Billion-Dollar Bank Sued After Revealing Massive Data Breach Affecting Thousands of Customers, Exposing Account Details, Social Security Numbers and Medical Information: Report

May 13, 2024 The Daily Hodl

bank

A US lender is facing separate class action lawsuits over a security incident that exposed thousands of customers’ personal identifiable information (PII). Plaintiffs for the lawsuits say Centennial Bank suffered a data breach in April 2023 – but they allege the lender only notified affected customers that their PII was stolen a full year later, […]

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Mark Cuban Says FTX and Three Arrows Capital Would Still Be Operating if Gary Gensler Had Done the Right Thing

Billion-Dollar Bank Prepares for $450,000,000 Fine From US Government for Failing To Effectively Detect, Report, and Respond to Suspicious Activity

May 13, 2024 The Daily Hodl

Billion-Dollar Bank Prepares for 0,000,000 Fine From US Government for Failing To Effectively Detect, Report, and Respond to Suspicious Activity

AML

Banking giant Toronto Dominion (TD) is preparing to pay nearly half a billion dollars in penalties over an inadequate anti-money laundering (AML) program. In an announcement, TD says it has set aside an initial provision of $450 million to pay the US government over an AML program that was “insufficient to effectively monitor, detect, report, […]

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Mark Cuban Says FTX and Three Arrows Capital Would Still Be Operating if Gary Gensler Had Done the Right Thing

$81,000 Drained From Wells Fargo Account, Sent To Citibank – Victim Says She Received No Alerts, No Care, No Compensation

May 12, 2024 The Daily Hodl

bank

A woman who discovered tens of thousands of dollars missing from her Wells Fargo account says the financial giant is failing to protect its customers. The victim, who wants to remain anonymous to protect her identity, says thieves looted more than $81,000 from her account via electronic transfers, reports FOX News Memphis. The woman says […]

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Mark Cuban Says FTX and Three Arrows Capital Would Still Be Operating if Gary Gensler Had Done the Right Thing

JPMorgan Chase Blocks $100 Chocolate Purchase, Approves $49,000 Illicit Wire Transfer – Here’s Why the Bank Is Refusing To Reimburse

May 11, 2024 The Daily Hodl

bank

A couple in Atlanta says one phone call led to their entire life savings being drained from their JPMorgan Chase bank account. Gloria and Gary Moss tell FOX 5 that they felt secure after Chase blocked a $100 purchase for chocolate months ago, requiring further confirmation for the transaction to go through. But on February […]

The post JPMorgan Chase Blocks $100 Chocolate Purchase, Approves $49,000 Illicit Wire Transfer – Here’s Why the Bank Is Refusing To Reimburse appeared first on The Daily Hodl.

Mark Cuban Says FTX and Three Arrows Capital Would Still Be Operating if Gary Gensler Had Done the Right Thing

Wells Fargo Employee Sanctioned After Allegedly Stealing Funds From Customers, Refusing To Cooperate With Investigation

May 11, 2024 The Daily Hodl

bank

The Financial Industry Regulatory Authority (FINRA) is barring a former Wells Fargo broker who’s accused of stealing funds from clients. In a letter of acceptance, waiver and consent (AWC), the regulator says ex-Well Fargo employee Andrew J. Egber violated two FINRA rules when he deliberately ignored requests to cooperate in an investigation. Last month, Wells Fargo […]

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Mark Cuban Says FTX and Three Arrows Capital Would Still Be Operating if Gary Gensler Had Done the Right Thing

Banking Giant JPMorgan Chase Holds $760,000 in Spot Bitcoin ETFs: New SEC Filing

May 11, 2024 The Daily Hodl

bank

The biggest bank in the US, JPMorgan Chase, says it now holds about $760,000 in spot Bitcoin ETFs on behalf of its clients. In a new Form F13 filing, which requires institutional investment managers to disclose their holdings, JPMorgan says the exposure is spread across BlackRock’s iShares Bitcoin Trust (IBIT), the ProShares Bitcoin Strategy ETF […]

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Mark Cuban Says FTX and Three Arrows Capital Would Still Be Operating if Gary Gensler Had Done the Right Thing

Banking Giant Wells Fargo Holds Spot Bitcoin ETF on Behalf of Clients, According To New SEC Filing

May 11, 2024 The Daily Hodl

bank

US banking giant Wells Fargo is now holding a spot Bitcoin ETF on behalf of its clients, according to a new filing with the SEC. The bank’s Form F13 filing, which requires institutional investment managers to disclose their holdings, says Wells Fargo is holding 2,245 shares of the Grayscale Bitcoin Trust (GBTC), which was converted […]

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Mark Cuban Says FTX and Three Arrows Capital Would Still Be Operating if Gary Gensler Had Done the Right Thing

JPMorgan Chase Suffers Data Breach Affecting Personal Information of 451,809 Customers

May 10, 2024 The Daily Hodl

bank

JPMorgan Chase says it has discovered a data breach affecting the personal information of nearly half a million customers. New filings with the Office of the Maine Attorney General show the banking giant recently found a software issue that’s been active since August 26th, 2021. The bug allowed unauthorized access to retirement plan records of […]

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Mark Cuban Says FTX and Three Arrows Capital Would Still Be Operating if Gary Gensler Had Done the Right Thing

$267,000,000,000 Bank To Abolish Cash, Warns Customers To Prepare for Massive Digital Overhaul

May 10, 2024 The Daily Hodl

bank

One of the largest banks in Australia is rolling out a plan to terminate cash and checking services. In an update on its website, Macquarie Bank, which has $267 billion in assets, tells customers that a digital-centered banking experience will begin in November. “In case you missed it, we’re phasing out our cash and cheque […]

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Mark Cuban Says FTX and Three Arrows Capital Would Still Be Operating if Gary Gensler Had Done the Right Thing

New ‘Brokewell’ Smartphone Attack Drains Bank Accounts and Leaks Location, Posing ‘Significant Threat to Banking Industry’: Report

May 5, 2024 The Daily Hodl

alert

Security researchers are issuing an urgent alert about a new malware attack that’s targeting Android users’ bank accounts. The malware, which has been nicknamed “Brokewell,” takes the form of a fake Google Chrome browser update webpage that mimics Google’s own messaging style, reports ThreatFabric. When users are directed to the page, they see a message […]

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