Bank News

850 further job cuts announced by Lloyds bank

Lloyds Banking Group announced that it plans on cutting 850 more jobs, as well as closing down a large office located in Essex.

In the Media by Owen Weldon

Op-Ed: Spaghetti sauce can be used as a weapon to rob a bank

Robbers usually tend to bring guns and knives to a bank robbery. They are the robbers' go to weapons when they want to send a message across or create a threat. What about spaghetti sauce?

In the Media by Jonathan Lam - 5 comments

Clients of Bank of Cyprus could lose up to 60% of their savings

Nicosia - Depositors with more than 100,000 euros in their Bank of Cyprus accounts could now possibly lose up to 60% of their savings.

In the Media by Anne Sewell - 11 comments

Lower banking fees for South Africans

Finweek Magazine reports on their investigation of tariffs asked by South Africa's four biggest banks, and the reasons why some are more affordable than others.

In the Media by Matthew Hendricks - 1 comment

Cyprus/Troika agree to 20% tax on deposits of over 100,000 euros

Nicosia - Following negotiations between Cyprus and the Troika, a 20% tax is to be taken from deposits of 100,000 euros and more held in the Bank of Cyprus, and 4% on deposits over 100,000 euros held at other banks. (Video update.)

In the Media by Anne Sewell - 13 comments

Man in Mitt Romney mask robs Virginia bank

A man wearing a Mitt Romney mask robbed a Wells Fargo bank branch in Sterling, Va., on Thursday morning, reports say. The same bank location was robbed in 2010 by a man in a Hillary Clinton mask.

In the Media by JohnThomas Didymus - 1 comment

Man robs bank the same day he is released from jail

Christopher Franklin Weaver, 33, has found himself back in prison after he allegedly robbed a bank, just 55 minutes after being released from jail.

In the Media by Owen Weldon - 2 comments

Another British bank accused of money laundering

New York - Standard Chartered bank has been accused by New York bank regulators of hiding more than 60,000 transactions for Iranian banks and corporations. The New York State Department of Finance Services (FDS) characterised the bank as a "rogue institution".

In the Media by Steve Hayes - 6 comments

Op-Ed: This little piggy goes to the bank

Everyone has or has had a piggy bank in their life, but now piggy bank takes on a whole, new meaning as one piggy literally went to the bank. Fortunately, it did not take any money with it.

In the Media by Melissa Horrocks

Want to close your bank account? It'll likely cost you

Banks have been angering people for a long time now and there might be just one additional reason to add to the list. A new survey has found banks are charging fees to consumers wanting to close their accounts, along with a few other "hassles".

In the Media by Leigh Goessl - 11 comments

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Jaydip Chakrabarti

The Chief Minister of Tripura, Mr Manik Sarkar (left) is attending a program along with the Reserve Bank of India (RBI), Dr D Subbarao (right). Tripura is a tiny State of India located in North Eastern part of the country.

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