banks
Bank Repossesses Wrong House, Sells Off Homeowner's Stuff
Neetzan Zimmerman · 07/24/13 08:14AMHamilton Nolan · 07/16/13 08:53AM
Cancer Patient Mistaken for 'Surgical Mask Bandit,' Who Also Exists
Caity Weaver · 07/03/13 04:03PME.U. Demands Cypriots Pay Up
Max Read · 03/18/13 07:30AMEurozone finance ministers are demanding a one-time levy on bank deposits of all sizes—even on insured accounts—as part of a bailout package for Cyprus, which is teetering on the brink of bankruptcy. Cypriots sprinted to banks and ATMs this weekend, waiting in long lines to withdraw cash after hearing about the plan on Saturday; if approved by Cyprus' parliament, it would mark the first time ordinary European depositors would be asked to take a haircut for a bailout plan. The levy would take 6.7 percent for deposits of less than 100,000 Euros and 9.9 percent for those above, and while more progressive plans have been floated, as it stands right now "[t]his is a conscious choice to make poorer people pay to help richer ones," The Financial Times writes. Why lean on the little guy? In all likelihood to preserve the island nation's status as an offshore haven for, in particular, Russian businessmen. Still, the tax is far from being assured: it's unclear whether President Nicos Anastasiades has the necessary majority to approve the plan, and the vote has been delayed until tomorrow. [Financial Times | NYT | Reuters | image via Getty/AFP]
Big Banks Going Offshore to Rip People Off
Max Rivlin-Nadler · 02/24/13 02:30PMWells Fargo Lets Ginger Customer Put Photo of Ginger Cat on His Debit Card Because, Hey, Close Enough [UPDATE]
Neetzan Zimmerman · 02/12/13 02:15PMMan in Mitt Romney Mask Robs Same Bank Robbed by Hillary Clinton-Masked Robber
Max Read · 12/14/12 11:07AMCitigroup to Cut 11,000 Jobs Just Before the Holidays
Robert Kessler · 12/05/12 12:23PMBank of America Is Now Stealing From Child Actors, Allegedly
Taylor Berman · 09/20/12 09:06PMAccording to a recent class action lawsuit, Bank of America has been illegally withdrawing money from bank accounts set up for child actors. Apparenty, there's a statute called Coogan's Law, named after a former child actor who would later play Uncle Fester on the original "Adams Family," which requires employers to set aside 15 percent of a child actors' gross pay in a trust that's only accessible once the kid turns 18.
'Plain Jane Bandit' Has World's Worst Criminal Nickname
Caity Weaver · 08/03/12 10:23AMBank of America Declares Living Customer Dead for Three Years
Max Read · 03/14/12 12:30PMGoldman Exec, Ping Pong Star Quits with Brutal Rant in The New York Times
Max Read · 03/14/12 09:19AMThere is no better way to quit your job than by unloading on your former employer in the pages of the country's paper of record, and for that if nothing else we salute (former) Goldman Sachs executive director Greg Smith, who has a Times Op-Ed today entitled "Why I Am Leaving Goldman Sachs." Spoiler alert: it's because the firm is filled with "morally-bankrupt" sociopaths.
Here's the New Way ATMs Will Screw You
Max Read · 01/16/12 02:16PMPresident Obama May Deliver His Convention Speech at Bank of America Stadium
Jim Newell · 01/12/12 05:25PMHow Can We Make Wall Street Recruiting 'Cool' Again?
Hamilton Nolan · 11/30/11 03:10PMAdd this to the list of Wall Street's problems: kids these days don't think banks are "cool" any more, for some reason. (Kids. You know?) The NYT says that even Yale kids are protesting when Morgan Stanley comes to campus to recruit their peers who know how to pick out a decent suit, which is probably... the best thing Yalies have ever done.