Aram Zucker-Scharff

Build your own banking scandal news story (Barclays edition):

QUARTZ BANK SCANDAL POST GENERATOR v4.7 // BEGIN TEMPLATE // Today [1. Bank] was hit with a [2. Size of penalty] fine by [3. Regulatory authority] for its part in manipulating the [4. Benchmark] market. The market is worth [5. Size of market]. [6. Stern statement from regulator] [7. Contrite statement from bank] In the…

Ugh.

rollingstone:

Colorado lawmakers have approved the world’s first banking system designed to accommodate the marijuana industry.

The saddest way to default on your student loan: If a parent or grandparent cosigns a private student loan and then dies, banks can demand that you pay up immediately.

“So I think we are in great danger of banks not just being too big to fail, but their leaders being too big to fail, as they take the tremendous subsidies they’ve received over the last few years. We’re in a much more precarious position.”

– Ex-banker details how mega-banks destroyed America.