US banking giant Wells Fargo is now holding a spot Bitcoin ETF on behalf of its clients, according to a new filing with the SEC. The bank’s Form F13 filing, which requires institutional investment managers to disclose their holdings, says Wells Fargo is holding 2,245 shares of the Grayscale Bitcoin Trust (GBTC), which was converted […]
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JPMorgan Chase says it has discovered a data breach affecting the personal information of nearly half a million customers. New filings with the Office of the Maine Attorney General show the banking giant recently found a software issue that’s been active since August 26th, 2021. The bug allowed unauthorized access to retirement plan records of […]
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One of the largest banks in Australia is rolling out a plan to terminate cash and checking services. In an update on its website, Macquarie Bank, which has $267 billion in assets, tells customers that a digital-centered banking experience will begin in November. “In case you missed it, we’re phasing out our cash and cheque […]
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Central banks are in the midst of a gold buying spree, according to new numbers from the World Gold Council (WGC). The organization says central banks added $24 billion of gold, weighing 290 tonnes, to their coffers in the first quarter of this year. That’s the strongest level of net demand for any quarter on […]
The post World’s Central Banks Buy $24,000,000,000 in Gold in Three Months, Setting New Record: Report appeared first on The Daily Hodl.
An employee at a billion-dollar bank has reportedly been arrested and accused of stealing money from the account of a deceased customer. Latia Wynn of Wilmington, Delaware, was arrested by police for allegedly withdrawing $44,000 from a deceased customer’s account at WSFS Bank, NBC affiliate Philadelphia10 reports. When one of its customers passed away in […]
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JPMorgan Chase will pay a total of $448 billion to US regulators for failing to monitor potential market misconduct on billions of transactions in its global trading operation. In a filing with the U.S. Securities and Exchange Commission (SEC), the banking giant says it has made a deal with an unnamed US regulator that will […]
The post JPMorgan Chase Paying $448,000,000 Fine To US Regulators for Failing To Monitor Billions of Transactions on Bank’s Global Trading Venues appeared first on The Daily Hodl.
Two Wells Fargo customers are calling out the banking giant after scammers ripped tens of thousands of dollars from their accounts in a matter of minutes. Jolinda Crocker says $60,000 was ripped from her account while she was teaching at her music school in Italy, reports the Daily Mail. Crocker says she received a text […]
The post $83,000 Drained From Wells Fargo Accounts in Minutes – Customers Say Bank ‘Rolling Their Eyes,’ Blaming Them, Refusing To Reimburse appeared first on The Daily Hodl.
JPMorgan Chase, Bank of America and Citibank are keeping trillions of dollars in unknown and potentially risky assets off of their balance sheets, according to new data from the US government. The new numbers – compiled by the Federal Financial Institutions Examination Council (FFIEC) and first reported on by Wall Street on Parade – show JPMorgan […]
The post JPMorgan Chase, Bank of America and Citibank Holding $7,427,000,000,000 Off-Balance Sheet in Potentially Dangerous Cocktail of Unknown Assets: Report appeared first on The Daily Hodl.
Following the dramatic bank failures last year and the recent collapse of Philadelphia’s Republic First Bank last week, an analysis by Klaros Group indicates that hundreds of U.S. banks are at risk of failure. The study reveals that smaller and regional banks are experiencing stress due to burdensome commercial real estate loans and the current […]
People are once again pulling their money out of the US banking system. The latest data from the Federal Reserve Economic Data (FRED) system shows total deposits in all commercial banks fell $133.163 billion in seven days, from $17.580 trillion on April 10th to $17.446 trillion on April 17th. The new numbers have erased gains that […]
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