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Stories Tagged With Banks

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6 Pikks

Researchers crack code used by banks, defense

In the attack, the researchers used bright illumination to dazzle the photon detectors. The detectors were fooled by classical laser pulses superimposed over the quantum signal, the researchers said in a letter to Nature Photonics. According to the researchers, the attack will work for most QKD systems that use avalanche photodiodes, which are semiconductors that convert light to electricity. Most QKD systems use avalanche photodiodes.
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SAD

4 Pikks

Man IDs himself in robbery note, captured by bank customer

Floyd Francis said in the note that he wanted to rob the bank without a weapon because "I am a son of God." He wrote that he goes by the name YungSoulji and provided the address of his MySpace.com page. Later, at the Police Department, he said Jesus told him to "go get money this morning, today."
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MEH

6 Pikks

We made $8 billion on the Citibank bailout

Of that $45 billion, $20 billion was paid back by Citigroup to the Treasury and $25 billion was converted to common stock. That stock is now worth around $33 billion, netting the government an expected $8 billion profit.
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MEH

8 Pikks

Gang robs German poker tournament live on TV

A group of robbers wielding machetes and handguns stormed a Berlin poker tournament Saturday -- escaping with as much as $1.1 million in a stunt that was captured by German television cameras.
Tags: Banks Poker Heist
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YES

NO

6 Pikks

Did Citibank shut their account b/c they're gay?

Fabulis
What does your gut tell you? "In a bit of strange and disturbing news, fabulis discovered today that someone(s) at Citibank had decided arbitrarily to block fabulis’ bank account due to what was described to us on the phone as “objectionable content” on our blog. In fact, the account — it turns out — was blocked a few days ago without anyone letting us know about it by phone or email."
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MEH

5 Pikks

Shon Hopwood, Mediocre Criminal Turned Top Jailhouse Lawyer

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Mr. Hopwood spent much of that time in the prison law library, and it turned out he was better at understanding the law than breaking it. He transformed himself into something rare at the top levels of the American bar, and unheard of behind bars: an accomplished Supreme Court practitioner.
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7 Pikks

Texas Bank Sues Customer Hit by $800,000 Cyber Heist

According to a Nov. 12 memo that Owens said PlainsCapital shared with him, the institution’s commercial banking platform requires that each customer not only enter a user name and password, but also “register” their computer’s Internet address by entering a secure access code sent to the e-mail address on file for the customer.
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7 Pikks

Obama considers new fee on banks to help get our $700B back

The budget that President Obama submits next month is likely to include new fees on financial firms as the White House seeks to recover the full costs of its $700 billion bailout of the banking industry, officials said.
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5 Pikks

AG demands bank bonus info from bailed out banks who have repayed

(... in an effort to prevent another meltdown) In letters sent Monday to Bank of America, Bank of New York Mellon, Citigroup, Goldman Sachs, J.P. Morgan Chase, Morgan Stanley, State Street Bank and Wells Fargo, Cuomo requested information on the size as well as the structure of the planned payouts, how they would be allocated and any features such as clawbacks of bonuses that are meant to rein in reckless behavior that Washington regulators have said played a role in the financial meltdown.
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5 Pikks

Judge erases Long Island couple's $525,000 debt

The judge blasted the bank for refusing to work with the couple and for apparently misleading him about the dollar amounts at stake in the case. He also lambasted the bank's treatment of the couple over months of hearings. Spinner said the bank "must be appropriately sanctioned so as to deter it from imposing further mortifying abuse."
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1 comment (last by bowlofsoup)
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8 Pikks

USAA Bank Will Let Customers Deposit Checks by iPhone

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USAA, a privately held bank and insurance company, plans to update its iPhone application this week to introduce the check deposit feature, which requires a customer to photograph both sides of the check with the phone’s camera.
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42 Pikks

Bank teller fired for chasing and aprehending bank robber

After more than two years working as a teller at the Key Bank branch in Lower Queen Anne, Nicholson clearly understood the bank's strict policy of quickly complying with robbers' demands and avoiding confrontation. Instead, Nicholson threw the bag to the floor, lunged toward the robber and demanded to see a weapon. Surprised, the would-be bank robber backed up and then bolted for the door, with Nicholson on his heels.
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4 comments (last by kapauldo)
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