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Standard Chartered debuts crypto services in Europe with new license

Banking giant Standard Chartered is debuting crypto services in Europein Europe via its new Luxembourg entity after securing a digital asset license under the MiCA framework.

Update (Jan. 9, 3:40 pm UTC): This article has been updated to add a comment about custody and trading from Standard Chartered.

Standard Chartered, one of the world’s largest banks, is debuting cryptocurrency services in Europe after obtaining a digital asset license in Luxembourg.

The bank announced on Jan. 9 that it is establishing a new entity in Luxembourg to act as its European Union regulatory entry point for offering crypto and digital asset custody services.

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Bank Executive Accused of Stealing $345,664 From Lender in Three Months, Forging Documents and Directing Staff To Falsify Records

Bank Executive Accused of Stealing 5,664 From Lender in Three Months, Forging Documents and Directing Staff To Falsify Records

A US bank executive drained hundreds of thousands of dollars from the lender over a span of about three months, according to the Federal Deposit Insurance Corporation (FDIC). The FDIC says that between June 5th of 2023 and September 18th of 2023, Jessica Ann Marshall allegedly stole $345,664.66 while working as a branch manager at the […]

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Pastor Lorenzo Sewell Launches His Own Meme Coin

US Lenders Lose $46,000,000,000 As Customers at Capital One, Citi, JPMorgan Chase, Synchrony, Discover, Citi and Bank of America Face Billions in Delinquencies

US Lenders Lose ,000,000,000 As Customers at Capital One, Citi, JPMorgan Chase, Synchrony, Discover, Citi and Bank of America Face Billions in Delinquencies

Defaults on credit card loans are skyrocketing in the US. Lenders are now witnessing a 14-year high in credit card defaults, reports the Financial Times. The bad credit forced lenders to collectively write off a whopping $46 billion in loans that are considered seriously delinquent in the first nine months of 2024. Based on data […]

The post US Lenders Lose $46,000,000,000 As Customers at Capital One, Citi, JPMorgan Chase, Synchrony, Discover, Citi and Bank of America Face Billions in Delinquencies appeared first on The Daily Hodl.

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JPMorgan Chase Abruptly Freezes $43,000, Refuses To Release Funds To Scammed Bank of America Customer: Report

JPMorgan Chase Abruptly Freezes ,000, Refuses To Release Funds To Scammed Bank of America Customer: Report

JPMorgan Chase is refusing to release $43,000 that belongs to a scammed Bank of America customer, according to a new report. Hyeon-Jin Kwon says she initially lost $56,000 after an impostor claiming to work at Bank of America gave her a call and managed to drain her account, reports the ABC-affiliated news station WMAR. “[The […]

The post JPMorgan Chase Abruptly Freezes $43,000, Refuses To Release Funds To Scammed Bank of America Customer: Report appeared first on The Daily Hodl.

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$20,000+ Abruptly Drained From Wells Fargo Account, Customer Says Bank Refuses To Reimburse After Promising To Return Funds

,000+ Abruptly Drained From Wells Fargo Account, Customer Says Bank Refuses To Reimburse After Promising To Return Funds

A Wells Fargo customer says the bank refuses to reimburse her account after scammers stole her entire life savings. The Virginia resident, who is 80-years-old and identified as Kay, says she received a message from someone impersonating Wells Fargo warning her account had been frozen, reports the NBC-affiliated news station WWBT. Kay says the message […]

The post $20,000+ Abruptly Drained From Wells Fargo Account, Customer Says Bank Refuses To Reimburse After Promising To Return Funds appeared first on The Daily Hodl.

Pastor Lorenzo Sewell Launches His Own Meme Coin

Bank Executive Allegedly Drains $4,277,227 From Customers’ Accounts in 11-Year Scheme: Report

Bank Executive Allegedly Drains ,277,227 From Customers’ Accounts in 11-Year Scheme: Report

Federal prosecutors say an employee at Oklahoma-based BOK Financial Securities drained millions of dollars directly from customers’ accounts. William Shane Garrow – who was senior vice president and a private banker at BOK until being fired early this year – is accused of embezzling $4,277,227 from at least 16 customer accounts and funneling the funds […]

The post Bank Executive Allegedly Drains $4,277,227 From Customers’ Accounts in 11-Year Scheme: Report appeared first on The Daily Hodl.

Pastor Lorenzo Sewell Launches His Own Meme Coin

8,358 Bank Customers Exposed As Billion-Dollar Lender Reveals Data Breach, Warns Social Security Numbers and Account Details at Risk

8,358 Bank Customers Exposed As Billion-Dollar Lender Reveals Data Breach, Warns Social Security Numbers and Account Details at Risk

A billion-dollar US bank is warning thousands of customers of a major data breach. According to a filing with the Office of the Maine Attorney General, 8,358 customers at Citizens Bank – which is the 16th-largest bank in the US by total assets – are impacted. The breach is attributed to “insider wrongdoing” believed to […]

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Pastor Lorenzo Sewell Launches His Own Meme Coin

JPMorgan Chase, Wells Fargo and Bank of America Customers Lose $870,000,000 To Scammers on Zelle, Forcing Victims To ‘Fend for Themselves’: CFPB Lawsuit

JPMorgan Chase, Wells Fargo and Bank of America Customers Lose 0,000,000 To Scammers on Zelle, Forcing Victims To ‘Fend for Themselves’: CFPB Lawsuit

Customers at JPMorgan Chase, Wells Fargo and Bank of America have collectively lost $870 million to scammers on Zelle in the last seven years, according to a powerful US bank regulator. The Consumer Financial Protection Bureau (CFPB) says it’s suing the three banking giants and Zelle’s parent firm for allegedly failing to protect people from […]

The post JPMorgan Chase, Wells Fargo and Bank of America Customers Lose $870,000,000 To Scammers on Zelle, Forcing Victims To ‘Fend for Themselves’: CFPB Lawsuit appeared first on The Daily Hodl.

Pastor Lorenzo Sewell Launches His Own Meme Coin

$15,000,000 Fine Hits US Banking Giant After Employees Allegedly Drain Millions From Wealthy Customers’ Accounts

,000,000 Fine Hits US Banking Giant After Employees Allegedly Drain Millions From Wealthy Customers’ Accounts

Morgan Stanley’s wealth management arm will pay a multi million-dollar penalty after allegedly failing to stop four former financial advisors from stealing cash from customer accounts. The U.S. Securities and Exchange Commission (SEC) is charging Morgan Stanley Smith Barney (MSSB) for failing to adopt measures and policies that could have prevented four ex-financial advisors from […]

The post $15,000,000 Fine Hits US Banking Giant After Employees Allegedly Drain Millions From Wealthy Customers’ Accounts appeared first on The Daily Hodl.

Pastor Lorenzo Sewell Launches His Own Meme Coin

Billionaire Warren Buffett Bets $120,000,000,000 on Two Assets After Dumping Bank of America, JPMorgan Chase, Wells Fargo

Billionaire Warren Buffett Bets 0,000,000,000 on Two Assets After Dumping Bank of America, JPMorgan Chase, Wells Fargo

Billionaire Warren Buffett is now betting a whopping $120 billion on just two assets. The chairman and CEO of Berkshire Hathaway has allocated 40.1% of the firm’s portfolio to Apple (AAPL) and American Express (AXP), according to new SEC filings. Berkshire initiated its investment in Apple back in 2016 and has adjusted its holdings multiple […]

The post Billionaire Warren Buffett Bets $120,000,000,000 on Two Assets After Dumping Bank of America, JPMorgan Chase, Wells Fargo appeared first on The Daily Hodl.

Pastor Lorenzo Sewell Launches His Own Meme Coin