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

The Daily Hodl
JPMorgan Chase, Wells Fargo and Bank of America Lose ,188,000,000 in Three Months After Exhausting Efforts To Recover Cash From Customers
bank
JPMorgan Chase, Wells Fargo and Bank of America Lose ,188,000,000 in Three Months After Exhausting Efforts To Recover Cash From Customers

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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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Coinbase Explains How They Beat the SEC—and What It Means for Crypto

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

The Daily Hodl
JPMorgan Chase Launching New Zelle Restrictions After Chase, Bank of America and Wells Fargo Customers Lose 6,000,000 To Scams in One Year
bank
JPMorgan Chase Launching New Zelle Restrictions After Chase, Bank of America and Wells Fargo Customers Lose 6,000,000 To Scams in One Year

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 […]

The post JPMorgan Chase Launching New Zelle Restrictions After Chase, Bank of America and Wells Fargo Customers Lose $456,000,000 To Scams in One Year appeared first on The Daily Hodl.

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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Coinbase Explains How They Beat the SEC—and What It Means for Crypto

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

The Daily Hodl
Billionaire Warren Buffett Pours ,200,000,000 Into New Asset, Dumps ,500,000,000 of Berkshire Hathaway’s Exposure To Bank of America
bank
Billionaire Warren Buffett Pours ,200,000,000 Into New Asset, Dumps ,500,000,000 of Berkshire Hathaway’s Exposure To Bank of America

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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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Coinbase Explains How They Beat the SEC—and What It Means for Crypto

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

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

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 […]

The post Bank of America Sued for Allegedly Short-Changing Customers With ‘Bait and Switch’ Credit Card Tactics appeared first on The Daily Hodl.

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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Coinbase Explains How They Beat the SEC—and What It Means for Crypto

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

The Daily Hodl
Bank of America Customers Exposed As ‘Unauthorized Party’ Accesses Social Security Numbers, Names, Locations and Financial Data in Third-Party Breach
bank
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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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Coinbase Explains How They Beat the SEC—and What It Means for Crypto

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

The Daily Hodl
President Trump Slams Bank of America, JPMorgan Chase for Allegedly Refusing To Serve Innocent Customers, Denying Access To Bank Accounts
bank
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 […]

The post President Trump Slams Bank of America, JPMorgan Chase for Allegedly Refusing To Serve Innocent Customers, Denying Access To Bank Accounts appeared first on The Daily Hodl.

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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Coinbase Explains How They Beat the SEC—and What It Means for Crypto

$111,000,000,000 in Unrealized Losses Could Hit Bank of America As 10-Year Treasury Yield Moves Higher: Report

The Daily Hodl
1,000,000,000 in Unrealized Losses Could Hit Bank of America As 10-Year Treasury Yield Moves Higher: Report
bank
1,000,000,000 in Unrealized Losses Could Hit Bank of America As 10-Year Treasury Yield Moves Higher: Report

Unrealized losses on Bank of America’s balance sheet are ballooning amid rising bond yields, according to a new report. Bank of America’s unrealized losses on mostly US agency mortgage-backed securities could jump to $111 billion in the fourth quarter of 2024, an increase of 29% from the previous quarter, reports Barron’s. Bank of America’s held-to-maturity […]

The post $111,000,000,000 in Unrealized Losses Could Hit Bank of America As 10-Year Treasury Yield Moves Higher: Report appeared first on The Daily Hodl.

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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Coinbase Explains How They Beat the SEC—and What It Means for Crypto

‘Phantom Hacker’ Drains $20,000 From Bank of America Account – Now the Bank Refuses To Reimburse: Report

The Daily Hodl
‘Phantom Hacker’ Drains ,000 From Bank of America Account – Now the Bank Refuses To Reimburse: Report
bank
‘Phantom Hacker’ Drains ,000 From Bank of America Account – Now the Bank Refuses To Reimburse: Report

Bank of America says a customer is out of luck after a “phantom hacker” drained $20,000 from her account. Chicago-based business owner Milan Jackson says it all started when she received a phone call from someone who claimed to work at the bank, reports ABC 7. The man on the phone said someone was trying […]

The post ‘Phantom Hacker’ Drains $20,000 From Bank of America Account – Now the Bank Refuses To Reimburse: Report appeared first on The Daily Hodl.

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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Coinbase Explains How They Beat the SEC—and What It Means for Crypto

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

The Daily Hodl
,670,000,000 in Increasingly Risky Loans Flagged at JPMorgan Chase, Wells Fargo and Bank of America: Report
bank
,670,000,000 in Increasingly Risky Loans Flagged at JPMorgan Chase, Wells Fargo and Bank of America: Report

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 […]

The post $89,670,000,000 in Increasingly Risky Loans Flagged at JPMorgan Chase, Wells Fargo and Bank of America: Report appeared first on The Daily Hodl.

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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Coinbase Explains How They Beat the SEC—and What It Means for Crypto

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

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

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 […]

The post JPMorgan Chase Declared World’s Most ‘Too Big To Fail’ Bank As Bank of America’s Global Systemic Importance Drops: Report appeared first on The Daily Hodl.

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Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Coinbase Explains How They Beat the SEC—and What It Means for Crypto

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