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Bank accounts News

'Banking for everyone' in India stumbling for want of deposits

New Delhi - Indian Prime Minister Narendra Modi's plan to end "financial untouchability" and bring banking to all the country's households has come up against a financial stumbling block. Of the millions of accounts opened, over 53 percent have never been used.

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".

Germany considers purchase of list of Swiss bank account holders

Authorities in Germany, including the country's Chancellor Angela Merkel, indicated on Monday that they were considering purchasing from a former employee of HSBC in Geneva a list of German taxpayers who have money deposited in Swiss bank accounts.

Information of 21M German Bank Accounts Bought Off The Black Market

According to a German magazine, the details of twenty-one million German bank accounts was bought off the black market. It has caused a stir amongst authorities.

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Some people are saying banks sorely need more direct transfer of subsidies  as well as banking produ...
Some people are saying banks sorely need more direct transfer of subsidies, as well as banking products catering for the needs of the urban and rural poor, to get more people to use their accounts.
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