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Showing posts with label banking. Show all posts
Showing posts with label banking. Show all posts

Friday, May 7, 2010

Secret Service: ATM Card Skimming 5 Times Higher This Year

ATM skimming is approaching a billion-dollar issue. ATM skimming is happening coast to coast and there seems to be no end in sight. Skimming devices have been found recently at ATMs at a Bank of America in Daytona Beach and one weekend last month people came and went from the automated teller machine outside a Chase Bank in Escondido, California. They slipped in their cards, took their money and left.

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Wednesday, May 5, 2010

ANOTHER REASON FOR PEOPLE TO LOATHE WALL STREET.

Just like Oliver Stone's first Wall Street movie was supposed to expose the dirty world of banking and instead inspired millions to become i-bankers and hedge fund managers, now Fabulous Fab's is the story of an awesome career, at least according to Newsweek.

The magazine sent a writer down to Wall Street bars during happy hour to find out what financiers' opinions are of Fab.
Turns out, they think he's fantastic. Apparently one guy said he's a hero for "masterminding" ABACUS. And another said he's just a political scapegoat. All of them agreed The Fab Tourre was simply doing his job and doing it well.
Wall Street historian Charles Geisst told Newsweek that Tourre will spawn a million followers who want careers just like his, sans the fraud charge.
So apparently everyone on Wall Street disagrees with our thinking that Fab is a loser.

Rioters kill three bank workers in Athens protests as EU warns Britain's debt crisis will be worse than Greece's

Three bank workers died in a blaze at their Athens office block today after violence broke out in a mass demonstration against Greece's government.

Greece ablaze: A riot policeman falls after being hit with Molotov cocktail near the Greek parliament in Athens as demonstrations turned violent todayGreece ablaze: A riot policeman falls after being hit with Molotov cocktail near the Greek parliament in Athens as demonstrations turned violent today
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Saturday, May 1, 2010

MORE AMERICAN EXPATRIATES GIVE UP CITIZENSHIP

 
WASHINGTON — Amid mounting frustration over taxation and banking problems, small but growing numbers of overseas Americans are taking the weighty step of renouncing their citizenship.
“What we have seen is a substantial change in mentality among the overseas community in the past two years,” said Jackie Bugnion, director of American Citizens Abroad, an advocacy group based in Geneva. “Before, no one would dare mention to other Americans that they were even thinking of renouncing their U.S. nationality. Now, it is an openly discussed issue.”
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