Bank of America, Citigroup and Goldman Sachs Report $4,139,000,000 in Losses As US Lenders Witness Major Spike in Unrecoverable Debt

July 20, 2024 The Daily Hodl

bank

Bank of America, Citigroup and Goldman Sachs are reporting $4.139 billion in losses as lenders write off mounting debts that customers can’t honor. In its latest earnings report, Citigroup says its net credit losses, which are debts that the firm does not expect to collect, hit $2.28 billion in Q2 of this year. The figure represents […]

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Robert Kiyosaki: Biggest Crash in History Is Here—’Millions Will Be Crushed’

Investors Move $2,450,000,000,000 in Push for Easy Money As Wells Fargo, Bank of America and Citi Fight To Defend Their Deposit Base: Report

July 20, 2024 The Daily Hodl

bank

Americans are increasingly moving their hard-earned cash into higher-yielding financial products as US banks battle to stop deposit flight. People have increasingly grown weary of the low interest on deposits offered by banks and have now poured a record $6.15 trillion into money market funds, reports the Financial Times, citing data from the Investment Company […]

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Robert Kiyosaki: Biggest Crash in History Is Here—’Millions Will Be Crushed’

JPMorgan Chase, Bank of America and Wells Fargo Customers Report Cascade of Failures As Banks Hammered by Massive Computer Outage

July 19, 2024 The Daily Hodl

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US banks are scrambling to recover from a massive computer outage that’s disrupting financial transactions around the world. Customers at JPMorgan Chase, Bank of America and Wells Fargo are reporting major, ongoing outages, according to the network tracking service DownDetector. The historic outage, which has hammered banks, airlines outage and scores of other businesses, was triggered […]

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Robert Kiyosaki: Biggest Crash in History Is Here—’Millions Will Be Crushed’

Peter Schiff Foresees ‘Explosive’ Growth in Silver Price

July 9, 2024 Bitcoin.com

Bank of America

Economist and gold advocate Peter Schiff has urged investors to buy silver, highlighting its strong performance and potential for significant gains. “Silver is really strong,” he stressed, emphasizing: “An explosive move higher seems likely soon.” Schiff and several other experts see silver as a promising investment amid economic uncertainties. Peter Schiff Recommends Investing in Silver […]

Robert Kiyosaki: Biggest Crash in History Is Here—’Millions Will Be Crushed’

JPMorgan Chase, Bank of America and Wells Fargo To Testify After Allegedly Refusing To Reimburse $115,000,000 To Customers on Zelle: Report

July 7, 2024 The Daily Hodl

Bank of America

JPMorgan Chase, Bank of America and Wells Fargo have reportedly agreed to testify at a US Senate hearing over hundreds of millions of dollars in fraud on the payments network Zelle. Executives involved in the banks’ payment operations are expected to appear on July 23rd, reports Politico, citing sources who were allowed to speak anonymously […]

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Robert Kiyosaki: Biggest Crash in History Is Here—’Millions Will Be Crushed’

JPMorgan Chase, Bank of America and 7 Mega Banks Paying $46,000,000 Over Alleged Conspiracy To Rig Trillion-Dollar Derivatives Market

July 6, 2024 The Daily Hodl

Bank of America

Nine of the largest banks in the world are settling a long-running lawsuit that accuses them of conspiring to rig a $465.9 trillion market. Lawyers representing investors have filed for preliminary approval of a $46 million cash settlement against JPMorgan Chase, Bank of America, Goldman Sachs, BNP Paribas, Citigroup, Deutsche Bank, Morgan Stanley, NatWest and […]

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Robert Kiyosaki: Biggest Crash in History Is Here—’Millions Will Be Crushed’

JPMorgan Chase, Bank of America and Wells Fargo Accounts Used in Alleged $92,000,000 Money Laundering Scheme: Report

June 29, 2024 The Daily Hodl

bank

An alleged $92 million money laundering scheme went “right through” three of the largest banks in the US, according to a new report. A group of alleged drug runners and money launderers are accused of depositing hundreds of thousands of dollars in illicit funds into accounts at JPMorgan Chase, Bank of America and Wells Fargo, […]

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Robert Kiyosaki: Biggest Crash in History Is Here—’Millions Will Be Crushed’

Bank of America Forecasts Gold Reaching $3,000 in the Next 18 Months

June 28, 2024 Bitcoin.com

Bank of America

Earlier this week, Bank of America analysts revealed that gold might reach $3,000 in the next 18 months, pushed by central bank demand and a Federal Reserve dovish turn. “Achieving this would require non-commercial demand to pick up from current levels, which in turn needs a Fed rate cut to happen,” Bank of America analysts […]

Robert Kiyosaki: Biggest Crash in History Is Here—’Millions Will Be Crushed’

Big Banks Would Survive $685,000,000,000 Financial Disaster Despite Lenders’ Riskier Balance Sheets: Federal Reserve

June 27, 2024 The Daily Hodl

bank

A year after three of the largest bank failures in US history, the Federal Reserve says America’s banking giants have enough capital to survive a “highly stressful scenario.” In its yearly stress test, the Fed says 31 of the nation’s largest banks survived a simulation slamming the lenders with about $685 billion in credit card, […]

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Robert Kiyosaki: Biggest Crash in History Is Here—’Millions Will Be Crushed’

SEC Demands $102M From Ripple, Dems Reportedly Prepare for Crypto Roundtable, and More — Week in Review

June 23, 2024 Bitcoin.com

SEC Demands 2M From Ripple, Dems Reportedly Prepare for Crypto Roundtable, and More — Week in Review

Bank of America

The U.S. Securities and Exchange Commission (SEC) is seeking a $102.6 million penalty from Ripple in the XRP case. Meanwhile, the Biden administration, along with Mark Cuban and Representative Ro Khanna, are preparing for a crucial crypto roundtable. A Bank of America report reveals that younger wealthy investors are increasingly favoring cryptocurrencies over traditional investments. […]

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