A New York bank with $113.9 billion in assets is reportedly in trying to raise cash as its stock nosedives 40% in a matter of hours. New York Community Bank’s (NYCB) stock fell so far so fast that trading was halted “pending imminent news,” according to multiple reports. The Wall Street Journal says the bank […]
The post New York Bank Reportedly in Crisis Mode – Stock Frozen After 40% Nosedive As Lender Tries to Raise Cash appeared first on The Daily Hodl.
A former IMF official believes the U.S. Federal Reserve has pushed America to the brink of another banking crisis. Desmond Lachman, who was deputy director in the International Monetary Fund’s (IMF) Policy Development and Review Department, says in a new blog post for public policy think tank The American Enterprise Institute (AEI) that Fed Chair […]
The post America on Eve of Banking Crisis, Warns Ex-IMF Official, With Hundreds of Lenders at Risk of Failure appeared first on The Daily Hodl.
A Wells Fargo branch manager has stolen over $1 million from customers via unauthorized cash withdrawals, money transfers and cashier’s checks, according to a statement from the U.S. Attorney’s Office in the Western District of Washington. Prosecutors say Brian Davie targeted eight different victims, one of them being a woman who lost over $566,000 from her […]
The post Wells Fargo Executive Drains $1,279,840 From Elderly and Disabled Customers’ Bank Accounts – Here’s How He Broke the System appeared first on The Daily Hodl.
Banking giant JPMorgan Chase reportedly refused to refund a customer who was forced to make a transfer while staring down the barrel of a gun. Chicago resident Victoria Karwowski says she and her roommate were suddenly approached by a group of thieves who wanted to drain her Chase account, reports ABC Chicago. “All three of […]
The post JPMorgan Chase Refuses To Reimburse Customer Robbed at Gunpoint – Here’s How the Victim Fought Back appeared first on The Daily Hodl.
Officials in one of the richest cities in the world are scrambling to claw back funds after a big banking glitch gave tens of thousands of employees a massive payday. On Monday, 30,000 Zurich city employees received double their February salary after a software hiccup caused the erroneous transfer of an additional 175 million Swiss […]
The post Banking Glitch Sends $200,000,000 To 30,000 People in Error, Triggering Mad Dash To Claw Back Funds: Report appeared first on The Daily Hodl.
A Wells Fargo customer says she’s still in disbelief after losing thousands of dollars to a banking scam that’s sweeping the nation. San Francisco resident Eileen Loughran recently received what appeared to be a normal text message from Wells Fargo asking if she’d authorized a $957 transfer through the payments network Zelle, reports ABC7 News. […]
The post Wells Fargo Customer in Disbelief After Thousands Stolen From Account – Why the Bank Denies Responsibility As Scam Sweeps Across US appeared first on The Daily Hodl.
A New York bank with $113.9 billion in assets is on the brink after revealing its balance sheet is far worse than investors already knew. New York Community Bank (NYCB) initially triggered fears of a wider banking crisis when Moody’s downgraded its credit rating last month due to “multi-faceted financial, risk-management and governance challenges.” Now, […]
The post New York Bank Facing Potential Collapse After Revealing $2,400,000,000 in Losses, Citing ‘Material Weakness’ in Risk Management appeared first on The Daily Hodl.
Security researchers say they’re tracking a new Apple iOS trojan that’s designed to give criminals access to victims’ bank accounts. The cybersecurity firm Group-IB says the trojan was deployed by a Chinese cybercrime group and collects a trove of sensitive data from affected users, reports Security Week. The malicious code is able to collect facial […]
The post Apple iOS Trojan Allows Hackers To Access Bank Accounts, Security Researchers Warn – Here’s How It Works appeared first on The Daily Hodl.
A group of JPMorgan Chase customers are banding together to sue the banking giant, claiming they were forced to pay “unconscionable and predatory” fees. The lawsuit accuses Chase of hitting customers with as much as $30 in fees for checks that bounced through no fault of their own, reports Forbes. “The five customers – who […]
The post JPMorgan Chase Customers Forced to Pay ‘Unconscionable and Predatory’ Fees Despite Doing Nothing Wrong: $5,000,000 Lawsuit appeared first on The Daily Hodl.
