$14,000,000 Handout for Bank of America Customers Incoming After Lender Accused of Intentional Charging Hidden Fees, Violating Account Agreements

September 20, 2024 The Daily Hodl

bank

Bank of America is preparing to hand $14 million to customers in a settlement over alleged hidden fees. The settlement will resolve allegations that the banking giant intentionally charged hidden fees on incoming wire transfers for both checking and savings account holders. Specifically, the bank is accused of purposefully levying and hiding $15 fees on […]

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China Unearths Massive Gold Veins That Could Reshape Global Markets

US Companies Abruptly Take Out Record Amount of Debt Ahead of Potential Market Volatility: Report

September 14, 2024 The Daily Hodl

Bank of America

American firms have reportedly issued record volumes of debt in what analysts say is an attempt to get ahead of potential event risks in the near future. Data from the London Stock Exchange Group (LSEG) shows 29 investment grade bond deals were issued on one day in the first week of September, which is the […]

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China Unearths Massive Gold Veins That Could Reshape Global Markets

$197,500,000 To Be Handed To Customers at JPMorgan Chase, Wells Fargo, Bank of America and Other US Lenders in Massive Visa and Mastercard Settlement

September 13, 2024 The Daily Hodl

7,500,000 To Be Handed To Customers at JPMorgan Chase, Wells Fargo, Bank of America and Other US Lenders in Massive Visa and Mastercard Settlement

ATM

Visa and Mastercard are preparing to pay a massive settlement to US bank customers over controversial ATM fees. The settlement will resolve allegations that the payment giants conspired with JPMorgan Chase, Wells Fargo, Bank of America and other unnamed lenders to keep ATM surcharges artificially high. Specifically, Visa and Mastercard are accused of colluding with […]

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China Unearths Massive Gold Veins That Could Reshape Global Markets

$6,440,000,000,000 Piled Into Money Market Funds As Bank of America Warns Rate Cuts Won’t Fuel Rotation To Stocks

September 1, 2024 The Daily Hodl

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The amount of capital invested in money market funds has surged to a record level with a potential Fed rate cut coming this month. New figures from the Federal Reserve Economic Data (FRED) show the amount of capital invested in money market funds has soared to over $6.44 trillion as of June of this year. […]

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China Unearths Massive Gold Veins That Could Reshape Global Markets

JPMorgan Chase, Bank of America and Wells Fargo Allegedly Reap Billions of Dollars on Backs of Misled Customers As Lawsuits Hit Multiple Financial Giants

August 31, 2024 The Daily Hodl

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A growing number of US banks are accused of routinely misleading customers in a push to pocket billions of dollars. JPMorgan Chase is now facing a proposed class action lawsuit for allegedly shifting customers’ idle cash into accounts with extremely low interest rates without proper disclosure. The bank joins Wells Fargo, Bank of America and […]

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China Unearths Massive Gold Veins That Could Reshape Global Markets

Scammer Drains $1,400,000 From Elderly Widow As JPMorgan Chase, Bank of America, Wells Fargo and Other Financial Giants Sit and Watch: Report

August 24, 2024 The Daily Hodl

Bank of America

JPMorgan Chase, Bank of America, Wells Fargo and other US financial giants reportedly failed to stop a scam that wiped out an 85-year-old woman’s life savings. Annette Manes, a widowed social worker, is a victim of a scheme that drained $1.4 million over the course of 279 days, reports Bloomberg. Manes says the scammers, who […]

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China Unearths Massive Gold Veins That Could Reshape Global Markets

US Credit Card Debt Soars To $1,140,000,000,000 As Bank of America CEO Issues Warning on ‘Depleting’ American Consumer

August 18, 2024 The Daily Hodl

Bank of America

Americans are holding more household debt than ever before as one of the biggest banks in the country warns of a weakening US consumer. According to a report from the New York Fed, US credit card debt just hit $1.14 trillion. On the whole, Americans have more student loan, mortgage, credit card and home equity […]

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China Unearths Massive Gold Veins That Could Reshape Global Markets

JPMorgan Chase, Bank of America, Wells Fargo and Citi Predict Abrupt Fed Rate Cuts Amid Global Market Turbulence: Reports

August 12, 2024 The Daily Hodl

Bank of America

The four largest banks in the US now believe the Federal Reserve is about to cut interest rates amid rising recession fears. A Bank of America economist says a September Fed rate cut is a “virtual lock” following last week’s $6.4 trillion global stock market rout, reports Business Times. “The rate tide has quickly turned.” […]

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China Unearths Massive Gold Veins That Could Reshape Global Markets

4 years in, MicroStrategy’s Bitcoin gamble beats Warren Buffett’s warning

August 11, 2024 Coin Telegraph

American Express

MicroStrategy’s stock value is up by 1,000% since its first Bitcoin purchase, while Warren Buffett and Berkshire Hathaway have missed the boat.

MicroStrategy purchased its first Bitcoin (BTC) stash on Aug. 10, 2020, becoming the first public-traded company to adopt the cryptocurrency as its primary treasury reserve asset. Four years later, the bold move has evolved into a defining strategy for the company that has outpaced even the returns of Warren Buffett's Berkshire Hathaway.

As of Aug. 10, 2024, MicroStrategy had 226,500 BTC worth $13.771 billion in reserves, which it acquired at an average cost of around $37,000. With Bitcoin currently trading at approximately $60,500, MicroStrategy is now sitting on unrealized profits of about $5.39 billion.

Despite the substantial gains, Michael Saylor's company has maintained its Bitcoin holdings, choosing not to liquidate any of its accumulated assets. It has expressed its intention to continue accumulating Bitcoin, further evidenced by its most recent purchase on Aug. 1.

China Unearths Massive Gold Veins That Could Reshape Global Markets

JPMorgan Chase, Bank of America and Wells Fargo Under Federal Investigation Over Hundreds of Millions of Dollars in Scams and Fraud on Instant Payments Platform Zelle

August 10, 2024 The Daily Hodl

Bank of America

JPMorgan Chase, Bank of America, Wells Fargo and other unnamed large banks are reportedly facing a federal investigation over scams and fraud on the billion-dollar instant payments platform Zelle. The Consumer Financial Protection Bureau (CFPB) is probing how the banks handle disputed transactions on the network, reports the Wall Street Journal. The agency is responding […]

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