Banking: theft of customers' data -- Globalized banking? No, No, No!

Inside job nets data on 100,000 customers

CHARLOTTE, N.C. (AP) — More than 100,000 customers of Wachovia Corp. and Bank of America Corp. have been notified of the theft of their financial records by bank employees.

The records were sold to collection agencies by bank workers in New Jersey, said police in Hackensack, N.J.

In a separate case with the potential for identity theft, a laptop containing the names and Social Security numbers of 16,500 current and former MCI Inc. employees was stolen last month from the car of an MCI financial analyst in Colorado, said company spokeswoman Linda Laughlin. [. . . . ]

Search: The theft was exposed last month when police in , The bank employees accessed records for customers of , receiving lists of people sought for debt collection

Lately, we have been hearing about Canadian banks needing to go GLOBAL to make money, not phrased that way, of course.

No, No, No!

There is too much danger of damage to Canada's citizens' interests when Canadians lose control of our own banks and banking information.