A grandmother with a terminal illness says an Australia-based bank should have been able to stop a scam as it unfolded in real time. Lyn Reads says she’s a victim of a scammer who stole about $50,000 AUD – worth about $32,000 USD – from her bank account, reports the Australian Broadcasting Corporation. Reads initially received […]
The post Bank Refuses To Reimburse $32,000 Stolen From Grandma With Terminal Illness in Text Message Scam: Report appeared first on The Daily Hodl.
A bank with more than $250 billion in total assets says it will soon terminate cash transactions in all of its branches. The Australia-based Macquarie Bank says it will launch a plan to eliminate all cash, check and phone payment services in January, shifting to a digital operation by the end of the 2024. “Between […]
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A woman in Arizona says her life savings of $120,000 has disappeared from her bank account – and her bank is now giving her the boot. Margaret Lomax says she transferred the money to her Citibank account from a regional California bank called Farmers & Merchants, reports the CBS-affiliated news station KPHO. Lomax says her […]
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A new lawsuit alleges Wells Fargo seized a customer’s funds and shut down his bank account over a legitimate $207,765 deposit. Ethan Parker says he opened a new account at the bank late last year specifically to deposit a large check that he received after the death of his adoptive mother. But 15 days after […]
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Four banking giants are preparing to pay nearly half a billion dollars to settle a class action lawsuit brought against them for allegedly attempting to thwart competition in the stock-lending market. JPMorgan, Goldman Sachs, UBS and Morgan Stanley have agreed to collectively pay $499 million to end the suit, which was filed in 2017 by […]
The post JPMorgan Chase, Goldman Sachs, UBS and Morgan Stanley Agree To Pay $499,000,000 Over Anti-Competitive Accusations appeared first on The Daily Hodl.
A victim of a sophisticated banking scam says his bank is now charging interest on a line of credit that a con artist took out. James Mathelier says he received a call with the same caller-ID as his bank, the multi-billion dollar Bank of Montreal (BMO), reports CBC News. A scammer told the 63-year old […]
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Billionaire investor Ray Dalio believes a historically massive transfer of wealth has been quietly boosted by central banks around the world. An estimated $73 trillion transfer of wealth is now underway as baby boomers bequeath assets to the next generation, reports Fortune. And according to a new economic update from Dalio, that wealth transfer has […]
The post $73,000,000,000,000 Wealth Transfer Incoming – Here’s Who Will Gain the Most, According to Billionaire Ray Dalio appeared first on The Daily Hodl.
One of the largest banks in Australia says it may freeze and terminate customer accounts that engage in certain types of “unacceptable account conduct.” National Australia Bank says a new policy launching in November is designed to protect people from harm by automatically flagging customer transactions that include a long list of banned words in […]
The post Billion-Dollar Bank Says It May Freeze, Terminate Accounts Sending ‘Unacceptable’ Transactions – Here’s What It Means appeared first on The Daily Hodl.
A New York-based bank says a global cybersecurity incident has exposed sensitive customer data. In a letter to customers, M&T Bank says the exploit involves the file transfer tool MOVEit, which is used to securely send and receive confidential information. According to the bank, the attacker was able to access customer data by targeting one […]
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JPMorgan Chase says a customer who lost $24,000 in a sophisticated scam is out of luck – even though the funds were sent directly to a Chase bank account used by the scammer. New Jersey resident Todd Kirby says he received a text message on June 6th that appeared to be from Chase, asking if […]
The post JPMorgan Chase Rejects Customer’s Plea for Reimbursement After Criminal With Chase Bank Account Steals $24,000 appeared first on The Daily Hodl.
