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Archive for April 29th, 2009

Four killed in mystery train ‘hijack’ at Chennai station

April 29th, 2009 No comments

If you have read this hijack, check this new one:

A speeding electric suburban commuter train, suspected to have been “hijacked” by unidentified persons, rammed a goods train early this morning, killing four persons, including two of the suspected “hijackers”, and leaving 11 others injured, five in serious condition.

The crash, which took place at Vyasarpadi Jeeva station shortly before 5 am, sounded alarm bells across the railway and security establishments, fuelling rumours aplenty — the handiwork of LTTE sympathisers, a terror strike or simply an act of sabotage. Railway officials pointed out that had the incident taken place during rush hour, the casualty figures could have been very high.

via Four killed in mystery train ‘hijack’ at Chennai station.

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OCC News: School-Based Bank Savings Programs: Bringing Financial Education to Students

April 29th, 2009 No comments

Comptroller of the Currency John C. Dugan stated, “As a parent, one area of financial literacy that is especially important to me is that our children learn how to make the right financial choices before they leave home.  These school-based bank programs are productive collaborations between banks and schools that share a mutual interest in providing financial education to students eager to learn.”

The OCC encourages bank participation in financial literacy initiatives such as school-based bank savings programs.  Students involved in these programs receive “hands-on” learning, while banks gain added visibility in the communities they serve.

This Insights report explains how the various school-based bank savings programs operate and describes the potential risks and benefits, including positive consideration under the Community Reinvestment Act, that banks participating in these programs may receive.

via OCC News: School-Based Bank Savings Programs: Bringing Financial Education to Students.

Categories: Banking, Banking and Compliance Tags: