Source: MarketWatch
Three bank failures in Puerto Rico on Friday raised the tally of failed U.S. banks for the year to 60, according to the Federal Deposit Insurance Corp. Puerto Rico’s Westernbank will be taken over by Banco Popular de Puerto Rico; Eurobank will be taken over by Oriental Bank and Trust; and R-G Premier [...]
Watch your top knot…
Mr Troy estimated that criminals took about $40m from bank accounts this year, primarily targeting the small and mid-sized businesses that are themselves customers of small and mid-sized banks.
Such banks and their clients were less likely than their biggest competitors to have the highest-grade security procedures.
Source/Full Story: FT.com
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A must-read piece from Mail Online.
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