You should send us questions on email or Twitter, but this particular question, though timely, was made up by me, sorry:

Q. Should banks be required to hold much more capital as a safety net? Or should they be putting that money to productive use by lending it out instead?

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9:41am

Sat May 11, 2013
The Two-Way

Experts Marvel At How Cyber Thieves Stole $45 Million

Originally published on Sat May 11, 2013 5:00 pm

This week's massive cyber-heist was facilitated by the ease with which criminals have learned to hack the magnetic stripe on the back of ATM, debit and credit cards.
Timothy A. Clary AFP/Getty Images

With a haul of $45 million, it's being billed as possibly the biggest cyber-heist in history. But in reality, experts and authorities say, it was thousands of small but highly coordinated thefts.

As we reported on Thursday, federal prosecutors charged eight people with being the just New York cell of an operation that allegedly encompassed criminal cohorts in 26 countries.

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