Jim Zarroli http://kwit.org en Citigroup Agrees To $7 Billion Fine For 'Egregious' Misconduct http://kwit.org/post/citigroup-agrees-7-billion-fine-egregious-misconduct Citigroup has agreed to pay $7 billion to settle claims that it committed fraud when it sold mortgage-backed securities in the years leading up to the financial crisis. Most of the money will be paid to the U.S. Treasury, but some will be used to provide mortgage relief to struggling homeowners. Mon, 14 Jul 2014 20:15:00 +0000 Jim Zarroli 48369 at http://kwit.org Citigroup Settles Subprime Mortgage Case For $7 Billion http://kwit.org/post/citigroup-settles-subprime-mortgage-case-7-billion Transcript <p>STEVE INSKEEP, HOST: <p>Citigroup has agreed to settle allegations that it defrauded investors in the years leading up to the financial crisis. The settlement requires Citigroup to pay $7 billion. Two and a half billion will go toward mortgage relief for homeowners. Now, this settlement involves mortgage-backed securities the bank packaged and sold to investors, and it was announced this morning by U.S. Attorney General Eric Holder. We're going to talk this through with NPR's Jim Zarroli who's on the line. Mon, 14 Jul 2014 16:34:00 +0000 Jim Zarroli 48355 at http://kwit.org With Default 23 Days Away, A Little Clause Could Cost Argentina Big http://kwit.org/post/default-23-days-away-little-clause-could-cost-argentina-big Transcript <p>ROBERT SIEGEL, HOST: <p>From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.<p>MELISSA BLOCK, HOST: <p>And I'm Melissa Block. The clock is ticking for Argentina. Yes, in the World Cup, but here, we're talking about its effort to prevent another debt crisis. Argentina has until the end of this month to pay its bondholders or it risks going into default. Tue, 08 Jul 2014 20:13:00 +0000 Jim Zarroli 47970 at http://kwit.org Report Shows 288,000 New Jobs In June http://kwit.org/post/report-shows-288000-new-jobs-june Transcript <p>RENEE MONTAGNE, HOST: <p>This is MORNING EDITION from NPR News. I'm Renee Montagne.<p>DAVID GREENE, HOST: <p>And I'm David Greene. Good morning. We begin this hour with more positive signs about the nation's economy. The Labor Department this morning said the U.S. unemployment rate fell to its lowest level in nearly six years last month, and employers added some 288,000 jobs to their payrolls. Here's NPR's Jim Zarroli.<p>JIM ZARROLI, BYLINE: The job growth was spread across the economy in business services, retail trade, manufacturing and even government hiring. Thu, 03 Jul 2014 15:14:00 +0000 Jim Zarroli 47686 at http://kwit.org French Bank To Pay $8.83 Billion In Sanctions Probe http://kwit.org/post/french-bank-pay-883-billion-sanctions-probe Transcript <p>RENEE MONTAGNE, HOST: <p>This morning, top executives at France's largest bank, BNP Paribas, reassured investors that they have enough cash to pay a $9 billion penalty to the U.S. government. Late yesterday, the bank agreed to plead guilty to violating U.S. sanctions laws and accepted that $9 billion fine. It's the largest penalty ever imposed by the U.S. government for sanctions violations. The bank admitted it helped clients in Sudan and other countries evade U.S. trade embargoes through its New York office. And the U.S. Tue, 01 Jul 2014 09:21:00 +0000 Jim Zarroli 47529 at http://kwit.org BNP Paribas Agrees To Nearly $9 Billion Fine And Admission Of Guilt http://kwit.org/post/bnp-paribas-agrees-9-billion-fine-and-admission-guilt Transcript <p>MELISSA BLOCK, HOST: <p>Banking giant BNP Paribas has agreed to pay American regulators nearly $9 billion dollars to settle charges of economic sanctions violations. It's the largest such fine ever imposed by the U.S. The bank will plead guilty to two criminal charges. It was accused of helping clients in Sudan, Cuba and Iran conduct business in the United States. NPR's Jim Zarroli reports.<p>JIM ZARROLI, BYLINE: The charges were brought after a lengthy investigation that involved the Justice Department, the Federal Reserve and banking regulators in New York state. Mon, 30 Jun 2014 22:20:00 +0000 Jim Zarroli 47521 at http://kwit.org Bitter Debt Fight Between Argentina And U.S. Set To Reach Climax http://kwit.org/post/bitter-debt-fight-between-argentina-and-us-set-reach-climax Transcript <p>AUDIE CORNISH, HOST: <p>From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.<p>MELISSA BLOCK, HOST: <p>And I'm Melissa Block. For most of the last 14 years, Argentina has been locked in a bitter fight over how much has to pay its international creditors. On Monday, that battle will come to a head. That's the deadline the U.S. Supreme Court set for Argentina to pay off some U.S. hedge funds that had bought its bonds. Argentina says the payments could ruin the country. Fri, 27 Jun 2014 20:07:00 +0000 Jim Zarroli 47358 at http://kwit.org Absentee Ballots To Decide Whether Rep. Rangel Gets A 23rd Term http://kwit.org/post/absentee-ballots-decide-whether-rep-rangel-gets-23rd-term Even though votes are still being counted, Rep. Charles Rangel has declared victory in his race against Adriano Espaillat. It could be more than a week before the results are available. Thu, 26 Jun 2014 09:19:00 +0000 Jim Zarroli 47237 at http://kwit.org U.S. Tip-Toes Closer To Unprecedented Fine On French Banking Giant http://kwit.org/post/us-tip-toes-closer-unprecedented-fine-french-banking-giant Transcript <p>AUDIE CORNISH, HOST: <p>U.S. officials are close to a multibillion-dollar settlement with the giant, French bank BNP Pariba over allegations of sanctions violations. The bank is expected to admit that its affiliates did business with countries subject to U.S. economic sanctions - Sudan, Cuba and Iran. NPR's Jim Zarroli reports.<p>JIM ZARROLI, BYLINE: Regulators are still in talks with BNP Pariba, and no resolution is expected before early next week. Mon, 23 Jun 2014 20:07:00 +0000 Jim Zarroli 47062 at http://kwit.org U.S.-Foreign Mergers Raise Calls For Tax Reforms http://kwit.org/post/us-foreign-mergers-raise-calls-tax-reforms This week the big medical device company Medtronic said it was moving its legal headquarters from Minneapolis to Ireland. It's part of a $43 billion merger with another medical company, Dublin-based Covidien.<p>The move is a tax-saving strategy called an inversion and it's growing more common in the corporate world.<p>U.S. Fri, 20 Jun 2014 20:57:00 +0000 Jim Zarroli 46930 at http://kwit.org U.S.-Foreign Mergers Raise Calls For Tax Reforms