Optimism in the US banking industry is being threatened by a growing pile of bad loans, putting pressure on the sector’s biggest players. Bloomberg analysts say non-performing loans, or loans to debtors that haven’t made a payment in over 90 days, rose to a combined $24.4 billion in the last quarter of 2023 for JPMorgan […]
The post JPMorgan Chase, Bank of America, Wells Fargo and Citigroup Risk Losing $24,400,000,000 As Number of Troubled Loans Erupt: Report appeared first on The Daily Hodl.
A 95 year-old woman says she’s going through a nightmare scenario, with scammers draining her account and the bank demanding she repay thousands of dollars stemming from the criminal’s spending spree. Florida resident Virginia Weimer initially lost $13,000 after a scammer gained access to her BofA checking account, reports the NBC-affiliated news station WFLA. Although […]
The post Criminal Drains 95 Year-Old Woman’s Bank of America Account – Now Bank Wants $4,237 in Overdraft Fees appeared first on The Daily Hodl.
Hundreds of billions of dollars worth of fines have been paid by the four biggest banks in the US as JPMorgan’s chief executive sounds off against digital assets, saying they are for criminals. According to corporate misconduct data aggregator Violation Tracker, the big four banks of the US – Bank of America, Wells Fargo, Citigroup, […]
The post $181,034,960,000 in Fines Paid by Big Four US Banks As JPMorgan CEO Jamie Dimon Says Crypto’s for ‘Criminals’ appeared first on The Daily Hodl.
One of the largest banks in the country is getting slapped with a multi-million dollar fine from the Consumer Financial Protection Bureau (CFPB). The agency says Bank of America will pay $12 million for repeatedly sending false information to federal regulators. The CFPB says BofA has routinely violated the Home Mortgage Disclosure Act, which was […]
The post Bank of America To Pay $12,000,000 Fine for Repeatedly Breaking the Law, Sending False Information to Regulators appeared first on The Daily Hodl.
Three US banking giants have just had their ratings downgraded to “negative” by Moody’s. Moody’s Investor Service downgraded JPMorgan Chase, Wells Fargo and Bank of America to negative ratings after previously classifying them as stable, MarketWatch reports. Analyst Peter E. Nerby of Moody’s said that the worsening outlook on bank debt was due to “the […]
The post JPMorgan Chase, Wells Fargo and BofA Hit With Negative Ratings Outlook As Moody’s Says US Government Has Weaker Capacity To Support Big Banks appeared first on The Daily Hodl.
JPMorgan Chase has quietly revealed tens of billions of dollars in losses on securities, according to a new report on the company’s overall balance sheet. The banking giant is now stuck with roughly $40 billion in unrealized bond losses as of Q3 of this year, which is a 20% rise over the previous quarter, reports […]
The post $40,000,000,000 in Unrealized Losses Hits JPMorgan Chase As Bank of America, Wells Fargo and Citigroup Face Exposure to US Treasuries: Report appeared first on The Daily Hodl.
Several of America’s biggest banks are facing a flood of complaints about issues with account balances and direct deposits. Customers at JPMorgan Chase, Bank of America, US Bank, Wells Fargo and Truist say money that should have arrived in their accounts is not showing up. The network monitoring app Downdetector is reporting widespread issues at […]
The post JPMorgan Chase, Bank of America, Wells Fargo Suffer Major Outage As Customers Scramble to Locate Deposits appeared first on The Daily Hodl.
One of the biggest banks in the US reportedly refused to reimburse a customer despite security footage showing a criminal stealing cash from an ATM. Then, the media got involved. Berkeley resident and Bank of America customer Kyle Fischer says he recently noticed money had mysteriously vanished from his account, and he promptly alerted the […]
The post Major US Bank Refuses to Reimburse Customer After Criminal Caught on Camera Stealing Cash From Account: Report appeared first on The Daily Hodl.
Three US financial titans just witnessed the flight of $44.354 billion in deposits in a single quarter. According to Bank of America’s (BofA) most recent quarterly earnings press release, the lender’s average deposits fell from $1.0063 trillion on June 30th to $980.1 billion by September 30th – a reduction of about $26.2 billion in three […]
The post $44,354,000,000 Exits Bank of America, Morgan Stanley and BNY Mellon in Three Months As Deposit Flight Refuses to Relent appeared first on The Daily Hodl.
Three of America’s biggest banks are getting hit by the Commodity Futures Trading Commission (CFTC) for failing to properly report millions of transactions in the swaps market. JPMorgan Chase, Bank of America, and Goldman Sachs have been ordered to pay $15 million, $8 million and $30 million in fines, respectively. According to the CFTC, Goldman […]
The post JPMorgan Chase, Bank of America and Goldman Sachs Hit With $53,000,000 Fine for Failing to Properly Report Millions of Derivatives Transactions appeared first on The Daily Hodl.
