$600,000 Drained From Woman’s Bank Accounts As Morgan Stanley, JPMorgan Chase Issue Repeated Warnings To Customer: Report

December 7, 2024 The Daily Hodl

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An elderly woman has lost her life savings to a sophisticated scam amid warnings from JPMorgan Chase and Morgan Stanley, according to a new report. Retired therapist Judith Boivin lost about $600,000 after scammers made her believe she was an integral part of an undercover government operation, reports The Washington Post. Boivin says the bad […]

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FDIC asked banks to ‘pause’ crypto activities — Court docs

December 6, 2024 Coin Telegraph

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Coinbase chief legal officer Paul Grewal claimed the letters provided evidence that an alleged US government attempt to debank firms “wasn’t just some crypto conspiracy theory.”

Court documents filed in a Freedom of Information Act (FOIA) lawsuit against the United States Federal Deposit Insurance Corporation (FDIC) showed the US regulatory body asked certain financial institutions to pause crypto banking activities.

In a Dec. 6 filing in the US District Court for the District of Columbia, the court released “pause letters” sent by FDIC officials to the boards of directors for different US banks, whose names were redacted.

According to the letters sent in 2022, the FDIC requested the institutions “pause all crypto asset-related activity” in response to the uncertain regulations around digital assets.

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Billionaire Ken Fisher Pours $800,000,000 Into JPMorgan Chase in Massive Bet on US Bank – Here’s His Top Picks As 2025 Arrives

December 2, 2024 The Daily Hodl

Billionaire Ken Fisher Pours 0,000,000 Into JPMorgan Chase in Massive Bet on US Bank – Here’s His Top Picks As 2025 Arrives

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Billionaire Ken Fisher is dramatically increasing his firm’s position in US banking giant JPMorgan Chase. New SEC filings show Fisher, who founded the $244 billion Fisher Asset Management, has increased the firm’s JPMorgan Chase (JPM) holdings by about $800 million in Q3, adding 4.04 million shares. That’s a 31% rise in the firm’s exposure to […]

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JPMorgan Chase Paying $1,790,000 Penalty for Overcharging Clients in Singapore, Failing to Stop Employee Misconduct

December 2, 2024 The Daily Hodl

JPMorgan Chase Paying ,790,000 Penalty for Overcharging Clients in Singapore, Failing to Stop Employee Misconduct

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JPMorgan Chase is paying a $1.79 million penalty for overcharging a group of clients in Singapore. The Monetary Authority of Singapore (MAS) says the banking giant has admitted it’s liable for failing to discover and stop misconduct by its relationship managers. The agency says the managers provided incorrect information to clients while executing 24 over-the-counter […]

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$16,800,000 Drained From Official Bank Accounts As Uganda Central Bank Hacked: Report

November 30, 2024 The Daily Hodl

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Uganda’s central bank just confirmed rumors of a hack, revealing a trove of cash has been drained from the nation’s official bank accounts. The Bank of Uganda says police are launching an investigation into the theft of 62 billion Ugandan shillings, worth $16.8 million, reports Reuters. The hacking group “Waste” claims it’s responsible for the […]

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JPMorgan Chase Abruptly Terminates 10 Year-Old Girl’s Bank Account, Refuses To Release $2,100 for More Than a Year: Report

November 30, 2024 The Daily Hodl

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JPMorgan Chase abruptly terminated a 10 year-old girl’s bank account for simply cashing a check, according to a new report. Ten year-old Kinley Maner raised and sold six chickens for a stellar $2,100 at auction, reports the Phoenix-based news station KTVK. Kinley received a check from the Small Stock Association and initiated an electronic deposit […]

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Marc Andreessen’s Bombshell on Joe Rogan Spurs ‘Debank the Banks’ Discussion

November 30, 2024 Bitcoin.com

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The momentum from Andreessen Horowitz co-founder Marc Andreesen’s recent revelations about debanking has been unstoppable, sparking a fiery discussion urging people to step away from traditional financial institutions. Debanking Unmasked: Podcast Sparks Wave of Testimonies Against Banks Social media has been flooded with firsthand accounts, as individuals share their experiences of being forcibly excluded from […]

The Defi Era: Redefining Capitalism and Unlocking Economic Freedom for All

$89,670,000,000 in Increasingly Risky Loans Flagged at JPMorgan Chase, Wells Fargo and Bank of America: Report

November 30, 2024 The Daily Hodl

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America’s biggest banks are reporting a rapid increase in the number of substandard, doubtful and potentially loss-making loans on their balance sheets, according to a new report. The amount of money tied up in criticized loans, which show emerging signs of risk and weakness that could lead to defaults, just reached its highest level since […]

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Wells Fargo Issues Fraud Warning As Scammers Drain $503,910,000 From US Banks in Three Months

November 29, 2024 The Daily Hodl

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Wells Fargo is issuing a warning to US bank customers as new numbers shed light on the amount of fraudulent transfers hitting Americans’ bank accounts. In a new op-ed, Wells Fargo fraud expert Margarita Alvarez says imposter scams are on the rise, with $2.7 billion lost in 2023, according to the Federal Trade Commission (FTC). […]

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JPMorgan Chase Declared World’s Most ‘Too Big To Fail’ Bank As Bank of America’s Global Systemic Importance Drops: Report

November 28, 2024 The Daily Hodl

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An agency tasked with identifying and regulating global systemically important banks (G-SIBs) says JPMorgan Chase stands alone as the world’s most “too big to fail” financial institution. The Financial Stability Board’s (FSB) new list of critically important banks places JPMorgan Chase as the only bank in “bucket 4” – a distinction that forces the lender […]

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