JPMorgan Chase, Bank of America and Goldman Sachs Hit With $53,000,000 Fine for Failing to Properly Report Millions of Derivatives Transactions

October 9, 2023 The Daily Hodl

JPMorgan Chase, Bank of America and Goldman Sachs Hit With ,000,000 Fine for Failing to Properly Report Millions of Derivatives Transactions

Three of America’s biggest banks are getting hit by the Commodity Futures Trading Commission (CFTC) for failing to properly report millions of transactions in the swaps market. JPMorgan Chase, Bank of America, and Goldman Sachs have been ordered to pay $15 million, $8 million and $30 million in fines, respectively. According to the CFTC, Goldman […]

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Elon Musk, the world’s richest man, hits record 8B net worth

Elon Musk, the world’s richest man, hits record $348B net worth

$260,000,000,000 in Deposits Exits JPMorgan, Bank of America, Wells Fargo and Citi in One Year: S&P Global

October 6, 2023 The Daily Hodl

Bank of America

Hundreds of billions of dollars in deposits has left America’s four biggest banks in the past year, according to new data from S&P Global. In a new market report, S&P analysts say the entire US banking industry has lost a total of $872 billion in a year that witnessed the collapse of three large American […]

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Elon Musk, the world’s richest man, hits record $348B net worth

JPMorgan Chase Rejects Customer’s Plea for Reimbursement After Criminal With Chase Bank Account Steals $24,000

September 2, 2023 The Daily Hodl

bank

JPMorgan Chase says a customer who lost $24,000 in a sophisticated scam is out of luck – even though the funds were sent directly to a Chase bank account used by the scammer. New Jersey resident Todd Kirby says he received a text message on June 6th that appeared to be from Chase, asking if […]

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Elon Musk, the world’s richest man, hits record $348B net worth

‘We Failed You’ – JPMorgan Chase Won’t Reimburse Customer Who Lost $30,000 in Banking Scheme: Report

August 26, 2023 The Daily Hodl

Banking

A JPMorgan Chase customer who lost $30,000 in a sophisticated banking scam will not be reimbursed by the bank. Milissa Ferrari says she recently received a text message and a call from someone whose phone number matched the customer support number on her JPMorgan Chase debit card, reports the Portland-based television news station KOIN 6. […]

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Elon Musk, the world’s richest man, hits record $348B net worth

JPMorgan Chase Won’t Reimburse Customer Who Lost $30,000 in Banking Scheme: Report

August 26, 2023 The Daily Hodl

Banking

A JPMorgan Chase customer who lost $30,000 in a sophisticated banking scam will not be reimbursed by the bank. Milissa Ferrari says she recently received a text message and a call from someone whose phone number matched the customer support number on her Chase debit card, reports the Portland-based television news station KOIN 6. “I […]

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Elon Musk, the world’s richest man, hits record $348B net worth

JPMorgan Owes $3,000,000,000 To US Government After Banking Crisis Drains Emergency Fund: Report

August 11, 2023 The Daily Hodl

JPMorgan Owes ,000,000,000 To US Government After Banking Crisis Drains Emergency Fund: Report

Banking system

America’s biggest banks are preparing to pay billions of dollars to the Federal Deposit Insurance Corporation to replenish an insurance fund that’s propping up the system. JPMorgan, Wells Fargo, Bank of America, Goldman Sachs, Morgan Stanley, PNC Financial Services Group and Citigroup will collectively pay $8.2 billion to restore the emergency fund, reports Reuters. JPMorgan […]

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Elon Musk, the world’s richest man, hits record $348B net worth

$262,000,000,000 Exits JPMorgan, Wells Fargo, BofA and Citi in One Year As Government Reveals Collapse of Another US Bank

August 6, 2023 The Daily Hodl

Banking system

America’s biggest banks are witnessing a contraction of customer deposits as another regional bank is forced to close its doors. The Federal Deposit Insurance Corporation (FDIC) says Heartland Tri-State Bank of Elkhart, Kansas, failed on July 28th. All customer deposits have been transferred to Dream First Bank, National Association (N.A.), also based in Kansas. The […]

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Elon Musk, the world’s richest man, hits record $348B net worth

$78,000,000,000 Exits US Banking System in One Week As JPMorgan CEO Issues Alert on Deposit Flight

July 22, 2023 The Daily Hodl

Banks

US banks are witnessing a big increase in deposit flight from their customers. According to newly updated stats compiled by the Federal Reserve Economic Data (FRED) system, $78 billion exited American bank accounts from July 5th through the 12th. The deposit exodus follows a two-week period of relative stability in the system as big banks […]

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Elon Musk, the world’s richest man, hits record $348B net worth

JPMorgan Chase and Seven Wall Street Firms Pay $68,000,000 Over Illegal Price-Fixing Allegations

July 21, 2023 The Daily Hodl

JPMorgan Chase and Seven Wall Street Firms Pay ,000,000 Over Illegal Price-Fixing Allegations

Barclays

Eight giants in the legacy financial system have agreed to pay a $68 million settlement after facing nearly a decade of litigation over a price-fixing scandal. Bank of America, Barclays Capital Inc., BMO Financial Corp., William Blair & Co. LLC, Citigroup Inc., Fifth Third Bancorp, JPMorgan Chase & Co. and Morgan Stanley were all accused […]

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Elon Musk, the world’s richest man, hits record $348B net worth

$200,000,000,000 Exits JPMorgan Chase in One Year As Customers Withdraw Cash Amid US Banking Concerns

July 16, 2023 The Daily Hodl

Banking Crisis

Customers have withdrawn $200 billion worth of deposits from American banking giant JPMorgan in the last year as the bank deals with a long list of fines, losses and scandals. JPMorgan’s latest earnings presentation for Q2 of this year shows that excluding deposits from First Republic Bank, which the bank acquired last year, deposits were […]

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Chase

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