WNPR

banks

401k(2012) / Flickr

As our society moves further away from paper currency, we pause to look back at the once predominant form of payment. Its look, its feel and its smell all hold a place in the collective consciousness of our nation's history.

President-elect Donald Trump has picked his campaign finance chairman, Steve Mnuchin, to be his Treasury secretary. The Wall Street banker spent 17 years at Goldman Sachs, where he was a partner, and is now chief executive of Dune Capital Management, a privately owned hedge fund.

Mnuchin confirmed his selection Wednesday during a joint CNBC interview with billionaire investor Wilbur Ross Jr., who has been tapped for commerce secretary.

Mike Mozart / Creative Commons

State Treasurer Denise Nappier will review all of Connecticut’s business relationships with Wells Fargo, as the bank is mired in scandal over bogus accounts. Wells Fargo is leading a bond sale for Connecticut next month; Nappier now says she will appoint Morgan Stanley to partner in managing that sale. 

Jackie Filson / WNPR

Protein Sciences, the Meriden-based vaccine maker, is setting its sights on the Zika virus. 

Thousands of small investors who lost some or all of their savings when a large bank in Spain failed in 2012 may now get their money back. Bankia, which needed a $19 billion bailout just one year after its initial public offering, announced the surprise move Wednesday.

About 55 miles east of Capitol Hill, one small business — International Green Structures — is trying to stretch beyond its base in Stevensville, Md., to go global.

IGS, which has about 50 factory workers, makes fiberboard out of compressed wheat. The panels, used to build durable housing, are both "green" and red-white-and-blue-American-made.

Bullion Vault / Creative Commons

The history of gold is a history of beauty, bloodshed and obsession. Gold has been fought for, worn ornamentally, traded as tender and at times even worshiped. This hour, we continue to mine it, covet it, and find uses for it even King Midas himself would never have imagined.

But why has the allure of this precious metal endured for so long? Investors will say its rarity ensures its worth. Numismatists will point to its ancient uses as currency to justify the appeal. And scientists may point to its uses in electronics and space travel as a means of explaining its value.

zimmytws/iStock / Thinkstock

As Greece seeks a new three-year bailout from other countries in the Eurozone, investors and businesses around the world -- including here in Connecticut -- are keeping an eye on the country's crumbling economy. 

Manufacturers in Connecticut are among those who say they’ll suffer with the expiry of the federal Export-Import bank. There are more than a hundred companies in Connecticut that use the services of the federal agency, known as the Ex-Im bank.

Steve and Sara / Creative Commons

Hartford's City Council has approved a municipal identification card program. The IDs will give undocumented immigrants and others better access to city services.

Citicorp, JPMorgan Chase, Barclays, The Royal Bank of Scotland and UBS AG have agreed to plead guilty to felony charges and pay billions in criminal fines, the Department of Justice says. The offenses range from manipulating the market price of U.S. dollars and euros to rigging interest rates.

A huge trove of leaked documents is shedding new light on the secretive Swiss banking industry.

The documents were downloaded by a former computer security expert at the giant bank HSBC, and they were released over the weekend by the International Consortium of Investigative Journalists.

Updated at 9:30 a.m. ET

Sen. Elizabeth Warren failed to stop a change in bank regulations last weekend, but she raised her profile yet again.

The Massachusetts Democrat tells NPR that her fight over a provision in a spending bill was a "warning shot." She intends to continue her fight against what she describes as the power of Wall Street, even though that fight brought her to oppose leaders of her own party.

The FBI says it's working with the Secret Service to investigate reports that Russian hackers breached security at JPMorgan Chase and other financial institutions, stealing customers' account information in possible retaliation for U.S. government sanctions on Moscow.

"We are working with the United States Secret Service to determine the scope of recently reported cyberattacks against several American financial institutions," FBI spokesman Joshua Campbell said in a statement late Wednesday.

The financial crisis pushed millions of Americans from their homes. And housing advocates complain that the government did more to prop up big banks on Wall Street than it did to help average people on Main Street.

But many of those people on Main Street could still qualify for a government program to help them save money by refinancing their mortgages.

Pages