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> I have never heard of a bank simply taking money from someone’s account. If a bank did something like that, they would be hauled into court in no time and los
by stagas 6y ago
> I have never heard of a bank simply taking money from someone’s account. If a bank did something like that, they would be hauled into court in no time and lose their license. Technically it’s possible; legally, it’s a death sentence.
cough Cyprus.
https://en.wikipedia.org/wiki/2012%E2%80%932013_Cypriot_financial_crisis https://en.wikipedia.org/wiki/2012%E2%80%932013_Cypriot_fina...
- redis_mlc 6y agoWells Fargo has been involved in a multi-year scandal over deducting millions of fake fees, to inflate their stock price. Fined $3 billion so far: https://en.wikipedia.org/wiki/Wells_Fargo_account_fraud_scandal https://en.wikipedia.org/wiki/Wells_Fargo_account_fraud_scan... How it worked was the top executives set targets for tellers to meet, or the tellers were fired. To meet the targets, tellers had to upsell clients whether the clients wanted the service or not. It's kind of like how cable companies, etc. pretend to not hear cancellation requests, but Wells Fargo was actively doing fake transactions.