A Russian court just froze $372 million owned by banking giants JPMorgan Chase and BNY Mellon – cash that the banks were holding in their Russian branches. The move came from the Moscow Region Arbitration Court, reports Reuters, and follows the Ukrainian central bank’s decision to revoke the license of MR Bank, a subsidiary of […]
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A JPMorgan Chase customer says her money would be safer under the mattress after scammers successfully moved $17,900 from her account to Wells Fargo. Atlanta resident Marina Camplone says someone pretending to be a Chase fraud representative called her phone using the same number shown on the back of her debit card, reports the ABC-affiliated […]
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Big banks are battling for new customers in the US, with JPMorgan Chase now offering a total of $900 to entice people to switch banks. Chase’s offer is for people who open both a checking and a savings account and meet certain requirements. Specifically, new Chase customers receive a $300 bonus for opening a checking […]
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Hackers have unleashed a highly advanced piece of malware that quietly infects mobile devices, takes control and drains bank accounts without users even noticing. Security researchers at Threat Fabric say “Octo2” is a vastly improved version of a malicious mobile malware that captures users’ banking credentials as they are typed on the screen, allowing hackers […]
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SWIFT said it is uniquely positioned to interlink the fragmented digital asset landscape with its forthcoming digital currency trials in 2025.
Banks in North America, Europe and Asia are preparing to participate in trials involving digital assets by the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
SWIFT announced on Oct. 3 that it will begin digital asset trials on its network in 2025. The trials will involve experiments with transactions that include multiple digital currencies and assets.
Source: SWIFT
Bank of America customers are reporting massive issues with online and mobile banking. The site monitoring service Downdetector shows tens of thousands of customers have reported severe service disruptions in the last few hours, with users on the social media platform X stating that their balances have dropped to zero. Downdetector says it’s also witnessing […]
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US banks have reportedly raked in more than $1 trillion after two and a half years of the Fed’s “higher for longer” interest rate policy. Data from the Federal Deposit Insurance Corporation (FDIC) shows the high interest rate regime allowed thousands of US banks to reap higher yields on their deposits at the Fed, reports […]
The post $1,100,000,000,000 Pours Into US Banks Amid High Interest Rates As JPMorgan Chase, Bank of America Pay Pittance To Depositors: Report appeared first on The Daily Hodl.
A data breach at Wells Fargo is affecting an unknown number of the banking giant’s customers. A new filing with the Office of the Vermont Attorney General shows the lender is warning customers that an insider at the bank has accessed and used their information to perpetrate fraud. The San Francisco, California-based bank has not […]
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The Consumer Financial Protection Bureau (CFPB) is accusing TD Bank of repeatedly placing its customers’ ability to access employment, housing and credit at risk. According to the US financial regulator, TD Bank systematically shared “inaccurate, negative information” on its customers with consumer reporting agencies for years and consequently jeopardizing their creditworthiness, employment and housing prospects […]
The post Billion-Dollar Bank Paying $27,760,000 Fine for Allegedly Placing Customers’ Access To Employment, Housing and Credit at Risk appeared first on The Daily Hodl.
A JPMorgan Chase customer is looking for answers after the bank abruptly allowed 35 unauthorized users to access her credit card. Northern California-based Jodi Hayes says she discovered a long list of unknown names were granted access to her card while she was on vacation, reports ABC 7 News. While on a cruise, Hayes says […]
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