Jim Zarroli http://news.stlpublicradio.org en Bank Of America Settles Mortgage Case For $16.65 Billion http://news.stlpublicradio.org/post/bank-america-settles-mortgage-case-1665-billion <div class="fullattribution">Copyright 2014 NPR. To see more, visit http://www.npr.org/.<img src="http://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=Bank+Of+America+Settles+Mortgage+Case+For+%2416.65+Billion&utme=8(APIKey)9(MDAxOTQ5MTI3MDEyMjA5MDI1OTZmMjJkOQ001)"/></div><p>Transcript <p>DAVID GREENE, HOST: <p>Bank of America agreed to pay more than $16 billion to settle charges that it defrauded investors about the quality of mortgage assets it's sold in the run-up to the financial crisis. Thu, 21 Aug 2014 17:07:00 +0000 Jim Zarroli 39078 at http://news.stlpublicradio.org Once-Thriving Heart Of The Eurozone Stagnates http://news.stlpublicradio.org/post/once-thriving-heart-eurozone-stagnates <div class="fullattribution">Copyright 2014 NPR. To see more, visit http://www.npr.org/.<img src="http://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=Once-Thriving+Heart+Of+The+Eurozone+Stagnates&utme=8(APIKey)9(MDAxODM0MTAzMDEyMTY4NDEzNjUxZmMzYQ004)"/></div><p>Transcript <p>MELISSA BLOCK, HOST: <p>This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.<p>ROBERT SIEGEL, HOST: <p>And I'm Robert Siegel. Fighting in Ukraine, sanctions on Russia and unhealed wounds from the financial crisis. It's not a good mix for the global economy. Thu, 14 Aug 2014 20:09:00 +0000 Jim Zarroli 38897 at http://news.stlpublicradio.org Sanctions Target Russian Oil, But Will That Persuade Putin? http://news.stlpublicradio.org/post/sanctions-target-russian-oil-will-persuade-putin Both the United States and Europe announced <a href="http://www.npr.org/blogs/thetwo-way/2014/07/29/336324858/white-house-threatens-more-russian-sanctions-as-kerry-decries-ukrainian-rebels">new economic sanctions</a> this week against Russia for its role in the conflict in Ukraine. Sat, 02 Aug 2014 15:23:00 +0000 Jim Zarroli 38562 at http://news.stlpublicradio.org Sanctions Target Russian Oil, But Will That Persuade Putin? Argentina Is In Default. What Does That Actually Mean? http://news.stlpublicradio.org/post/argentina-default-what-does-actually-mean <div class="fullattribution">Copyright 2014 NPR. To see more, visit http://www.npr.org/.<img src="http://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=Argentina+Is+In+Default.+What+Does+That+Actually+Mean%3F&utme=8(APIKey)9(MDA4MjMxOTIyMDEzMTcxNjAzMzFmMjBhZQ001)"/></div><p>Transcript <p>LINDA WERTHEIMER, HOST: <p>The financial markets in Argentina are expected to endure some battering today after the country fell into default for the second time in more than 12 years. Thu, 31 Jul 2014 09:07:00 +0000 Jim Zarroli 38492 at http://news.stlpublicradio.org Late Rally From Argentina Fails To Delay Default http://news.stlpublicradio.org/post/big-banks-rally-argentina-debt-deadline Talks aimed at resolving Argentina's debt crisis have broken down in New York. A court-appointed mediator has declared that the country will go into default. It is the second time the country has defaulted in about 12 years.<p>With a midnight deadline looming, the government and its creditors walked away without a deal late Wednesday.<p>Argentina has been waging a protracted legal battle with a small number of bondholders. Wed, 30 Jul 2014 20:08:00 +0000 Jim Zarroli & NPR Staff 38475 at http://news.stlpublicradio.org Late Rally From Argentina Fails To Delay Default Citigroup Settles Subprime Mortgage Case For $7 Billion http://news.stlpublicradio.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 38033 at http://news.stlpublicradio.org Report Shows 288,000 New Jobs In June http://news.stlpublicradio.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 37752 at http://news.stlpublicradio.org French Bank To Pay $8.83 Billion In Sanctions Probe http://news.stlpublicradio.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 37670 at http://news.stlpublicradio.org BNP Paribas Agrees To Nearly $9 Billion Fine And Admission Of Guilt http://news.stlpublicradio.org/post/bnp-paribas-agrees-nearly-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 23:01:00 +0000 Jim Zarroli 37666 at http://news.stlpublicradio.org U.S.-Foreign Mergers Raise Calls For Tax Reforms http://news.stlpublicradio.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 37392 at http://news.stlpublicradio.org U.S.-Foreign Mergers Raise Calls For Tax Reforms