Japanese Bank Executives Vow to Pay with Their Lives if Found Guilty of Irregularities
Shikoku Bank’s leadership has come up with a bizarre way of reassuring clients of its commitment – promising to pay with their lives if found guilty of ‘financial irregularities’. Banking executives are always held to high ethical standards, considering that they handle the wealth of thousands, sometimes millions of people, but while they face serious […]
America’s Smallest Bank Has Just Two Employees, No Transaction Fees
With just $3 million in assets, two employees, no ATM, no website, and no transaction fees, Kentland Federal Savings and Loan is the smallest bank in America, and it’s been around for over 100 years. You’ve most likely heard of America’s banking giants – JPMorgan Chase, Morgan Stanley, Citigroup, Wells Fargo, and the Bank of […]
Scammers Convince Man to Send Them His Savings And Set Fire to a Bank
A Russian man was recently arrested after allegedly being tricked into throwing a Molotov Cocktail in a Moscow bank by scammers who also relieved him of his life savings. A few days ago, Moscow police arrested a 48-year-old man from Ruza, a town in the Moscow region of Russia, for allegedly throwing a Molotov cocktail […]
Man Whose Smartphone Got Stolen Forced to Pay Bank Loan He Did Not Take
A Russian man is taking a bank to court for forcing him to pay interest on a loan he never asked for, after fraudsters used his stolen smartphone to take out the pre-approved loan in his name. Vladimir Volokhovich, from Moscow, has been making news headlines in his home country of Russia after finding himself […]
‘Robin Hood Banker’ Steals From Rich Clients to Help the Poor
Gilberto Baschiera, the former manager of a bank in Forni di Sopra, a small town in Italy’s Dolomite Alps, has been nicknamed the “Robin Hood Banker” for taking around €1 million ($1.15 million) from rich savers’ accounts, over several years, to help poor people qualify for loans. It all started in 2009, at the the height of the […]
Hard Currency – Italy’s Unique Cheese Banks
Cash-for-cheese sounds more like a joke that a serious financial agreement, but in some regions of Italy it’s a reality. The famous Parmesan is so precious that some banks are willing to keep the cheese as collateral against loans to local producers. The Credito Emiliano bank has hundreds of branches and thousands of employees around central […]
Banking Is Child’s Play – Indian Street Kids Create Efficient Financial System
They say the banking system is very complicated, but try telling that to a bunch of Indian street kids who set up a model bank with tens of branches all over South-East Asia. In order to save money for a brighter future, a group of Indian children have created their own bank, where they can […]