Tag Archives: Bank

For Sale: Bank Vault Swimming Pool

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James Edition, “the world’s luxury marketplace” is selling an original Swiss bank vault packed full of Swiss 5-cent coins, for the Scrooge McDuck aficionados out there:

The bank safe swimming pool containing 8 Million real Swiss coins is currently located in Basel, Switzerland. This is the original bank safe from the former “Schweizer Volksbank” and known to be one of the finest Swiss piece of craftwork in the early 20th Century. It is in very good shape and still usable as a bank deposit safe. It will be removed from it’s original location and be replaced anywhere in the world. You’ll freely decide what happens with it.

Product Link   [James Edition]

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Robbing Banks is a Crappy Way to Make a Living

A study commissioned by the Royal Statistical Society and American Statistical Association has offered me some very disappointing news: robbing banks isn’t a very good way to make a living. They even described the returns as ‘rubbish’. In a summary of the paper, John Timmer writes:

The basic problem is the average haul from a bank job: for the three-year period, it was only £20,330.50 (~$31,613). And it gets worse, as the average robbery involved 1.6 thieves. So the authors conclude, “The return on an average bank robbery is, frankly, rubbish. It is not unimaginable wealth. It is a very modest £12,706.60 per person per raid.”

“Given that the average UK wage for those in full-time employment is around £26,000, it will give him a modest life-style for no more than 6 months,” the authors note. If a robber keeps hitting banks at a rate sufficient to maintain that modest lifestyle, by a year and a half into their career, odds are better than not they’ll have been caught. “As a profitable occupation, bank robbery leaves a lot to be desired.”

Worse still, the success of a robbery was a bit like winning the lottery, as the standard deviation on the £20,330.50 was £53,510.20. That means some robbers did far better than average, but it also means that fully a third of robberies failed entirely.

Economists Demonstrate Exactly Why Bank Robbery is a Bad Idea   [ArsTechnica]

How to Rob a Bank

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Follow the link to a summary of the (so-far) successful bank robbery in Sweden, that reads more like an action film than a real-life robbery. Here’s the best part, from the CNN report:

Swedish police couldn’t pursue the thieves because a bag marked “bomb” had been placed outside the police heliport, and officers had to deal with the bag before they could enter the heliport. It is unclear whether the bag contained a bomb.

How To Rob a Bank [The Punch]

Put Up Your Soul as Collateral in Latvia

soul loan

A Latvian firm named Kontora is offering loans of 50 to 500 lat (about $100 to $1000 US), and doesn’t require credit rating, proof of employment or any of the other usual stuff. You can, if you’re so inclined, sign off your immortal soul against the loan. Interestingly, you have to sign a clause stating that the soul is previously unmortaged property. Huh.

Latvian Firm Accepts Souls as Guarantee for Credits [mosnews]

[via Geekologie]

Accidental Millionaires on the Lam

It's not real money though, it's New Zealand money

A couple from New Zealand’s North Island are wanted by authorities (including Interpol) for theft after a bank error accidentally gave them $10 million New Zealand Dollars. Rather than reporting the error, they took the money and disappeared. They’re believed to have left the country. I love one of the comments on the BBC about this:

£3.9m is a lot of dosh, and even the most honest person would be tempted, especially when the ‘victim’ is a bank.

$10 million NZD is about £3.9 million, or $6 million USD.

NZ Hunts Accidental Millionaires [BBC]