Banks have lost close to a million customers.

Closeaccounts

Close your accounts? Sorry, can't have that. We could arrest you though.

At least 700k bank accounts have been shut down the last six weeks.

10 great stories about the bank’s statements, trapping people inside their offices, police officers telling a bank manager to “move to another country” if he has problems with free speech, and other attempts to paper over the whole thing, is here.

One bank manager was more frank though:

She shared that management is nervous, they are seeing money leaking out of the bank and realize that they have made mistakes. She even hinted that there has been high-level discussion on reversing the new fees since there has been so much consumer push-back.

Full story.

US Ivy League Universities now Second Rate for Indians.

DU

Dehli University - above the Ivies.

Times are changing – and top students in India are now resorting to US Ivy Leagues as the next best thing after rejections from the Dehli University.

From the NY Times:

NEW DELHI — Moulshri Mohan was an excellent student at one of the top private high schools in New Delhi. When she applied to colleges, she received scholarship offers of $20,000 from Dartmouth and $15,000 from Smith. Her pile of acceptance letters would have made any ambitious teenager smile: Cornell, Bryn Mawr, Duke, Wesleyan, Barnard and the University of Virginia.

But because of her 93.5 percent cumulative score on her final high school examinations, which are the sole criteria for admission to most colleges here, Ms. Mohan was rejected by the top colleges at Delhi University, better known as D.U., her family’s first choice and one of India’s top schools.

“Daughter now enrolled at Dartmouth!” her mother, Madhavi Chandra, wrote, updating her Facebook page. “Strange swings this admission season has shown us. Can’t get into DU, can make it to the Ivies.”

Full story.