Roving Tellers Spread Banking To India's Hinterland

Roving Tellers Spread Banking To India's Hinterland

Human ATMs are traveling from village to village in India, sometimes by rickshaw, armed with computer gear and taking deposits. They’re part of a state-wide initiative to spread banking to the vast rural population that normally has no access to it. [More]

Bank Of England Cuts Interest Rates, Lowest Since 1694

Bank Of England Cuts Interest Rates, Lowest Since 1694

Remember 1694? No? Well, the Bank of England has cut the benchmark interest rate “to the lowest since the central bank was founded in 1694 as policy makers tried to prevent the credit squeeze from deepening Britain’s recession,” says Bloomberg.