bank

Billion-Dollar Bank Accused of Charging ‘Crippling’ Overdraft Fees As Customers Launch $5,000,000 Lawsuit: Report

April 12, 2024 The Daily Hodl

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A billion-dollar bank in the US is reportedly facing a potential class-action lawsuit for the second time in about three years over allegedly hammering customers with “crippling” overdraft fees. Customers LaNita Criswell and LaSheena Neal say Frost Bank’s history of imposing $35 overdraft fees on transactions that do not exceed account balances is in breach […]

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S&P Global Downgrades Five US Banks, Warns Lenders Hold Billions of Dollars in Loans That May Face ‘Material Deterioration’

April 7, 2024 The Daily Hodl

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Standard & Poors (S&P) just downgraded five more regional banks as pain in the sector continues to spread. In a new outlook report, S&P says it’s downgrading First Commonwealth Financial Corp., M&T Bank Corp., Synovus Financial Corp., Trustmark Corp. and Valley National Bancorp. All five banks were downgraded to “negative” from “stable.” S&P says the […]

The post S&P Global Downgrades Five US Banks, Warns Lenders Hold Billions of Dollars in Loans That May Face ‘Material Deterioration’ appeared first on The Daily Hodl.

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$2,000,000 Stolen From Bank of America Account in Devastating Scam, Triggering Lawsuit for Alleged Negligence, Breach of Contract and Violation of Federal Law: Report

April 6, 2024 The Daily Hodl

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An elderly woman who lost millions of dollars to scammers is hitting Bank of America (BofA) with a lawsuit over allegations of negligence, breach of contract and violation of federal law. Lynne Bucklin, a 67 year-old Florida resident, says BofA failed to adequately protect her from a scheme that drained $2 million from her accounts, […]

The post $2,000,000 Stolen From Bank of America Account in Devastating Scam, Triggering Lawsuit for Alleged Negligence, Breach of Contract and Violation of Federal Law: Report appeared first on The Daily Hodl.

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JPMorgan Chase Executive Steals $2,400,000 From Customers, Admits To Taking Cash from 74-Year Old Wheelchair-Bound Client

March 30, 2024 The Daily Hodl

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An ex-JPMorgan Chase executive has admitted to stealing $2.4 million from the banks’ clients, new court documents show. In a judgment filed on March 15th at the US District Court in the Southern District of New York, Judge Denise L. Cote sentences Kevin Chiu to 48 months in prison after he pleaded guilty to bank […]

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Bank Lets Customers Withdraw More Than Available Balance, Triggering $14,000,000 Exodus in Matter of Hours: Report

March 30, 2024 The Daily Hodl

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A state-owned bank is clawing back millions of dollars from customers after a “routine system update” allowed people to take out more money than they had in their accounts. The Commercial Bank of Ethiopia (CBE) says $14 million was drained in a matter of hours as news of the bank’s malfunctioning system spread quickly among […]

The post Bank Lets Customers Withdraw More Than Available Balance, Triggering $14,000,000 Exodus in Matter of Hours: Report appeared first on The Daily Hodl.

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282 US Banks Suffer ‘Toxic Combo’ That Could Trigger Collapse, With $900,000,000,000 in Total Assets at Stake: Report

March 24, 2024 The Daily Hodl

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A total of 282 US banks with $900 billion in total assets are suffering from a “toxic combo” that could push them to the brink of failure, according to a new report. According to the consulting firm Klaros Group, the banks in question simultaneously have large levels of exposure to commercial real estate and significant […]

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Billion-Dollar Bank Abruptly Freezes Woman’s Account and Refuses To Return Funds, Forcing Her To Rely on Family and Friends for Survival: Report

March 22, 2024 The Daily Hodl

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An Atlanta woman says a popular US bank abruptly froze her account and refused to let her cash out, leaving her to fend for herself. Shelley Camp says Green Dot locked her out of her bank account out of nowhere for “unusual activity,” reports the ABC-affiliated news station WSB-TV. Camp says she was out of […]

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JPMorgan Chase Paying $348,200,000 Penalty, Issued Cease-and-Desist Order Over ‘Unsafe or Unsound’ Banking Practices

March 17, 2024 The Daily Hodl

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The Federal Reserve and the Office of the Comptroller of the Currency (OCC) are hitting banking giant JPMorgan Chase with a $348.20 million fine in a coordinated enforcement action. Both the Fed and the OCC say JPMorgan engaged in “unsafe or unsound banking practices” in relation to its trade surveilling program. The OCC says that […]

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JPMorgan Chase Refuses To Reimburse Customer After $7,900 Drained From Bank Account in Brutal Three-Day Hack: Report

March 17, 2024 The Daily Hodl

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JPMorgan Chase reportedly refuses to reimburse a customer who says she warned the bank of suspicious activity – and then watched scammers drain her account over the course of three days. Houston resident Cindy Little says she recently received a text message from Chase letting her know that an “unknown” person had been added as […]

The post JPMorgan Chase Refuses To Reimburse Customer After $7,900 Drained From Bank Account in Brutal Three-Day Hack: Report appeared first on The Daily Hodl.

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Bank of America Allegedly Takes $3,600,000 Treasure Trove From Customer, Refuses To Return Millions in Assets: New Lawsuit

March 16, 2024 The Daily Hodl

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A new lawsuit accuses Bank of America of abruptly seizing and refusing to return millions of dollars in assets that belong to a customer. The complaint alleges BofA cracked open a safe deposit box belonging to Canadian coin collector Levend Coskun, taking a large collection of gold and silver coins without proper notice. According to […]

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