NPR's business starts with living wills for banks.
The nation's biggest banks are getting ready to file plans with the government for how they would unwind their assets if they were to fail. The plans are called living wills. Regulators want to avoid the type of damage the collapse of Lehman Brothers had on the financial system. Big banks have a July 1st deadline to submit their living wills to the Federal Reserve and FDIC. Transcript provided by NPR, Copyright NPR.
We're counting down to the London Olympics. And this morning, we're going to meet two rowing competitors. American women have been dominant in the eights in international competition; that's boats with eight rowers and a coxswain. They've won the last six world and Olympic championships. In fact, the American team is so strong and so deep that many talented athletes are forced to look for spots in other rowing events.
Qualifying for women's pairs was recently held in Princeton, New Jersey. NPR's Mike Pesca was there.
Two dozen people on four continents have been charged with trafficking in stolen credit cards and bank account numbers. Eleven of the defendants were arrested in the U.S. They were caught after allegedly using a website set up by the FBI as part of a sting operation.
NPR's Jim Zarroli reports.
JIM ZARROLI, BYLINE: FBI officials said the arrests yesterday amounted to the largest coordinated international law enforcement action in history. It involved 13 countries in North America, Asia, Europe and Australia.
"The election of muslim brotherhood presidential candidate Mohammed Morsi is another step in the balance of power counter-revolutionary process that many wrongly characterized as a revolution eighteen months ago.
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