-
Receiving Wide Coverage ...Here a Probe, There a Probe: Two more banks have joined the ranks of financial institutions under investigation this summer for questionable behavior. According to the Journal, a federal grand jury is looking into the very close ties Regions Financial may have had with executive recruiting firm Fiderion Group LLC and its CEO James Norton III. Prosecutors have asked the bank to turn over information on "any gifts, trips or vacations" Fiderion may have funded. They have also asked for information regarding any loans Regions may have made to the firm or to Norton. The paper, which reviewed documents and spoke to people close to the inquiry, says the grand jury's investigation doesn't necessarily indicate wrongdoing, and the target of the probe isn't clear. It had been previously reported that Fiderion paid the tab for Regions executives at annual golfing getaways from 2002 to 2008, but Norton said he believed these outings complied with the bank's rules on vendor relationships.
August 22 -
The main news programs on broadcast networks ABC and NBC have ignored the biggest scandal roiling the banking world this summer, according to the nonprofit website Media Matters for America. Other networks have covered it, but critics urge TV to toughen reporting on banking.
August 2
Libor. Money laundering. Discriminatory lending.
It is hard to keep track of this summer's banking scandals. Fortunately, ProPublica is here to help.
The nonprofit investigative website on Tuesday
For each scandal, ProPublica's scorecard summarizes how the banks got into hot water and how, in the cases of some banks, they've gotten out by settling with regulators. The website also created a handy visual guide to each case, noting if penalties or fines have been levied, if an investigation is still ongoing and if an executive has been fired or has resigned.
American Banker
ProPublica says it will continue updating its scorecard, and Wednesday brought two potential additions, as
