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Putin signs ban on foreign bank accounts into law
Russian President Vladimir Putin signed into a law on Tuesday a ban on top officials and their families holding foreign accounts in a bid to improve a government image left tarnished by a tax scandal and economic slowdown. But the measure is a watered down version of the original bill…
Swedish government considers law to put financial blocks on kids’ smartphones
The Swedish government said Wednesday it was considering introducing a law to prevent children from emptying their parents’ bank accounts in just a few clicks when playing with their smartphones. “It isn’t okay that children can subject their parents to financial ruin with just a few clicks on their phone,”…
Cybercriminals branch into fully automated bank heists
The latest in cybercrime? Fully automated bank heists (via The Christian Science Monitor) Cybercriminals are trying something new at the bank: fully automated online heists. In a new twist on a familiar online banking cybercrime threat, computer criminals are rolling out a new system targeting businesses’ and high-net-worth individuals’ bank…
U.S. charges Swiss bankers for hiding $1.2 billion
NEW YORK — Three Swiss bankers were indicted in the United States Tuesday, accused of hiding $1.2 billion in assets of US clients seeking to avoid declaring their full wealth to tax authorities. The bankers, Michael Berlinka, Urs Frei and Roger Keller, were accused of “conspiring with US taxpayers and…
Banks are vampires
Wow, Bank of America is getting rid of its overdraft fees on debit cards. This is how little I trust commercial banks: I’m sure there’s a rub. I’m sure they’ve found a secret, special way to screw customers that live paycheck to paycheck, and this is all just a P.R.…
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