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Billion-Dollar Bank Allegedly Loses $15,500,000 To Criminals in ‘Shocking’ Display of Incompetence and Negligence: Report

Billion-Dollar Bank Allegedly Loses ,500,000 To Criminals in ‘Shocking’ Display of Incompetence and Negligence: Report

A New York-based bank is reportedly facing a new lawsuit after thieves allegedly looted $15.5 million from an account that belonged to a public utility firm. Garden City Park Water and Fire is suing First National Bank of Long Island for gross negligence amid allegations that the lender acted with “reckless disregard” and without the “exercise […]

The post Billion-Dollar Bank Allegedly Loses $15,500,000 To Criminals in ‘Shocking’ Display of Incompetence and Negligence: Report appeared first on The Daily Hodl.

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Bank Whistleblower Accuses JPMorgan Chase of Violating Cash Reserve Regulations, Pocketing $2,000,000,000 in the Process: Report

Bank Whistleblower Accuses JPMorgan Chase of Violating Cash Reserve Regulations, Pocketing ,000,000,000 in the Process: Report

A former JPMorgan Chase employee is accusing America’s largest lender of systematically misreporting key indicators that the Federal Reserve uses to determine the amount of capital reserves that banks must maintain. According to a report by the International Consortium of Investigative Journalists (ICIJ), a former JPMorgan Chase employee-turned-whistleblower alleges the bank has understated complexity indicators […]

The post Bank Whistleblower Accuses JPMorgan Chase of Violating Cash Reserve Regulations, Pocketing $2,000,000,000 in the Process: Report appeared first on The Daily Hodl.

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Billion-Dollar Bank Says Account Numbers, Names and Other Sensitive Info Exposed As Insider Triggers New Data Breach

Billion-Dollar Bank Says Account Numbers, Names and Other Sensitive Info Exposed As Insider Triggers New Data Breach

The tenth-largest bank in the US by total assets just disclosed a new cybersecurity incident that’s affecting customers’ data. In a filing with the Massachusetts state government, TD Bank says it recently discovered that a former employee accessed and shared sensitive personal information belonging to customers between August of 2022 and December of the same […]

The post Billion-Dollar Bank Says Account Numbers, Names and Other Sensitive Info Exposed As Insider Triggers New Data Breach appeared first on The Daily Hodl.

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US Senators Accuse JPMorgan Chase, Bank of America, Wells Fargo, Citibank, US Bank, PNC and Truist of ‘Profiteering,’ Raking In $1,000,000,000,000 in Record Profits While Paying Savers Peanuts

US Senators Accuse JPMorgan Chase, Bank of America, Wells Fargo, Citibank, US Bank, PNC and Truist of ‘Profiteering,’ Raking In ,000,000,000,000 in Record Profits While Paying Savers Peanuts

Two US lawmakers are accusing seven of the largest American banks by total assets of failing to pass the benefits of a high interest-rate environment to customers. In a letter to the CEOs of Bank of America, Citibank, JPMorgan Chase (JPMC), US Bank, PNC Bank, Truist and Wells Fargo, US senators Elizabeth Warren (D-Mass.) and […]

The post US Senators Accuse JPMorgan Chase, Bank of America, Wells Fargo, Citibank, US Bank, PNC and Truist of ‘Profiteering,’ Raking In $1,000,000,000,000 in Record Profits While Paying Savers Peanuts appeared first on The Daily Hodl.

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Scammer Drains $109,000 From 91-Year-Old’s Bank Account As Fraud Targeting Elderly Runs Rampant

Scammer Drains 9,000 From 91-Year-Old’s Bank Account As Fraud Targeting Elderly Runs Rampant

The elderly are being disproportionately targeted by scammers and con artists while facing little to no protection. 91-year-old Loris Sinanian from Blairsville, Georgia has reportedly lost over six figures after being conned by someone posing as an old friend who wanted to repay a $100 debt, Atlanta News First reports. After establishing contact with Sinanian, […]

The post Scammer Drains $109,000 From 91-Year-Old’s Bank Account As Fraud Targeting Elderly Runs Rampant appeared first on The Daily Hodl.

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Bank of America Customers Exposed As ‘Unauthorized Party’ Accesses Social Security Numbers, Names, Locations and Financial Data in Third-Party Breach

Bank of America Customers Exposed As ‘Unauthorized Party’ Accesses Social Security Numbers, Names, Locations and Financial Data in Third-Party Breach

Bank of America says a third-party breach has exposed the sensitive data of hundreds of customers. According to a new filing with the Office of the Maine Attorney General, an unidentified third-party software provider has discovered an unauthorized entity gained access to its systems. The security breach happened in October and although BofA’s systems were […]

The post Bank of America Customers Exposed As ‘Unauthorized Party’ Accesses Social Security Numbers, Names, Locations and Financial Data in Third-Party Breach appeared first on The Daily Hodl.

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Wells Fargo, Bank of America, JPMorgan Chase and Other US Lenders Shut Down 113 Bank Branches in Just Six Weeks: Report

Wells Fargo, Bank of America, JPMorgan Chase and Other US Lenders Shut Down 113 Bank Branches in Just Six Weeks: Report

Some of America’s biggest banks are terminating physical branches as the new year kicks off. Between Thanksgiving 2024 and January 11 – about six weeks – Wells Fargo, Bank of America, JPMorgan Chase, US Bank and PNC contributed to a total of 113 planned branch closures, the Daily Mail reports. UMB Bank, a regional institution […]

The post Wells Fargo, Bank of America, JPMorgan Chase and Other US Lenders Shut Down 113 Bank Branches in Just Six Weeks: Report appeared first on The Daily Hodl.

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Bank Abruptly Shut Down by US Authorities in First Bank Failure of 2025

Bank Abruptly Shut Down by US Authorities in First Bank Failure of 2025

US regulators have abruptly shut down a bank in Illinois in the first bank failure of 2025. The Federal Deposit Insurance Corporation (FDIC) says the Illinois Department of Financial and Professional Regulation (IDFPR) has closed Pulaski Savings Bank. The FDIC has been appointed as the receiver and has transferred all deposit accounts and most of […]

The post Bank Abruptly Shut Down by US Authorities in First Bank Failure of 2025 appeared first on The Daily Hodl.

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President Trump Eliminates SAB 121, Allowing Banks To Custody Bitcoin and Crypto Assets

President Trump Eliminates SAB 121, Allowing Banks To Custody Bitcoin and Crypto Assets

President Trump has officially eliminated a controversial guideline from the U.S. Securities and Exchange Commission that effectively prevented US banks from holding crypto assets. The new administration just rescinded Staff Accounting Bulletin 121, which forced banks to identify crypto assets held on behalf of their customers as liabilities on their balance sheets. A bill aiming to […]

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President Trump Slams Bank of America, JPMorgan Chase for Allegedly Refusing To Serve Innocent Customers, Denying Access To Bank Accounts

President Trump Slams Bank of America, JPMorgan Chase for Allegedly Refusing To Serve Innocent Customers, Denying Access To Bank Accounts

President Trump just put Bank of America and JPMorgan Chase on notice over allegations that the banks have shuttered accounts and denied customers over their political beliefs. In a virtual question-and-answer session at the World Economic Forum (WEF), Trump told Bank of America CEO Brian Moynihan to his face that he, as well as JPMorgan […]

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