A China-born Singaporean associate director at Standard Chartered's private banking business has been detained by authorities in Shanghai and transferred some 125km away to the city of Wuxi in Jiangsu province. more ›

The Zhejiang city of Yongkang (永康) recently witnessed a series of attacks from a helmeted brick-wielding thief, who robbed his victims while they were depositing and withdrawing money from the city's ATM machines. more ›

That partnership we all hoped would one day somehow magically lead to easier bank account transfers back home is now a great deal smaller. Bank of America announced their plan on Monday to sell $8.3 billion worth of its China Construction Bank shares (about half of their 10% stake in the company) in a effort to boost capital. CCB's Hong Kong-listed shares rose more than 4% in wake of the news. BoA's shares also went up, but that probably had more to do with Warren Buffet's recent $5 billion investment in the bank. more ›

Start off your week with something we all enjoy watching: colossal failure. Watch this dude walk into a Tianjin bank, don a face mask, then proceed to slowly bash a hole through the bulletproof glass with a hatchet. By the time he's finished, the bank employees have fled and the cops have arrived. We like one netizen's description translated by MoT: “the coolest robber, the crappiest strategy, the most audacious mind and the most miserable ending.” more ›

During a routine trip to Bank of China to send money back to the fatherland, we discovered that the former ceiling on funds that can be sent in one day - $500, without exhaustive documentation from one's employer - has been raised in conjunction with Expo. Customers can now send up to $1,500 per day to foreign bank accounts. As was the case before, an administrative commission of RMB 200 applies, though as much as $10,000 can be sent (over a period of several days, naturally) before a second fee is applied. At this time, it's unknown as to whether these changes will expire once the Expo ends, but we plan on transferring as much dough as possible prior to November 1, just in case. more ›

We usually spend what change we have on beer (lord knows how many Kedis have had to deal with us meticulously counting out three kuai in one jiaos at 3 in the morning), but in case you're not major midnight inconveniences like us and you've saved up buckets and buckets of coins, a reader has sent in a pretty good tip: more ›

The ATM at our local ICBC bank on the corner of Huaihai Zhong Lu and Xingguo Lu has a very fancy name: "Cash Recycling Machine". We're half tempted to try what this guy did and see if it will take our fake notes. more ›

Security cameras at an ATM belonging to the Agricultural Bank of China in Zhengzhou, the Henan provincial capital, have captured a crime in action committed by a (not too intelligent) young man in a suit. Upon withdrawing some cash, the man did not take his money immediately, but instead swapped one of the RMB100 notes with a fake one from his pocket and, if we're understanding this correctly, fed it back into the machine and got a new note in exchange for it! The ATM, like many other ATM's across China could not tell real notes from fake notes. Bank employees, on finding the fake note, immediately made a police report, and the young man was nabbed on his next attempt to trick the ATM. The young man told police that he had heard from his friends that ATM's would take in fake notes and give new ones in return and so proceeded to try his luck. The police spokesperson said this guy was guilty of "severely disrupting the banking and financial system of our nation". more ›