The CEO of the world’s largest bank says the US is now facing a slew of risks that could push the global economy into rough waters. JPMorgan CEO Jamie Dimon says the US economy is addicted to debt, and central bank spending has become like heroin to American households, the Telegraph reports. Dimon believes the […]
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A loyal JPMorgan Chase customer has reportedly had his life turned upside down after discovering his account was abruptly terminated without notice. The customer, who lives in Hawaii, says he opened his Chase account two decades ago and was shocked to learn $200,000 was suddenly inaccessible, reports the US Sun. According to the customer, Chase […]
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The world’s largest bank is facing a $600 million defamation lawsuit for allegedly spreading misinformation, blocking transactions and severely damaging the reputation of a multi-million dollar business. Sinai Holdings, a Florida-based medical services company, claims the bank erroneously placed the company and its owner Jacob Gitman on a list of individuals and entities to be […]
The post JPMorgan Chase Accused of Severely Damaging Multi-Million Dollar Business, Blocking Transactions and Triggering Mass Account Terminations: $600,000,000 Defamation Lawsuit appeared first on The Daily Hodl.
Three US banking giants have just had their ratings downgraded to “negative” by Moody’s. Moody’s Investor Service downgraded JPMorgan Chase, Wells Fargo and Bank of America to negative ratings after previously classifying them as stable, MarketWatch reports. Analyst Peter E. Nerby of Moody’s said that the worsening outlook on bank debt was due to “the […]
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JPMorgan Chase says news that a scammer stole $11,000 from a retired postal worker’s account is heartbreaking – but the bank will not make the customer whole. Indiana resident Robert Wolfe says he recently received a text message that appeared to be from the banking giant asking if he initiated a pair of large transactions […]
The post JPMorgan Chase Rejects Customer After $11,000 Stolen From Bank Account, Victim Says Money ‘Almost Safer in My Pocket’ appeared first on The Daily Hodl.
New numbers are shedding light on the multi billion-dollar flow of capital out of the US banking system. In a new report, S&P Global says total non-brokered deposits, or funds coming mostly from retail customers, recorded their sixth consecutive quarterly decline in Q3 of this year. The market intelligence firm says non-brokered deposits dropped from […]
The post $174,303,000,000 in Deposit Flight Hits US Banks in Three Months As S&P Global Declares Banking Industry Is ‘Gradually Shrinking’ appeared first on The Daily Hodl.
A new report is calling out JPMorgan Chase, Citibank and the US banking system at large for kicking loyal customers to the curb in a systemic “exiting” process. Nearly 200 former Chase customers have sent complaints to the New York Times stating their account was wrongfully terminated, triggering financial chaos and confusion. The account terminations are […]
The post JPMorgan Chase and Citibank Are Abruptly Terminating Accounts, Triggering Chaos and Confusion for Customers: Report appeared first on The Daily Hodl.
JPMorgan Chase has quietly revealed tens of billions of dollars in losses on securities, according to a new report on the company’s overall balance sheet. The banking giant is now stuck with roughly $40 billion in unrealized bond losses as of Q3 of this year, which is a 20% rise over the previous quarter, reports […]
The post $40,000,000,000 in Unrealized Losses Hits JPMorgan Chase As Bank of America, Wells Fargo and Citigroup Face Exposure to US Treasuries: Report appeared first on The Daily Hodl.
Several of America’s biggest banks are facing a flood of complaints about issues with account balances and direct deposits. Customers at JPMorgan Chase, Bank of America, US Bank, Wells Fargo and Truist say money that should have arrived in their accounts is not showing up. The network monitoring app Downdetector is reporting widespread issues at […]
The post JPMorgan Chase, Bank of America, Wells Fargo Suffer Major Outage As Customers Scramble to Locate Deposits appeared first on The Daily Hodl.
Engineers are investigating a banking glitch that triggered a total shutdown of billions upon billions of dollars in bank transfers in Japan. The glitch began on Tuesday, leaving more than one million customers unable to move their money and affecting banking giants including JPMorgan Chase, MUFG and Mitsubishi Trust. The system breakdown halted a staggering […]
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