A massive chunk of all US banking customers have recently experienced some type of fraud on their accounts, according to a new study. Consumer insights and analytics firm J.D. Power says the study shows 29% of US bank customers and 22% of credit card users – at banks like Wells Fargo, Bank of America and […]
The post Nearly One-Third of All Customers at US Banks Have Experienced Fraud in Last 12 Months: Study appeared first on The Daily Hodl.
An employee at US banking giant has been indicted, accused of stealing sensitive information from the lender’s customers and sharing it with accomplices. Manhattan District Attorney Alvin Bragg says Daria Sewell worked in TD Bank’s anti-money laundering department from 2023 to May 2024, the period she is alleged to have committed the crime. “Through her position […]
The post $500,000 Drained From American Bank Accounts As Insider Allegedly Steals Customers’ Sensitive Information, Sells Trove To Accomplices on Telegram: Manhattan District Attorney appeared first on The Daily Hodl.
Several Wall Street banking giants are forecasting blue skies for US equities – at least until 2024 comes to a close. Morgan Stanley chief US equity strategist Mike Wilson tells Bloomberg that he expects the S&P 500 to revisit all-time high levels by the end of the year. But Wilson warns equities will likely see […]
The post JPMorgan Chase, Morgan Stanley and Citi Say Raging Bull Market Not Over Yet – Here’s Their Outlook appeared first on The Daily Hodl.
Six US banks are reporting potential security breaches of debit cards, with several forcing affected customers to get replacements. In new filings with the Massachusetts state government, Mainstreet Bank, Savers Bank, The Village Bank, Watertown Savings Bank, Webster Five Cents Savings Bank and Eagle Bank say some debit cards may have been compromised following a […]
The post Six US Banks Issue Urgent Debit Card Alerts, Forcing Mandatory Replacements for Many, After Third-Party Security Breach appeared first on The Daily Hodl.
An Omaha grandmother is fighting for reimbursement from Wells Fargo after her savings were drained by someone claiming to work at the bank. Arlene Gibbs says she received worrying text messages telling her that three of her accounts had been compromised and that further action was required, reports the NBC-affiliated news station WOWT. Gibbs says the […]
The post Wells Fargo Refuses To Reimburse Customer After $15,000 Drained From Account in Sophisticated Scam: Report appeared first on The Daily Hodl.
The second-largest US bank by total assets says it’s preparing for significant losses due to ongoing regulatory issues. In a new filing with the U.S. Securities and Exchange Commission (SEC), Bank of America says it faces a “reasonably possible and estimable” loss of up to $800 billion due to investigations from the Consumer Financial Protection […]
The post Bank of America Bracing for $800,000,000 Loss As Investigators Probe BofA, JPMorgan Chase and Wells Fargo’s Alleged Refusal To Reimburse Customers appeared first on The Daily Hodl.
A US bank is warning customers of a security “intrusion” that may have compromised Mastercard account numbers and other financial data. Maryland-based Eagle Bank says it has received a notice from Mastercard, stating an unnamed US merchant allowed unauthorized access to account information between August 15th, 2023, and May 25th, 2024. The bank revealed the […]
The post Mysterious Mastercard Data Breach Triggers Bank Warning As Customers Urged To ‘Pay Close Attention’ To Money Movements appeared first on The Daily Hodl.
JPMorgan Chase is refusing to pay a monthly pension to a widow whose husband worked at the bank for 10 years before his untimely death. Elaine Silverberg’s departed spouse Melvyn worked as a systems analyst at Chase Manhattan Bank from 1969 to 1979, reports the New York Post. Melvyn died in 1988 due to multiple […]
The post JPMorgan Chase Denies $53,000 Pension Payout, Widow Says Bank Treated Her Like ‘Insignificant Cockroach To Be Stepped On’: Report appeared first on The Daily Hodl.
American investment bank Citi and asset manager Fidelity have teamed up to develop a blockchain-based investment fund that can power real-time settlements. In a statement, Citi and Fidelity International introduce the proof-of-concept of an on-chain money market fund (MMF) with digital foreign exchange (FX) swap that can execute programmable multi-asset transactions on-chain, which is not […]
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JPMorgan Chase says the incoming Trump administration could boost both Bitcoin (BTC) and gold. In a note to clients, the US bank says that if Republicans gain control of the House in addition to the Senate, a weaker dollar is likely as stimulus is poured into the system, reports Barron’s. This, combined with potential further […]
The post JPMorgan Chase Forecasts ‘Additional Upside’ for Bitcoin, Crypto and Gold As Trump Retakes White House: Report appeared first on The Daily Hodl.
