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Billion-Dollar Bank Facing Class Action Compliant After Data Breach Exposes Customers’ Names, Social Security Numbers and Other Sensitive Information

Billion-Dollar Bank Facing Class Action Compliant After Data Breach Exposes Customers’ Names, Social Security Numbers and Other Sensitive Information

A US bank is facing a proposed class action lawsuit for allegedly failing to protect its customers’ sensitive personal information and suffering a massive data breach. SouthState Bank, which has over $45 billion in assets, is being hit with a class action lawsuit led by plaintiff Latonya Gore in Florida, filings show. The suit concerns […]

The post Billion-Dollar Bank Facing Class Action Compliant After Data Breach Exposes Customers’ Names, Social Security Numbers and Other Sensitive Information appeared first on The Daily Hodl.

Base sees record 106 TPS as total value locked crosses $10B

JPMorgan Chase and Bank of America Suffer $4,500,000,000 in Losses As ‘Unrecoverable Debt’ Soars: Report

JPMorgan Chase and Bank of America Suffer ,500,000,000 in Losses As ‘Unrecoverable Debt’ Soars: Report

The two largest banks in the US say they expect to lose a collective $4.5 billion from customers who are essentially unable to pay their bills. JPMorgan Chase says its net charge-offs, which are debts that the bank does not expect to receive, hit $2 billion in the first quarter of this year, reports Reuters. […]

The post JPMorgan Chase and Bank of America Suffer $4,500,000,000 in Losses As ‘Unrecoverable Debt’ Soars: Report appeared first on The Daily Hodl.

Base sees record 106 TPS as total value locked crosses $10B

Philadelphia’s Republic First Bank Closed by Regulators, Assets Assumed by Fulton Bank

Philadelphia’s Republic First Bank Closed by Regulators, Assets Assumed by Fulton BankIn the wake of a turbulent period for U.S. banks, the Pennsylvania Department of Banking and Securities has shut down Philadelphia-based Republic First Bank, also known as Republic Bank. The Federal Deposit Insurance Corporation (FDIC) has stepped in as receiver, with Fulton Bank assuming nearly all deposits and assets. Republic First Bank Shuttered as FDIC […]

Base sees record 106 TPS as total value locked crosses $10B

$10,000,000,000 Bank Shut Down by US Regulators in First Bank Failure of 2024

,000,000,000 Bank Shut Down by US Regulators in First Bank Failure of 2024

US regulators just announced the first bank failure of 2024. The FDIC says it has stepped in to protect $6 billion in assets and $4 billion in customer deposits at Philadelphia-based Republic Bank. The assets will be immediately handed over to Fulton Bank, a former rival that’s also located in Philadelphia. “Republic Bank’s 32 branches […]

The post $10,000,000,000 Bank Shut Down by US Regulators in First Bank Failure of 2024 appeared first on The Daily Hodl.

Base sees record 106 TPS as total value locked crosses $10B

$30,000 in JPMorgan Chase Account Disappears in One Day, Customer Says Bank’s Refusal To Reimburse Is Blowing His Mind: Report

,000 in JPMorgan Chase Account Disappears in One Day, Customer Says Bank’s Refusal To Reimburse Is Blowing His Mind: Report

A JPMorgan Chase customer in Oregon says his nest egg vanished in one day after thieves siphoned $30,000 from his account. Alan Roberts says someone made a flurry of unauthorized transfers from his Chase business account on March 18th, reports the NBC-affiliated KGW News. According to Alan, his funds were diverted to a number of […]

The post $30,000 in JPMorgan Chase Account Disappears in One Day, Customer Says Bank’s Refusal To Reimburse Is Blowing His Mind: Report appeared first on The Daily Hodl.

Base sees record 106 TPS as total value locked crosses $10B

Bank Withdrawal Access Denied To Thousands in Australia As Customers Forced To Move 500 Miles To Get Cash: Report

Bank Withdrawal Access Denied To Thousands in Australia As Customers Forced To Move 500 Miles To Get Cash: Report

A group of banking customers in Australia are feeling the repercussions of a shift toward a cashless society, according to a new report. 4,500 Residents living in the town of Kununurra are now facing a 500 mile journey to the closest bank, reports Yahoo Finance. The town, located in Western Australia, used to have brick-and-mortar […]

The post Bank Withdrawal Access Denied To Thousands in Australia As Customers Forced To Move 500 Miles To Get Cash: Report appeared first on The Daily Hodl.

Base sees record 106 TPS as total value locked crosses $10B

$21,000 Drained From Bank of America Account As Customer Blasts Industry’s Push To Protect Trillions of Dollars

,000 Drained From Bank of America Account As Customer Blasts Industry’s Push To Protect Trillions of Dollars

A Bank of America customer says he lost tens of thousands of dollars after bad actors found a way to hijack his account. California resident Jeff Drobman says the theft began when his phone abruptly came alive with multiple notifications from his Bank of America app, reports NBC Los Angeles. “I started to get notifications […]

The post $21,000 Drained From Bank of America Account As Customer Blasts Industry’s Push To Protect Trillions of Dollars appeared first on The Daily Hodl.

Base sees record 106 TPS as total value locked crosses $10B

$38,400,000,000 in Deposit Flight Hits Wells Fargo and Citigroup in One Year As JPMorgan Chase CEO Issues Warning To Federal Reserve

,400,000,000 in Deposit Flight Hits Wells Fargo and Citigroup in One Year As JPMorgan Chase CEO Issues Warning To Federal Reserve

New numbers show two of the largest banks in the US are witnessing billions of dollars in deposit flight. Quarterly earnings data shows Citigroup’s deposits dropped from $1.3305 trillion in Q1 of 2023 to $1.3072 trillion in Q1 of this year – a reduction of $23.3 billion in a span of 12 months. Meanwhile, deposits […]

The post $38,400,000,000 in Deposit Flight Hits Wells Fargo and Citigroup in One Year As JPMorgan Chase CEO Issues Warning To Federal Reserve appeared first on The Daily Hodl.

Base sees record 106 TPS as total value locked crosses $10B

$930,000,000,000 Wave of Debt Descending on US Banks As Hope for Interest Rate Reversal Fades: Former IMF Deputy Director

0,000,000,000 Wave of Debt Descending on US Banks As Hope for Interest Rate Reversal Fades: Former IMF Deputy Director

An IMF insider is warning of another US banking crisis amid hot inflation, dwindling hope of interest rate cuts from the Fed and fears of mounting crisis in the real estate market. Writing for the American Enterprise Institute where he’s a senior fellow, former IMF Deputy Director Desmond Lachman notes that regional banks are dangerously […]

The post $930,000,000,000 Wave of Debt Descending on US Banks As Hope for Interest Rate Reversal Fades: Former IMF Deputy Director appeared first on The Daily Hodl.

Base sees record 106 TPS as total value locked crosses $10B