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Billionaire Warren Buffett Pours $1,200,000,000 Into New Asset, Dumps $5,500,000,000 of Berkshire Hathaway’s Exposure To Bank of America

Billionaire Warren Buffett Pours ,200,000,000 Into New Asset, Dumps ,500,000,000 of Berkshire Hathaway’s Exposure To Bank of America

Warren Buffett continues to unload billions of dollars of Berkshire Hathaway’s stake in Bank of America (BAC). New SEC filings show Buffett sold 117.4 million shares of BAC worth about $5.5 billion in the fourth quarter of 2024, reducing its stake in the financial giant to 8.9%. Meanwhile, Berkshire added a new investment in the […]

The post Billionaire Warren Buffett Pours $1,200,000,000 Into New Asset, Dumps $5,500,000,000 of Berkshire Hathaway’s Exposure To Bank of America appeared first on The Daily Hodl.

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Bank of America Sued for Allegedly Short-Changing Customers With ‘Bait and Switch’ Credit Card Tactics

Bank of America Sued for Allegedly Short-Changing Customers With ‘Bait and Switch’ Credit Card Tactics

A group of Bank of America customers are joining together to sue the US financial giant. A proposed class action lawsuit alleges BofA promised to hand a trove of reward points to new credit card customers, as long as they spent $3,000 within 90 days. But according to plaintiff Jean-Baptiste Boyer-Gomez, the bank has routinely […]

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US Senators Accuse JPMorgan Chase, Bank of America, Wells Fargo, Citibank, US Bank, PNC and Truist of ‘Profiteering,’ Raking In $1,000,000,000,000 in Record Profits While Paying Savers Peanuts

US Senators Accuse JPMorgan Chase, Bank of America, Wells Fargo, Citibank, US Bank, PNC and Truist of ‘Profiteering,’ Raking In ,000,000,000,000 in Record Profits While Paying Savers Peanuts

Two US lawmakers are accusing seven of the largest American banks by total assets of failing to pass the benefits of a high interest-rate environment to customers. In a letter to the CEOs of Bank of America, Citibank, JPMorgan Chase (JPMC), US Bank, PNC Bank, Truist and Wells Fargo, US senators Elizabeth Warren (D-Mass.) and […]

The post US Senators Accuse JPMorgan Chase, Bank of America, Wells Fargo, Citibank, US Bank, PNC and Truist of ‘Profiteering,’ Raking In $1,000,000,000,000 in Record Profits While Paying Savers Peanuts appeared first on The Daily Hodl.

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JPMorgan, Citi, Bank of America, Goldman Sachs, Wells Fargo and Morgan Stanley Reap $145,680,000,000 in Profit in One Year

JPMorgan, Citi, Bank of America, Goldman Sachs, Wells Fargo and Morgan Stanley Reap 5,680,000,000 in Profit in One Year

Six of the largest banks in the US recorded exceptional returns in 2024, despite recession fears and geopolitical uncertainty. JPMorgan Chase, Citi, Bank of America, Goldman Sachs, Wells Fargo and Morgan Stanley printed $145.68 billion in combined profits last year, largely propelled by stellar performances in investment banking and dealmaking. JPMorgan Chase witnessed a net […]

The post JPMorgan, Citi, Bank of America, Goldman Sachs, Wells Fargo and Morgan Stanley Reap $145,680,000,000 in Profit in One Year appeared first on The Daily Hodl.

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Bank of America Customers Exposed As ‘Unauthorized Party’ Accesses Social Security Numbers, Names, Locations and Financial Data in Third-Party Breach

Bank of America Customers Exposed As ‘Unauthorized Party’ Accesses Social Security Numbers, Names, Locations and Financial Data in Third-Party Breach

Bank of America says a third-party breach has exposed the sensitive data of hundreds of customers. According to a new filing with the Office of the Maine Attorney General, an unidentified third-party software provider has discovered an unauthorized entity gained access to its systems. The security breach happened in October and although BofA’s systems were […]

The post Bank of America Customers Exposed As ‘Unauthorized Party’ Accesses Social Security Numbers, Names, Locations and Financial Data in Third-Party Breach appeared first on The Daily Hodl.

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Wells Fargo and Merill Lynch Paying $60,000,000 Fine for Allegedly Shortchanging Customers While Making Bank on Client Cash

Wells Fargo and Merill Lynch Paying ,000,000 Fine for Allegedly Shortchanging Customers While Making Bank on Client Cash

Two Wall Street titans are shelling out a combined $60 million to the U.S. Securities and Exchange Commission for allegedly serving their own interests at the detriment of clients. The SEC says Wells Fargo and Bank of America’s Merill Lynch failed to develop legitimate written policies and procedures for their cash sweep programs. According to […]

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Wells Fargo, Bank of America, JPMorgan Chase and Other US Lenders Shut Down 113 Bank Branches in Just Six Weeks: Report

Wells Fargo, Bank of America, JPMorgan Chase and Other US Lenders Shut Down 113 Bank Branches in Just Six Weeks: Report

Some of America’s biggest banks are terminating physical branches as the new year kicks off. Between Thanksgiving 2024 and January 11 – about six weeks – Wells Fargo, Bank of America, JPMorgan Chase, US Bank and PNC contributed to a total of 113 planned branch closures, the Daily Mail reports. UMB Bank, a regional institution […]

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President Trump Slams Bank of America, JPMorgan Chase for Allegedly Refusing To Serve Innocent Customers, Denying Access To Bank Accounts

President Trump Slams Bank of America, JPMorgan Chase for Allegedly Refusing To Serve Innocent Customers, Denying Access To Bank Accounts

President Trump just put Bank of America and JPMorgan Chase on notice over allegations that the banks have shuttered accounts and denied customers over their political beliefs. In a virtual question-and-answer session at the World Economic Forum (WEF), Trump told Bank of America CEO Brian Moynihan to his face that he, as well as JPMorgan […]

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Morgan Stanley CEO Says the Financial Giant Will Collaborate With US Regulators on Crypto Offerings: Report

Morgan Stanley CEO Says the Financial Giant Will Collaborate With US Regulators on Crypto Offerings: Report

The chief executive of banking giant Morgan Stanley reportedly says the firm is willing to work with US regulators on crypto offerings. According to a new report by CNBC, Morgan Stanley CEO Ted Pick is collaborating with regulatory agencies to see if it can further venture into the digital assets industry. As stated by Pick […]

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Bank of America CEO Foresees Crypto Payment Boom With Clear Rules

Bank of America CEO Foresees Crypto Payment Boom With Clear RulesBank of America’s CEO foresees a crypto payment revolution, emphasizing banks will aggressively adopt digital currencies once clear regulations unlock their transactional potential. Bank of America CEO Envisions a Crypto Payment Boom Fueled by Regulation Bank of America CEO Brian Moynihan has discussed the potential for cryptocurrency payments to gain traction in the banking sector, […]

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