Bofa

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

January 25, 2025 The Daily Hodl

bank

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 […]

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Binance exec shares details about release from Nigerian detention

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

January 23, 2025 The Daily Hodl

bank

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

January 18, 2025 The Daily Hodl

bank

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 […]

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Binance exec shares details about release from Nigerian detention

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

January 18, 2025 The Daily Hodl

bank

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 […]

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Binance exec shares details about release from Nigerian detention

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

November 30, 2024 The Daily Hodl

bank

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 […]

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

November 28, 2024 The Daily Hodl

bank

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 […]

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Bank of America Bracing for $800,000,000 Loss As Investigators Probe BofA, JPMorgan Chase and Wells Fargo’s Alleged Refusal To Reimburse Customers

November 9, 2024 The Daily Hodl

bank

The second-largest US bank by total assets says it’s preparing for significant losses due to ongoing regulatory issues. In a new filing with the U.S. Securities and Exchange Commission (SEC), Bank of America says it faces a “reasonably possible and estimable” loss of up to $800 billion due to investigations from the Consumer Financial Protection […]

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JPMorgan Chase, Wells Fargo and Bank of America Refuse To Define ‘Unauthorized Transaction’ As Customers Lose $320,000,000 To Scams on Zelle: Report

October 26, 2024 The Daily Hodl

bank

JPMorgan Chase, Bank of America and Wells Fargo are among six US banks that have not defined what an unauthorized transaction is, despite the term’s critical role in determining whether fraud victims will be reimbursed, according to a new report. The three big banks, along with Capital One, U.S. Bank and Truist, have released no […]

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Billionaire Warren Buffett Dumps $10,500,000,000 in Berkshire’s Bank of America Stake After Slashing JPMorgan Chase, Wells Fargo Investments To Zero: Report

October 24, 2024 The Daily Hodl

Bank of America

Warren Buffett has now sold a staggering $10.5 billion of Berkshire Hathaway’s stake in Bank of America in a matter of months. New filings with the U.S. Securities and Exchange Commission shows the firm just sold an additional 8.54 million shares in September and October, worth $337.86 million. The move follows Berkshire’s complete exit from […]

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JPMorgan Chase, Bank of America, Wells Fargo and Citi Lose $6,900,000,000 From Sour Loans As Analyst Warns Notorious Debt Bubble Is Popping

October 19, 2024 The Daily Hodl

Bank of America

JPMorgan Chase, Wells Fargo, Bank of America and Citi are unloading billions of dollars in bad debt that they’ve given up on recovering. New earnings data shows the four largest banks in the country collectively recorded $6.9 billion in net charge-offs in Q3 of this year, primarily driven by credit card delinquencies and soured consumer […]

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Binance exec shares details about release from Nigerian detention