Can you survive without a bank? Many hard-pressed consumers may now be asking this after millions of RBS and NatWest customers were stranded without access to their own money – thanks to a catastrophic computer meltdown – and Barclays was fined £290m for manipulating interest rates to boost its own …
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Unhappy with Big Banks? You could Move Your Money
At Barclays headquarters in the City, the bank on Friday revealed billions in profits and hundreds of millions in bonuses to be shared among an elite pool of traders and directors. But down at ground level – and a world away from the marble and glass of the executive suites – there …
Read More »Australia’s Government is Shocked, Shocked by Bank Wrongdoing
After being dragged kicking and screaming to hold an inquiry into misconduct in Australia’s financial industry, the government is now jumping aboard the bank-bashing bandwagon as public anger at evidence of wrongdoing escalates. Among the more shocking revelations this week, the inquiry heard AMP Ltd. deliberately misled regulators over charging customers for services they didn’t receive, …
Read More »Man Buys $27 of Bitcoin, Forgets about them, Finds they’re Now Worth $886k
The meteoric rise in bitcoin has meant that within the space of four years, one Norwegian man’s $27 investment turned into a forgotten $886,000 windfall. Kristoffer Koch invested 150 kroner ($26.60) in 5,000 bitcoins in 2009, after discovering them during the course of writing a thesis on encryption. He promptly forgot about …
Read More »Man Accidentally Makes $1.3 Million Buying a House with Bitcoin
One of the main issues with bitcoin from a mainstream adoption perspective is price volatility, but a man in California recently benefited from short-term bitcoin price volatility in a major way. In a recent interview with Bloomberg Markets, Bitpay CCO Sonny Singhtold the story of how the bitcoin payment processor helped a man purchase a …
Read More »This 28-Year-Old’s Company makes Millions Buying from Walmart and Selling on Amazon
It seems too easy to be true that you could make millions by raiding the clearance aisle at your local Walmart or Target and then selling your haul on Amazon. But that’s exactly what 28-year-old Ryan Grant is doing. Only four years after quitting his accounting job in Minneapolis, Minn., …
Read More »10 Legitimate Ways to Make Money at Home
So you need a way to make money from home. Hey, join the crowd. Nearly 4 million Americans are working from home these days. That’s more than the population of Oregon, Utah or Iowa. In other words, there’s an invisible army of us clocking in and sitting down at our keyboards at …
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