Bank customers in 'dire poverty'

Banks are accused of leaving some customers in "dire poverty" after taking money out of their accounts without permission.

Banks leave some customers in 'dire poverty'

High Street banks have been accused of leaving some customers in "dire poverty" after taking money out of their accounts without permission. Banks can move cash between different accounts belonging to the same person, and only have to tell them afterwards.

Lehman Brothers, AbitibiBowater, Black Crow, W Union Square: Bankruptcy

Lehman Brothers Holdings Inc. said yesterday that it will invest another $1 billion in its two non- bankrupt bank subsidiaries, Aurora Bank FSB and Utah-based Woodlands Commercial Bank.

Lax Basel III Rules to Spur Further Bank Consolidation, Meaning More TBTF?

The “lax” is clearly a tad inflammatory, but tweaks in Basel III rules to allow dubious quality items like mortgage servicing rights as Tier I capital speak volumes. In addition, the various noises from policy makers makes clear that they aren’t willing to make banks raise capital level by much due to fears of the [...]

Gold & Investement in Failure

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