An ex-JPMorgan Chase executive has admitted to stealing $2.4 million from the banks’ clients, new court documents show. In a judgment filed on March 15th at the US District Court in the Southern District of New York, Judge Denise L. Cote sentences Kevin Chiu to 48 months in prison after he pleaded guilty to bank […]
The post JPMorgan Chase Executive Steals $2,400,000 From Customers, Admits To Taking Cash from 74-Year Old Wheelchair-Bound Client appeared first on The Daily Hodl.
A state-owned bank is clawing back millions of dollars from customers after a “routine system update” allowed people to take out more money than they had in their accounts. The Commercial Bank of Ethiopia (CBE) says $14 million was drained in a matter of hours as news of the bank’s malfunctioning system spread quickly among […]
The post Bank Lets Customers Withdraw More Than Available Balance, Triggering $14,000,000 Exodus in Matter of Hours: Report appeared first on The Daily Hodl.
A total of 282 US banks with $900 billion in total assets are suffering from a “toxic combo” that could push them to the brink of failure, according to a new report. According to the consulting firm Klaros Group, the banks in question simultaneously have large levels of exposure to commercial real estate and significant […]
The post 282 US Banks Suffer ‘Toxic Combo’ That Could Trigger Collapse, With $900,000,000,000 in Total Assets at Stake: Report appeared first on The Daily Hodl.
An Atlanta woman says a popular US bank abruptly froze her account and refused to let her cash out, leaving her to fend for herself. Shelley Camp says Green Dot locked her out of her bank account out of nowhere for “unusual activity,” reports the ABC-affiliated news station WSB-TV. Camp says she was out of […]
The post Billion-Dollar Bank Abruptly Freezes Woman’s Account and Refuses To Return Funds, Forcing Her To Rely on Family and Friends for Survival: Report appeared first on The Daily Hodl.
The Federal Reserve and the Office of the Comptroller of the Currency (OCC) are hitting banking giant JPMorgan Chase with a $348.20 million fine in a coordinated enforcement action. Both the Fed and the OCC say JPMorgan engaged in “unsafe or unsound banking practices” in relation to its trade surveilling program. The OCC says that […]
The post JPMorgan Chase Paying $348,200,000 Penalty, Issued Cease-and-Desist Order Over ‘Unsafe or Unsound’ Banking Practices appeared first on The Daily Hodl.
JPMorgan Chase reportedly refuses to reimburse a customer who says she warned the bank of suspicious activity – and then watched scammers drain her account over the course of three days. Houston resident Cindy Little says she recently received a text message from Chase letting her know that an “unknown” person had been added as […]
The post JPMorgan Chase Refuses To Reimburse Customer After $7,900 Drained From Bank Account in Brutal Three-Day Hack: Report appeared first on The Daily Hodl.
A new lawsuit accuses Bank of America of abruptly seizing and refusing to return millions of dollars in assets that belong to a customer. The complaint alleges BofA cracked open a safe deposit box belonging to Canadian coin collector Levend Coskun, taking a large collection of gold and silver coins without proper notice. According to […]
The post Bank of America Allegedly Takes $3,600,000 Treasure Trove From Customer, Refuses To Return Millions in Assets: New Lawsuit appeared first on The Daily Hodl.
A former JPMorgan Chase employee in Columbus, Ohio is heading to federal prison for stealing thousands of dollars from customers – while emptying people’s pockets in an online romance scam. Prince Oduro has been sentenced to 8.5 years in prison for money laundering and wire fraud, reports the NBC-affiliated news station WCMH-TV. The 34 year-old […]
The post JPMorgan Chase Employee Steals $1,800,000 From Customers and Victims of Elaborate Romance Scam: Report appeared first on The Daily Hodl.
More than a dozen state attorneys general (AGs) are accusing banking titan Wells Fargo of abruptly terminating customers’ accounts without warning. In a letter addressed to Wells Fargo CEO Charles Scharf, 16 AGs from across the country accuse the trillion-dollar lender of debanking customers in a discriminatory manner. According to the AGs, the pattern is […]
The post Wells Fargo Abruptly Terminating Customers’ Bank Accounts, Say Attorneys General in 16 States, Demanding Immediate Freeze on Lender’s Alleged Debanking Practices appeared first on The Daily Hodl.
This weekend, many are intrigued by the potential outcomes following the cessation of the U.S. Federal Reserve’s Bank Term Funding Program (BTFP), launched amidst the significant banking collapses in March 2023. Some argue that the banking turmoil is far from over, suggesting it has merely been postponed, with institutions like New York Community Bancorp (NYCB) […]