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India Bank Holidays
18 Nov 2018

India Bank Holidays

by banksadmin | posted in: Banking News, Banking Tips, Other Finance | 0

Bank holidays in India vary widely depending on the state. This is because the country is culturally, ethnically, and religiously diverse. There are 3 holidays in India which are observed throughout the nation. All banks will be closed on these … Continued

UK Bank Holidays
14 Nov 2018

UK Bank Holidays

by banksadmin | posted in: Banking News, Banking Tips, Other Finance | 0

In the UK, there are six official bank holidays that are spelled out in the Banking and Financial Dealings Act of 1971 that are observed throughout the country. The six holidays are New Year’s Day, Good Friday, May Day, Spring Bank … Continued

Bank Returns Funds After Thieves Empty Account of America’s Oldest Living Veteran
29 Oct 2018

Bank Returns Funds After Thieves Empty Account of America’s Oldest Living Veteran

by banksadmin | posted in: Banking News | 0

After a thief stole the identity of the oldest living veteran in the United States and emptied his account, his bank returned his money. According to Volma Overton, the cousin of 112-year-old Richard Overton, Bank of America returned the funds and … Continued

Green Banks: A Banking Alternative for the Cannabis Industry
1 Oct 2018

Green Banks: A Banking Alternative for the Cannabis Industry

by banksadmin | posted in: Banking News, Other Finance | 0

The California Senate passed a bill that would allow state-chartered banks to offer banking services to the state’s legal cannabis industry. If the bill passes the Assembly, it would be a major step in the progress of the cannabis industry, … Continued

“Computer Glitch” That Went Unfixed for 5 Years Caused Hundreds of Bank Customers to Lose Their Homes
10 Sep 2018

“Computer Glitch” That Went Unfixed for 5 Years Caused Hundreds of Bank Customers to Lose Their Homes

by banksadmin | posted in: Banking News | 0

Wells Fargo blames faulty computer software for the foreclosure of hundreds of homes after the bank incorrectly denied them mortgage modifications. The computer error began in April 2010, was fixed in October 2015, and Wells Fargo only admitted it in … Continued

Cops Arrest Bank Robber, Then Discover He’s the Deputy Sheriff
6 Sep 2018

Cops Arrest Bank Robber, Then Discover He’s the Deputy Sheriff

by banksadmin | posted in: Banking News | 0

A Davidson County Sheriff’s Deputy was arrested and charged for robbing F&M Bank on West Main Street in Rockwell, NC. Deputy Jeff Athey calmly walked into the bank without hiding his face from security cameras. He showed a teller his … Continued

Banking Is No Longer a Financial Service: New Treasury Department Rule Gives Huge Tax Break to Banks
30 Aug 2018

Banking Is No Longer a Financial Service: New Treasury Department Rule Gives Huge Tax Break to Banks

by banksadmin | posted in: Banking News | 0

According to the Treasury Department, banking is no longer a “financial service.” With this reclassification, a new Treasury Department proposal hands huge tax breaks to banks. In 2017, the Tax Cuts and Jobs Act stated that financial services companies were … Continued

What If Banks Were Publicly Owned? L.A. Prepares to Vote
29 Aug 2018

What If Banks Were Publicly Owned? L.A. Prepares to Vote

by banksadmin | posted in: Banking News | 0

This November, voters in Los Angeles will decide whether or not to take money out of big banks and into a publicly owned bank. In June, the city council voted unanimously to add the measure to the November ballot. If … Continued

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