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Columbia Journalism Review content tagged financialization

1. July 6, 2011 10:55 AM

   1955: When Chase Was Too Small to Bail

   By Ryan Chittum

   American Banker has a fun flashback that helps show how out of whack our financial system has gotten in the last half century. Here's the paper's lede from January 1955 when Chase merged with the Bank of Manhattan (emphasis mine): John J. McCloy, chairman of the Chase National Bank of the City of New York, and J. Stewart Baker, chairman...

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2. January 5, 2011 01:48 PM

   WSJ Keeps an Eye on Bank Fees

   Annual fees for debit cards could be next

   By Ryan Chittum

   The Wall Street Journal does a good job today on how banks are plotting new fees to get around the clampdown on their old ones, which included abuses like the overdraft racket and interchange-fee gouging that made them tens of billions of super-high-margin money a year. The biggest eye-raiser here is that the banks are talking about charging an annual...

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3. November 7, 2012 06:50 AM

   Audit Notes: FT denies Bloomberg report, Drudge stats, financialization

   Misleading with bogus statistics

   By Ryan Chittum

   Bloomberg News reports that Pearson is considering putting the Financial Times up for sale, as Michael Wolff predicted a month ago. Pearson Plc is planning to explore a sale of the Financial Times newspaper as the company focuses on its faster-growing education business, people with knowledge of the situation said. The company has decided to consider offers for the newspaper...

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4. December 1, 2010 12:19 AM

   Audit Notes: Others on the Business Press

   By Ryan Chittum

   If you haven't read John Cassidy's piece in The New Yorker asking "What Good Is Wall Street?", get to it. It's a pretty good read. Meantime, he had some interesting things to say in a live chat with readers on The New Yorker's website. This particularly is relevant to us (emphasis mine): Reader question: What has changed the most since...

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5. November 14, 2011 03:05 PM

   The Times Eyes New Fees From the Banks

   By Ryan Chittum

   Everybody who skipped Bank Transfer Day ought to read this New York Times story today on how giant banks are hitting customers with new fees. Not so long ago, banks had a couple of multibillion-dollar rackets going that hit consumers directly via overdraft charges designed to turn a $2 overdraft into a cascade costing hundreds of dollars or used the...

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