A US regulator says a former JPMorgan Chase employee has admitted to stealing thousands of dollars from customers’ accounts and from the bank’s ATMs. The Office of the Comptroller of the Currency (OCC) says Roberto Garcia, a former Chase personal banker, stole approximately $12,948 from the bank while serving as an ATM custodian in Miami, […]
The post JPMorgan Chase Insider Drains Customers’ Accounts, Lifts $12,948 in Cash From ATMs: US Bank Regulator appeared first on The Daily Hodl.
Police are warning Wells Fargo customers about a serial card skimming scam targeting people who use the bank’s ATMs. Authorities in the Southern California city of Pasadena say that for the second time in a week, a card skimmer was discovered on a Wells Fargo ATM machine on 1000 block of Fair Oaks Avenue, Pasadena […]
The post ‘Consider Changing Your PIN’ – Wells Fargo Customers Warned by Police As ATMs Rigged by Scammers Twice in One Week: Report appeared first on The Daily Hodl.
Acting Comptroller Michael Hsu has emphasized the importance of proactive oversight in managing crypto risks. He cited the 2022 crypto market collapse, with a $2 trillion loss, where effective supervision kept banks stable. Hsu emphasized the need for vigilant supervision as digital assets and fintech increasingly integrate with traditional banking, presenting new challenges and risks. […]
Zurich Cantonal Bank will take on the function of securely storing the private keys for its customers, according to exec Alexandra Scriba.
Zurich Cantonal Bank, one of the largest banks in Switzerland, is the latest banking institution to enable cryptocurrency trading for its customers.
According to an official announcement on Sept. 4, Zurich Cantonal Bank is now offering trading and custody services for Bitcoin (BTC) and Ether (ETH). “The offer is seamlessly integrated into the existing channels and is aimed equally at customers and third-party banks,” the bank said.
Known locally as Zürcher Kantonalbank (ZKB), Zurich Cantonal Bank is the largest cantonal bank and the fourth-largest bank in Switzerland, with total assets of 200 billion Swiss francs ($235 billion).
The amount of capital invested in money market funds has surged to a record level with a potential Fed rate cut coming this month. New figures from the Federal Reserve Economic Data (FRED) show the amount of capital invested in money market funds has soared to over $6.44 trillion as of June of this year. […]
The post $6,440,000,000,000 Piled Into Money Market Funds As Bank of America Warns Rate Cuts Won’t Fuel Rotation To Stocks appeared first on The Daily Hodl.
An illicit method of extracting cash from JPMorgan Chase ATMs is going viral. Posts and videos are spreading across social media of a supposed “glitch” that appears to be centered on depositing fake checks into the bank’s ATMs. Once a fake check is deposited, customers are then withdrawing a portion of the funds that are […]
The post JPMorgan Chase Customers Extract Cash From ATMs Using Supposed Bank ‘Glitch’ – And Immediately Regret It appeared first on The Daily Hodl.
Coinbase chief executive Brian Armstrong says that artificial intelligence (AI) agents are now making crypto transactions among themselves. In a new thread on the social media platform X, Armstrong says the top US-based crypto exchange witnessed its first AI-to-AI transaction earlier this week. “What did one AI buy from another? Tokens! Not crypto tokens, but […]
The post First ‘AI to AI’ Crypto Payments Now Underway, According to Coinbase CEO Brian Armstrong appeared first on The Daily Hodl.
Banking giant Wells Fargo reportedly drove a customer’s account into the negative for days over confusion about a paper check. Sacramento resident and longtime Wells Fargo customer Gerald Monroe Mann says he wrote a $400 check – and soon after discovered $4,000 had been withdrawn from his account, reports CBS News. After spending hours on […]
The post Wells Fargo Accidentally Drains $4,000 From Customer’s Bank Account, Pushing Balance Into Red for Days: Report appeared first on The Daily Hodl.
A growing number of US banks are accused of routinely misleading customers in a push to pocket billions of dollars. JPMorgan Chase is now facing a proposed class action lawsuit for allegedly shifting customers’ idle cash into accounts with extremely low interest rates without proper disclosure. The bank joins Wells Fargo, Bank of America and […]
The post JPMorgan Chase, Bank of America and Wells Fargo Allegedly Reap Billions of Dollars on Backs of Misled Customers As Lawsuits Hit Multiple Financial Giants appeared first on The Daily Hodl.
Cybersecurity researchers say scammers have found a sophisticated way to drain bank accounts directly from ATMs – without needing a debit card in hand. Experts at the cybersecurity software firm ESET say they’ve discovered a dangerous and unprecedented type of malware they’re calling NGate. To begin the attack, scammers deploy a phishing technique to embed […]
The post Scammers Triggering Unauthorized ATM Withdrawals, Draining Cash Directly From Victims’ Bank Accounts: Cybersecurity Researchers appeared first on The Daily Hodl.
