End in sight for Bank Century circus Asia Times | By Gary LaMoshi | DENPASAR, Bali - An investigation of Indonesia's Bank Century, which required a bailout in 2008 that eventually climbed to 6.7 trillion rupiah (US$720 million), has been taken up by the quasi-independent Corruption Eradication Commission (KPK), a move that should end the politica...
Banking fraudsters 'switch to raiding online accounts' BBC News | Fraudsters are continuing their switch from traditional card fraud to raiding online bank accounts, according to new research. | Fraud losses on UK credit and debit cards totalled £440m in 2009 - a drop of 28% compared with the previous year - the UK Cards Association said. | But the number ...
Banking fraudsters 'switch to raiding online accounts' BBC News | Fraudsters are continuing their switch from traditional card fraud to raiding online bank accounts, according to new research. | Fraud losses on UK credit and debit cards totalled £440m in 2009 - a drop of 28% compared with the previous year ...
Former cab driver convicted of £34m Ponzi fraud The Times | A company director who tricked thousands of people out of their savings by promising them a fivefold return on their investment was convicted yesterday of a £34 million Ponzi fraud. | Kevin Foster was remanded in custody to await sentence next mont...
AIG subsidiaries settle discrimination charges The Times | Two subsidiaries of American International Group (AIG) agreed to at least $6.1 million to settle allegations that they discriminated against African-American borrowers. | According to the complaint filed against the companies in a Delaware court, A...
Don't be confused, cost of insurance is going up The Times | You may be a safe driver, have no points on your licence and have never had an accident, but the chances are your car insurance still went up by about 12 per cent last year. | And, according to Henry Engelhardt, chief executive of Admiral, the pric...
Check this out: Deposit money by taking a photo Newsvine NEW YORK — In the near future, you might not even have to visit a bank or an ATM to deposit a check. You'll simply snap a couple of photos of it with your cell phone. | Appli...
Former UBS Banker Settles Insider Trading Claims The New York Times | A former senior executive at the Swiss banking giant UBS has agreed to pay a $2.75 million settlement to resolve claims of insider trading in auction-rate securities, the New Yor...
Cheques to have even more security features: RBI The Siasat Daily | Mumbai, February 24: Cheques will have more security features like water marks and invisible logo with the Reserve Bank of India (RBI) deciding to ask banks to take additional measures to prevent forgeries and frauds. | Besides additional security ...
Summary Box: Cell phone apps for check deposits Syracuse | (AP) - BANKING BY PHONE: Soon, you might not even have to visit a bank or an ATM to deposit a check. You'll simply snap a couple of photos of it with your cell phone. | COMING THIS YEAR: Chase, Bank of America and Citibank are among the banks plann...
Cell phone photo apps let you bank money without waiting in line or filling out ... Star Tribune | NEW YORK - In the near future, you might not even have to visit a bank or an ATM to deposit a check. You'll simply snap a couple of photos of it with your cell phone. | Applications to do just that are already available for Apple's iPhone and other...
Obama Tells Haitian Leader That U.S. Aid Will Continue The New York Times | WASHINGTON — Even as the United States military withdraws the forces it sent urgently to Haiti after its devastating earthquake in January, President Obama on Wednesday pledged a lasting commitment to aid and assistance. Win McNamee/Getty Images | President Barack Obama with President Rene Preval of Haiti during a news conference outside th...
Ocampo jumps on Villar slip, denies link to NPA Inquirer | MANILA, Philippines—Senatorial candidate Satur Ocampo, a party-list representative of the militant Bayan Muna, Wednesday denied having any 'organizational links' with the communist New People's Army (NPA). | Ocampo said he could not understand why Sen. Manuel Villar, the presidential candidate of the Nacionalista Party (NP) under which Ocampo is ...
