$359,320,000,000 Yanked Out of American Banks in One Year, New US Banking Crisis ‘All Too Likely’ in 2024: Ex-IMF Official

January 7, 2024 The Daily Hodl

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An International Monetary Fund (IMF) insider says a new reckoning in the US banking industry is “all too likely.” Desmond Lachman, former Deputy Director at the IMF’s Policy Development and Review Department, says he expects 2024 to be a rough year for American banks, the Chinese state-run Xinhua reports. Says Lachman, “It is all too […]

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Brazil’s Congress to weigh Bitcoin Reserve as hedge against global risks

JPMorgan Chase Freezes, Eliminates Bank Account Without Warning, Explanation or Redemption: New Accusations

January 6, 2024 The Daily Hodl

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JPMorgan Chase is facing fresh accusations of locking down and terminating a customer’s bank account over unfounded concerns of suspicious activity. In a new post on the r/Chase Reddit forum, a user says a new Chase bank account has been abruptly shut down without warning or explanation. After getting their account set up, the poster […]

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Brazil’s Congress to weigh Bitcoin Reserve as hedge against global risks

$1,000,000,000 in Unclaimed Assets Sitting in Bank Accounts and Owed to Customers in One US State: Report

January 5, 2024 The Daily Hodl

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The amount of unclaimed cash and property unwittingly owned by Americans has surpassed $1 billion in one US state. Stats from North Carolina’s Treasury Department show residents have a significant pile of essentially free money waiting for them, reports the Charlotte-based NBC-affiliated news station WCNC. The unclaimed assets are hiding in a long list of […]

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Brazil’s Congress to weigh Bitcoin Reserve as hedge against global risks

EU To Investigate Links Between Banks and Non-Bank Entities, Including Crypto Firms: Report

January 4, 2024 The Daily Hodl

Banks

Regulators in the European Union will reportedly probe into the connection between banks and non-bank financial institutions (NBFIs) amid concerns that stress in the so-called shadow banks may cascade into the wider financial system. According to a new report from Financial Times, European Banking Authority (EBA) chair José Manuel Campa says that regulators will ramp […]

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Brazil’s Congress to weigh Bitcoin Reserve as hedge against global risks

US Lender Exposes 14,000,000 Social Security Numbers, Bank Account Numbers and Other Sensitive Information in Massive Data Breach

December 31, 2023 The Daily Hodl

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One of the largest mortgage lenders in the country just suffered a massive security breach that enabled hackers to access the personal information of millions of customers. In a filing with the Office of the Maine Attorney General, the home loan services company Mr. Cooper reveals that bad actors stole sensitive information belonging to 14,690,284 […]

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Brazil’s Congress to weigh Bitcoin Reserve as hedge against global risks

Trillion-Dollar Bank Pays $2,950,000 Fine for Lying to Clients, Routinely Overcharging Customers

December 30, 2023 The Daily Hodl

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A banking giant with $1.80 trillion in assets under management is paying a multi-million dollar civil penalty for making false statements to clients and overcharging customers. In a press release, the Monetary Authority of Singapore (MAS) says it’s hitting Credit Suisse with a $3.9 million SGD ($2.90 million) fine for failing to stop illegal practices […]

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Brazil’s Congress to weigh Bitcoin Reserve as hedge against global risks

JPMorgan Chase Issues Major Economic Alert As 2024 Arrives, Warns Market Declines and Volatility Incoming: Report

December 30, 2023 The Daily Hodl

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Analysts at America’s biggest bank are sending a fresh warning to investors as the new year arrives. In a new note to clients, JPMorgan chief market strategist Marko Kolanovic predicts declining growth and a likely recession will stifle US equities, reports Yahoo! Finance. Kolanovic believes US markets are stuck in a catch-22 situation, and says […]

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Brazil’s Congress to weigh Bitcoin Reserve as hedge against global risks

JPMorgan Chase Allegedly Refuses to Reimburse Customer After Thief Launches $1,500 Spending Spree on Uber: Report

December 24, 2023 The Daily Hodl

JPMorgan Chase Allegedly Refuses to Reimburse Customer After Thief Launches ,500 Spending Spree on Uber: Report

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JPMorgan Chase is accused of refusing to stand by a customer after a thief launched an alleged $1,500 unauthorized spending spree on Uber. A post shot to the top of the r/Chase community forum on Reddit this week as a woman said someone stole her debit card information and spent about $1,500 in 40 transactions. […]

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Brazil’s Congress to weigh Bitcoin Reserve as hedge against global risks

JPMorgan Chase Accused of Destroying $50,000,000 Fortune With Risky Bets As Investor Slipped Into Dementia

December 24, 2023 The Daily Hodl

JPMorgan Chase Accused of Destroying ,000,000 Fortune With Risky Bets As Investor Slipped Into Dementia

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The family of a high net-worth investor who’s suffering from dementia claims the banking giant took advantage of an ailing man and squandered a $50 million fortune. Yoon Doelger says her now 86 year-old husband Peter had begun treatment for dementia when he signed a letter absolving the bank of liabilities for losses incurred as […]

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Brazil’s Congress to weigh Bitcoin Reserve as hedge against global risks

JPMorgan Chase Abruptly Freezes, Terminates Account After Customer Deposits $5,298, Refusing All Attempts To Verify Transaction: Report

December 16, 2023 The Daily Hodl

JPMorgan Chase Abruptly Freezes, Terminates Account After Customer Deposits ,298, Refusing All Attempts To Verify Transaction: Report

bank

An JPMorgan Chase customer says she’s practically homeless after the bank froze and then terminated her account when she deposited a government check. Lois White was thrilled when she found out she’s one of the 800,000 Americans who qualified for a one-time payment adjustment that forgave her student loans, reports the Atlanta-based ABC-affiliated news station […]

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