Bofa

JPMorgan Chase, Wells Fargo and Bank of America Customers Holding $2,620,000,000,000 in Uninsured Deposits As Americans Pour Cash Into Unprotected Accounts

March 22, 2025 The Daily Hodl

bank

New numbers show customers at JPMorgan Chase, Wells Fargo and Bank of America are piling money into unprotected accounts. The lenders’ quarterly Call Reports, submitted to the Federal Financial Institutions Examination Council (FFIEC), show the banks customers now collectively hold $2.62 trillion in uninsured cash. US banks and the FDIC promise customers that deposits up […]

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QCP Insights: Bitcoin Back Above $85K As Fear and Greed Index Rises to 45%

Bank of America Insider Helps Criminals and Illicit Businesses Launder Funds in Massive Global Conspiracy: US Department of Justice

March 15, 2025 The Daily Hodl

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A Bank of America insider is pleading guilty to boosting a global money laundering conspiracy that aided drug traffickers and other illegal businesses, according to the U.S. Department of Justice (DOJ). The DOJ says former Bank of America employee Rongjian Li was a member of a money laundering and drug trafficking outfit headed by Jin […]

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QCP Insights: Bitcoin Back Above $85K As Fear and Greed Index Rises to 45%

Bank of America Warns Social Security Numbers, IDs and Other Sensitive Customer Data Potentially Exposed in Third-Party Document Destruction Blunder

March 8, 2025 The Daily Hodl

bank

Bank of America is warning a small group of customers about a new data breach that could potentially expose confidential and sensitive information. In a filing with the Massachusetts state government, the bank says a provider of document destruction services inappropriately handled confidential documents belonging to customers on December 30th. The bank has not declared […]

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QCP Insights: Bitcoin Back Above $85K As Fear and Greed Index Rises to 45%

Lawsuit Accusing JPMorgan Chase, Wells Fargo, Bank of America and Zelle of Failing To Protect Customers From $870,000,000 in Losses Abruptly Dropped by US Government

March 4, 2025 The Daily Hodl

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The Consumer Financial Protection Bureau (CFPB) has abruptly dropped a lawsuit accusing JPMorgan Chase, Wells Fargo, Bank of America and Zelle of failing to protect consumers from $870 million in losses on the Zelle network over seven years. The lawsuit, filed in December, alleged Zelle’s parent company and the big banks often left victims of […]

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QCP Insights: Bitcoin Back Above $85K As Fear and Greed Index Rises to 45%

JPMorgan Chase CEO Admits US Banks ‘Push People Out of the System’ After Trump Hammers Chase, Bank of America Over Abrupt Account Terminations

March 1, 2025 The Daily Hodl

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JPMorgan Chase CEO Jamie Dimon is addressing controversy over how and why some American citizens and businesses are abruptly finding themselves kicked out of the banking system. After meeting with Republican lawmakers in Washington, D.C. on the subject of “debanking,” Dimon told reporters that Chase never drops customers over their religious or political affiliations. Instead, […]

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QCP Insights: Bitcoin Back Above $85K As Fear and Greed Index Rises to 45%

Zelle Prepares To Terminate Transactions on Mobile App, Pushing Popular Service Exclusively To Major US Banks and Financial Institutions

March 1, 2025 The Daily Hodl

bank

The popular payments platform Zelle is preparing to implement a major change to its mobile app services. The platform says it’s preparing to terminate all transaction capabilities for businesses and consumers on the firm’s standalone mobile app, officially ending all services after March 31st. The app, which processed approximately $20 billion in transactions in 2024, […]

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QCP Insights: Bitcoin Back Above $85K As Fear and Greed Index Rises to 45%

JPMorgan Chase, Wells Fargo and Bank of America Lose $5,188,000,000 in Three Months After Exhausting Efforts To Recover Cash From Customers

February 22, 2025 The Daily Hodl

bank

JPMorgan Chase, Wells Fargo and Bank of America say they’ve lost $5.188 billion from customers who have been declared unable to pay their bills. The banks outlined the Q4 losses in “net charge-offs” statements, revealing loans that the banks have declared as uncollectible and removed from their books after exhausting efforts to recover the owed […]

The post JPMorgan Chase, Wells Fargo and Bank of America Lose $5,188,000,000 in Three Months After Exhausting Efforts To Recover Cash From Customers appeared first on The Daily Hodl.

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QCP Insights: Bitcoin Back Above $85K As Fear and Greed Index Rises to 45%

JPMorgan Chase Launching New Zelle Restrictions After Chase, Bank of America and Wells Fargo Customers Lose $456,000,000 To Scams in One Year

February 19, 2025 The Daily Hodl

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JPMorgan Chase is making major changes to the way its customers can use the payments service Zelle. Starting next month, the bank says it will begin blocking Zelle payments that appear to be connected to social media contacts and online marketplaces. “To help protect you from fraud and scams, the Zelle Service should be used […]

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QCP Insights: Bitcoin Back Above $85K As Fear and Greed Index Rises to 45%

Billionaire Warren Buffett Pours $1,200,000,000 Into New Asset, Dumps $5,500,000,000 of Berkshire Hathaway’s Exposure To Bank of America

February 16, 2025 The Daily Hodl

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Warren Buffett continues to unload billions of dollars of Berkshire Hathaway’s stake in Bank of America (BAC). New SEC filings show Buffett sold 117.4 million shares of BAC worth about $5.5 billion in the fourth quarter of 2024, reducing its stake in the financial giant to 8.9%. Meanwhile, Berkshire added a new investment in the […]

The post Billionaire Warren Buffett Pours $1,200,000,000 Into New Asset, Dumps $5,500,000,000 of Berkshire Hathaway’s Exposure To Bank of America appeared first on The Daily Hodl.

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QCP Insights: Bitcoin Back Above $85K As Fear and Greed Index Rises to 45%

Bank of America Sued for Allegedly Short-Changing Customers With ‘Bait and Switch’ Credit Card Tactics

February 7, 2025 The Daily Hodl

bank

A group of Bank of America customers are joining together to sue the US financial giant. A proposed class action lawsuit alleges BofA promised to hand a trove of reward points to new credit card customers, as long as they spent $3,000 within 90 days. But according to plaintiff Jean-Baptiste Boyer-Gomez, the bank has routinely […]

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QCP Insights: Bitcoin Back Above $85K As Fear and Greed Index Rises to 45%