Recommending stories from Ivy Knight; David Enrich, Matthew Goldstein, and Jessica Silver-Greenberg; Eva Holland; John DeVore; and Nathaniel Rich.
banking
Posted inEditor's Pick
How JPMorgan Enabled the Crimes of Jeffrey Epstein
“A Times investigation found that America’s leading bank spent years supporting—and profiting from—the notorious sex offender, ignoring red flags, suspicious activity and concerned executives.”
Posted inEditor's Pick
The Great Zelle Pool Scam
“All I wanted was a status symbol. What I got was a $31,000 lesson in the downside of payment apps.”
Posted inCulture, Story, Unapologetic Women
The No. 1 Ladies’ Defrauding Agency
What a 19th-century scammer can teach us about women, lying, and economic boom-and-bust cycles
Posted inBusiness & Tech, Nonfiction, Quotes
How Wells Fargo Bankers Gamed Customers to Make Sales Goals
In 2016, Wells Fargo paid a $185 million fine for alleged fraud on its own customers without an admission of guilt. Has anything changed?
Posted inNonfiction, Quotes
I’d Gladly Pay You Tomorrow For a Hamburger Today, If Only My Debit Card Weren’t Frozen
Ubiquitous digital payments: harbinger of a glorious future, or smokescreen for powerful interests that want to control (and undermine) choice and capitalism?
Posted inEditor's Pick
In Praise of Cash
Cash might be grungy, unfashionable and corruptible, but it is still a great public good, important for rich and poor alike.
Posted inNonfiction, Quotes
The Growth of Financial Services in the U.S.
“The financial services sector as a whole accounts for more than 20 percent of US GDP, and this share has grown by around 10 percentage points since the 1970s. Additional expansion has taken place in the business services sector, encompassing law and accounting firms and other outgrowths of a financialized economy. Overall, it seems reasonable […]