Post Tagged with: "banking"

Payday lenders often advertise their services to the most vulnerable people in society

Beware of the loan sharks: Charity highlights predatory behaviour of payday lenders

Payday loan sharks have trapped an increasing number of Brits into unmanageable debts and new research has revealed that this problem is increasingly getting worse. In fact, a new report from the charity StepChange showed that the number of people seeking relief from payday lenders has shot up by 82 per cent. Worryingly most of those vulnerable people seeking help[Read More...]

Is Bitcoin the solution that it is cracked up to be?

Is Bitcoin the solution that it is cracked up to be?

Over the last few years, much has been said about the emergence of the Bitcoin, which is said to be going up in value. Bitcoin is a peer-to-peer payment system, which claims to operate with no central authority or banks. According to the Bitcoin website, it is open-source; its design is public, nobody owns or controls it and everyone can[Read More...]

Barclays bank blunder will cost millions to sort out

Barclays bank blunder will cost millions to sort out

It has recently been reported that Barclays bank has leaked account details of up to 27,000 files. It is seen as the worst breach of bank data ever witnessed in banking history. There has been a cache of personal and financial details stolen and then sold onto rogue traders. When they had received the information, unscrupulous dealers used this information[Read More...]

How banking institutions helped to finance the drugs industry

How banking institutions helped to finance the drugs industry

  As governments across the US and Europe continue their “zero-tolerance” policies on drugs, there is one hidden dimension of the narcotics war that is very rarely acknowledged. Over 500,000 US citizens have been locked up as part of the war on drugs, however the drugs industry is still in full swing, thanks to the intervention of the banks. HSBC,[Read More...]

Prime Minister Viktor Orban

Hungary gives the boot to IMF bankers

It has recently been reported that Hungary has paid off all of its loans to the International Monetary Fund (IMF) and has since begun the process of ejecting IMF bankers from the country. Very few countries in the world have managed to escape the clutches of the IMF, but the nation, under the leadership of Prime Minister Viktor Orban, has[Read More...]