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.
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".
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.