- More than 1,000 bank depositors in China gathered in front of the People’s Bank of China building in the city of Zhengzhou in Henan province to protest as early as 4 a.m. on Sunday.
- Chinese authorities violently stopped the peaceful protest. Security officers reportedly threw bottles and small objects at the protesters, causing the scene to result in chaos.
- The protesters are among the customers who opened accounts at six rural banks in Henan and are demanding their life savings back from banks that are experiencing a worsening cash crisis.
- The customers were left fighting for their money back after the the CEO of the bank’s parent firm was reported wanted for financial crimes in April.
- The protesters were taken to detention sites across the city.
- The Henan banking regulators posted a statement on their website, claiming that authorities are speeding up efforts to verify information on customer funds at the four rural banks.
Chinese authorities violently stopped a peaceful protest by bank depositors who were demanding their life savings back from banks that are experiencing a worsening cash crisis.
More than 1,000 depositors in China gathered in front of the People’s Bank of China building in the city of Zhengzhou in Henan province as early as 4 a.m. on Sunday.
An assistant bank manager at Kotak Mahindra Bank was fired over a comment he made about Asifa Bano, the 8-year-old gang rape and murder victim from Rassana village in Kathua, India.
Vishnu Nandakumar, who previously worked as an assistant manager at the bank’s Kochi branch, posted a now deleted comment on his Facebook account, saying it was “good that she was killed at this age itself. Else, she would have grown up and returned throwing bombs in India,” according to NDTV.
The Malaysian student who splurged on $3.4 million worth of designer goods after her bank accidentally gave her a virtually unlimited overdraft is now completely off the hook after no deception was proven on her part.
Back in 2012, 21-year-old Christine Jiaxin Lee’s Westpac bank account got an unlimited overdraft due to a processing error. When the Sydney University engineering student realized in July 2014 that she had access to an unlimited amount of cash, she spent the next 11 months on a multimillion-dollar spending spree.
Two men accused of “bank jugging” in Houston were arrested by the authorities after they followed a Middle Eastern man from a bank to the nearby business district on Richmond.
Jamarcus Wilson and Ricky Harrell, both 21, were caught by Houston police last Wednesday, Click 2 Houston reported. According to the police, the duo’s targets were people from Middle Eastern, South Asian, Vietnamese and Chinese local communities.
The United States has blocked all financial ties with a Chinese bank suspected of aiding North Korea’s nuclear program.
The move against the Bank of Dandong was announced by the Treasury Department on Thursday, maintaining that the firm will not access the American financial system either “directly or indirectly”.
A woman from China was caught pouring soda on a bank ATM believing that by doing so, she could get her money back.
South China Morning Post reported the incident with the woman from southern China who was caught pouring soda on the ATM after she was tricked in believing it would help get her money back.
A Chinese bank employee is being hailed as a hero after risking his life to save a female customer from a robber who put a knife to her neck.
The hostage incident took place at an Agricultural Bank of China in Nanning, Guangxi Province, on Friday, Shanghaiist reported.
A Chinese man became an instant billionaire after one bank’s huge mistake — though only for few hours.
On Saturday, the man, surnamed Liu, opened his account at a Rural Commercial Bank in Changsha, Hunan Province.
What would you do if you wake up one day and find millions in your used-to-be empty bank account? Well, an Indian woman has been trying to figure out how she will deal with the millions strangely deposited to her account.
Uttar Pradesh-based Sheetal Yadav said that she got the biggest surprise when she walked to an ATM machine one day and found out that she had $15 million in it. Yadav even asked the person next to her to double check and see if what she was seeing is true. She also made attempts to check her balance in other machines in town hoping that it will show her true bank statement.
Chinese authorities arrested a man who made a very ill-conceived attempt to rob a local bank early on Christmas morning.
The unnamed 29-year-old amateur thief was apparently planning to use an excavator to steal some cash by dismantling some of the ATMs at a branch of the China Construction Bank in Meizhou, Guangdoing province.
A woman from Chicago was told by the bank that her deceased mother’s bank account had a negative balance of $99 billion.
With her name listed on her mother’s savings account, Sheila Henderson contacted Chase Bank to check its balance so she could pay for her mother’s funeral expenses. The response she got took her by surprise.
This picture of a woman standing by an ATM machine may look like something out of “Alice in Wonderland,” but it’s actually a joke in real life pulled off by the the Bank of Montreal. The bankers thought it would be funny to build an ATM machine for basketball players for the NBA All-Star weekend in Canada with a message on the machine that reads: “The NBA All-Stars Are Coming.”
Instead of having to crouch down to use the average machines that everyday folks use, basketball players can now deposit and withdraw their money at a comfortable height.