Several major banks are confirming the spread of a new banking scam that utilizes the unusual name “Jet Frog”. News.com.au is warning millions of banking customers to watch for pending withdrawals labeled Jet Frog on their credit and debit card statements. One of the first victims to speak out on social media reportedly spotted a […]
The post Fraudulent ‘Jet Frog’ Withdrawals Hit Bank Accounts As Millions Warned To Watch for Unusual Activity appeared first on The Daily Hodl.
A Bank of America customer says she’s stunned after losing control of her phone and watching $17,000 disappear from her bank account in a matter of minutes. And to make matters worse – the bank’s two-factor authentication system (2FA) was a key element of the criminal’s success. Sharon Hussey says an impostor recently walked into […]
The post $17,000 Stolen From Bank of America Account in ‘Stunning’ Phone Hack – Why Two-Factor Authentication ‘Hijacked Everything’ appeared first on The Daily Hodl.
The Federal Reserve and New York Department of Financial Services (DFS) just announced a multi million-dollar settlement with a Beijing-based banking giant. The US agencies say the Industrial and Commercial Bank of China (ICBC) will pay a total of $32.4 million for failing to follow the Bank Secrecy Act and Anti-Money Laundering laws, neglecting to […]
The post World’s Largest Bank To Pay $32,400,000 for Violating Bank Secrecy Act, Backdating Documents and Exposing Confidential Information appeared first on The Daily Hodl.
JPMorgan Chase says a customer in Utah will not be reimbursed after scammers ripped $20,000 from her account while she was on vacation. Kathryn England was in Florida when someone supposedly from the “fraud department” at Chase gave her a call, reports the NBC-affiliated news station KSL-TV. The man on the other end told England […]
The post Scammers Drain $20,000 From JPMorgan Chase Account As ‘Banking Loophole’ Leaves Customer Without Protection: Report appeared first on The Daily Hodl.
A North Carolina couple who says a pile of money mysteriously vanished from their account has been denied reimbursement from banking giant Wells Fargo. Susan Cheek says she and her husband quickly noticed when $1,200 was sent from their Wells Fargo bank account to Western Union in two unauthorized transactions, reports the CBS-affiliated news station […]
The post Wells Fargo Refuses to Reimburse Customers After Mysterious Withdrawals Discovered – Here’s Why the Bank Won’t Budge appeared first on The Daily Hodl.
A US banking giant has agreed to pay a quarter of a billion dollars for promising confidentiality to clients – and revealing their information to gain a market advantage. The U.S. Securities and Exchange Commission (SEC) says it’s charging Morgan Stanley and its former head of equity syndicate desk, Pawan Passi, with fraud for disclosing […]
The post US Banking Giant Paying $249,000,000 Fine for Abusing Markets, Reaping Millions From Confidential Information appeared first on The Daily Hodl.
A JPMorgan Chase customer says the bank has decided not to rectify or even investigate the theft of $10,000 from a primary checking account. Arizona customer Cate Dutler says she mailed a check to a relative in Chicago that never arrived, reports the CBS-affiliated news station WTOC. Instead, her online account showed the check had […]
The post JPMorgan Chase Doing Nothing After $10,000 Exits Customer’s Account in Sophisticated Scam: Report appeared first on The Daily Hodl.
Optimism in the US banking industry is being threatened by a growing pile of bad loans, putting pressure on the sector’s biggest players. Bloomberg analysts say non-performing loans, or loans to debtors that haven’t made a payment in over 90 days, rose to a combined $24.4 billion in the last quarter of 2023 for JPMorgan […]
The post JPMorgan Chase, Bank of America, Wells Fargo and Citigroup Risk Losing $24,400,000,000 As Number of Troubled Loans Erupt: Report appeared first on The Daily Hodl.
An Indiana woman is issuing a warning after she was targeted by online scammers days after losing her husband. Selena Bell was grieving the loss of her husband Tyrone, who served three tours in Iraq and was awarded the Purple Heart, when she received a fraud alert via text message, reports CBS 2 in Chicago. […]
The post Billion-Dollar Bank Clears Fake Check As Grieving Widow’s Bank Account Drained To -$5,034: Report appeared first on The Daily Hodl.
French banking giant BNP Paribas has reached a $658 million settlement with regulators to compensate customers who were not properly informed about risky mortgages. The loans in question were taken out in 2008 and 2009 in Swiss francs, which, especially during times of uncertainty, are often viewed as a safe haven currency. However, since the […]
The post World’s Ninth-Largest Bank Paying $658,000,000 Settlement After Failing To Reveal Risk of Mortgages appeared first on The Daily Hodl.
