$1 million bill used to open account
The bank involved in this must have thought that they were on “You’ve Been Framed” or something. So this is what happened. A man walks into a bank in Augusta, Georgia in the States hands over a dollar bill and says “Can I open an account please?”
Of course there is nothing wrong in that, [...]
Finger prints to replace credit cards
If you are one those people that hates handing over your credit card in a store because of the potential for fraud, then there may be a solution to ease your fear.
There is a new technology that has been very successful in Germany where all you are going to need is your fingerprint!
This will [...]
How to stop the vultures
There is nothing worse when you see someone getting old, maybe they are in a home or something but one thing is for sure, as soon as they take a turn for the worse or in some cases sooner, the vultures begin to circle.
This is exactly what happens to one grandma, she was so fed [...]
$1 million painting found in rubbish
A rare oil painting by the famous Mexican artist Rufino Tamayo was found with some rubbish by a skip by the road on Manhattan’s Upper West Side by New Yorker Elizabeth Gibson, she originally past it by, but something inspired her to go back and get it.
After a bit of research she learned that the [...]
UK pension worst in Europe
In a study produced by the consulting company Aon looking into the state pension, has shown that it will only cover a mere 17% of the average earnings for the pensioner! This is embarrassingly low compared to the rest of Europe where the average over all European countries is 57% of the average earnings. Even [...]
November 20, 2007Low borrowing rocks the global markets
The global financial markets are in a dire position, the melt down which stated in the States is spreading around the world and every time there is a slight bump the whole industry flinches. Given that the property values have not really been entered into the equation, there is a very delicate situation.
With all of [...]
Disney takes on Premier League
The financial might of the Disney Corporation is coming to the Premier League, by taking over Derby County, the struggling team that without any help may possibly be relegated or so the story goes!
Why an American corporation like Disney who have revenues of $34.3 billion dollars would want to invest in a minor club like [...]
Barclays write off £1.3 Billion
The UK’s number one bank saw its shares fall after announcing that they would be writing off almost £1.3 billion of bad debt. This figure includes a massive £800 million loss that resulted from the now infamous US “Sub Prime” crisis in October, the other £500 million had accumulated over the third quarter of trading, [...]
November 14, 2007The UK’s inflation worries
Inflation we have lead to believe was under control, and yet the annual output price inflation has risen from 2.8% to 3.8%, this is the highest rate in twelve years! Food, chemicals and petrol are said to be the main reason for this, but considering the former Chancellor of the Exchequer is now the PM, [...]
November 13, 2007That’ll do nicely
With hundreds of credit cards around it is easy to get put into a category, there are so many with different logos, images and designs on, unlike in the early days of credit cards when there were only a few which all had their own sort of status attached to them. But today is so [...]
November 12, 2007Bad news from banks this week!
The financial markets in the States are bracing themselves for some bad banking news this week as the banking sector will be reporting on its forth quarter, it is estimated that there may be as much as $20 billion in loses. This is due to the anticipated problems with the mortgage based loans and other [...]
November 8, 2007Banks put pressure on credit card users
Surprising as it may seem, in the past two months or so the banking industry has added nearly 125 different rate increases and other fees in order to obtain even more money out of their customers. This coupled with the fact that there has been a huge increase in the amount of credit card applications [...]
November 6, 2007Money expert’s site attacked
The man who likes to save us all money by informing us how to complain properly has seen his site recently suffer from an attack which caused a massive denial of service meaning that effectively the site was down for a number of hours.
Now when you have a campaigner or crusader who battles against insurers, [...]
Store loses $10m to Phishers
It seems that it’s not just the general public who get scammed by phishers, in the states one of the big supermarket chains has also suffered at the hands of a phishing email.
Supervalu Inc have conned out of more than $10 million, by transferring the cash into two accounts that had been set up just [...]
Consumers set to borrow for Christmas
The pressure is on consumers this coming festive season, as normal there will be a rush to borrow money for the season, or alternatively they maybe planning to use their credit cards to pay for everything and then worry about the cost afterwards.
But with interest on mortgages being high, this will add to the financial [...]