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July 20, 2012 Archives

Banks’ Lending Frenzy Left Borrowers Buried in Student Debt, Report Details

In the run-up to the financial crisis, banks and other lenders made risky private student loans. In the years since, default rates have soared and borrowers are still suffering.

HSBC’s Money Laundering Lapses, By the Numbers

A Senate investigation cited HSBC for failing to have adequate controls to prevent money-laundering. We break down their findings.

Why Can’t Medicine Seem to Fix Simple Mistakes?

The death of 12-year-old Rory Staunton from septic shock prompted NYU's Langone Medical Center to revamp its emergency room procedures to address a startling lapse. History shows that the profession is unlikely to learn from this mistake.