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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…

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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