Bank of America

Billionaire Warren Buffett Fumbles $40,000,000,000 After Dumping Apple, Bank of America, Wells Fargo, JPMorgan Chase and Goldman Sachs Early: Report

November 10, 2024 The Daily Hodl

bank

Billionaire Warren Buffett has now missed about $40 billion in gains after selling huge quantities of Berkshire Hathaway’s assets early, according to a new report. The famed investor reduced Berkshire’s positions by a net $127 billion in 2024, reports Barron’s, making headlines for dumping approximately $100 billion of Apple shares and $10 billion of Bank […]

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Bank of America Bracing for $800,000,000 Loss As Investigators Probe BofA, JPMorgan Chase and Wells Fargo’s Alleged Refusal To Reimburse Customers

November 9, 2024 The Daily Hodl

bank

The second-largest US bank by total assets says it’s preparing for significant losses due to ongoing regulatory issues. In a new filing with the U.S. Securities and Exchange Commission (SEC), Bank of America says it faces a “reasonably possible and estimable” loss of up to $800 billion due to investigations from the Consumer Financial Protection […]

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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Billionaire Warren Buffett Pours $7,800,000,000 Into ‘High-Flying’ Asset After Dumping Bank of America, JPMorgan Chase and Wells Fargo: Report

November 2, 2024 The Daily Hodl

bank

Billionaire Warren Buffett is buying a “high flying” asset after significantly reducing his exposure to the US banking industry, according to a new report. The renowned investor has sold $10.5 billion of Berkshire Hathaway’s stake in Bank of America since the summer, after selling all of the firm’s JPMorgan Chase and Wells Fargo positions in […]

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Cosmos co-founder proposes peer-to-peer clearing system in white paper

JPMorgan Chase, Wells Fargo and Bank of America Refuse To Define ‘Unauthorized Transaction’ As Customers Lose $320,000,000 To Scams on Zelle: Report

October 26, 2024 The Daily Hodl

bank

JPMorgan Chase, Bank of America and Wells Fargo are among six US banks that have not defined what an unauthorized transaction is, despite the term’s critical role in determining whether fraud victims will be reimbursed, according to a new report. The three big banks, along with Capital One, U.S. Bank and Truist, have released no […]

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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Bank of America Declares Gold the ‘Last Safe Haven’ Asset, Forecasts $3,000 Price

October 25, 2024 Bitcoin.com

Bank of America

Bank of America sees gold as the last and ultimate safe-haven asset amid rising U.S. debt, urging traders and central banks to increase their holdings. With concerns over fiscal instability and mounting interest payments, the bank forecasts gold could hit $3,000 per ounce by 2025, reinforcing its role as a critical hedge against market volatility […]

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Billionaire Warren Buffett Dumps $10,500,000,000 in Berkshire’s Bank of America Stake After Slashing JPMorgan Chase, Wells Fargo Investments To Zero: Report

October 24, 2024 The Daily Hodl

Bank of America

Warren Buffett has now sold a staggering $10.5 billion of Berkshire Hathaway’s stake in Bank of America in a matter of months. New filings with the U.S. Securities and Exchange Commission shows the firm just sold an additional 8.54 million shares in September and October, worth $337.86 million. The move follows Berkshire’s complete exit from […]

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Cosmos co-founder proposes peer-to-peer clearing system in white paper

JPMorgan Chase, Bank of America, Wells Fargo and Citi Lose $6,900,000,000 From Sour Loans As Analyst Warns Notorious Debt Bubble Is Popping

October 19, 2024 The Daily Hodl

Bank of America

JPMorgan Chase, Wells Fargo, Bank of America and Citi are unloading billions of dollars in bad debt that they’ve given up on recovering. New earnings data shows the four largest banks in the country collectively recorded $6.9 billion in net charge-offs in Q3 of this year, primarily driven by credit card delinquencies and soured consumer […]

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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Bank of America Warns $35,751,000,000,000 National Debt Will Surge To ‘Unprecedented Levels’ As US Lender Recommends One Asset To Investors

October 17, 2024 The Daily Hodl

bank

Bank of America says the $35.751 trillion national debt will rise to “unprecedented levels” in the years ahead, according to a new report. The banks’ analysts just sent a note to clients stating the US will be forced to pay increasing interest on the debt as spending once again ramps up, reports Investing.com. And although […]

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Cosmos co-founder proposes peer-to-peer clearing system in white paper

JPMorgan Chase, Bank of America Forecast New Rate Cut in November As Fed President Says Soft Landing Likely: Report

October 16, 2024 The Daily Hodl

Bank of America

Two of the largest banks in the US believe another rate cut from the Federal Reserve is incoming. The Fed started its rate-cutting cycle last month, announcing a 50 bps reduction in interest rates amid concerns about the health of the US economy. Now, analysts at JPMorgan Chase and Bank of America (BofA) think the […]

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Wells Fargo, Bank of America Customers Lose Thousands of Dollars To Bank Impostor Scams – How One Victim Got Her Money Back

October 12, 2024 The Daily Hodl

bank

A pair of bank customers, one at Wells Fargo and the other at Bank of America, say they’ve been hit by similar scams – but only one got their money back. Maine business owner Amy Kelly says she recently received a call from what she believed was Bank of America, reports the CBS-affiliated news station […]

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Cosmos co-founder proposes peer-to-peer clearing system in white paper