A US regulator is accusing three bank employees of triggering nearly $1 million in losses at JPMorgan Chase and Citi. The Office of the Comptroller of the Currency (OCC) says Tanya Jazmin Cortez sold confidential customer information to a third party for cash while working as a Citi bank teller in California. Cortez is accused […]
The post JPMorgan Chase, Citi Lose $939,399 As Insiders Steal Cash, Sell Customers’ Sensitive Data: US Bank Regulator appeared first on The Daily Hodl.
Banking giant JPMorgan Chase just released its US election playbook for investors. The bank’s strategists say “Trump trade” dynamics are clearly playing out over the last couple of weeks, alongside former President Donald Trump’s surge in betting markets. “Small- and mid-cap stocks have outperformed their large-cap peers on hopes of lower taxation and deregulation. U.S. […]
The post JPMorgan Chase Details Election ‘Playbook’ for Investors, Forecasts Wall Street’s Response To Trump, Harris Victories appeared first on The Daily Hodl.
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 […]
The post 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 appeared first on The Daily Hodl.
JPMorgan Chase refused to reimburse a customer for more than a year after the bank’s own employee drained $30,000 from the account, according to a new report. Criminal warrants show former Chase employee Robert Murphy allegedly initiated a massive, fraudulent wire transfer, reports the ABC-affiliated news station WSB-TV. Murphy, who was an investment advisor at […]
The post JPMorgan Chase Refuses To Reimburse Customer After Bank’s Employee Steals $30,000 From Account: Report appeared first on The Daily Hodl.
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 […]
The post 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 appeared first on The Daily Hodl.
Two of the largest banks in the US believe another rate cut from the Federal Reserve is incoming. The Fed started its rate-cutting cycle last month, announcing a 50 bps reduction in interest rates amid concerns about the health of the US economy. Now, analysts at JPMorgan Chase and Bank of America (BofA) think the […]
The post JPMorgan Chase, Bank of America Forecast New Rate Cut in November As Fed President Says Soft Landing Likely: Report appeared first on The Daily Hodl.
Investors have now deposited a record $6.47 trillion into money market funds, according to a new report. In the last week alone $11 billion has entered the funds, reports Bloomberg, citing data from the Investment Company Institute. Investors flocked to money market funds as the Federal Reserve raised interest rates to get higher yields on […]
The post $6,470,000,000,000 Crammed Into Money Market Funds As JPMorgan Chase Issues Rate Cut Warning appeared first on The Daily Hodl.
A JPMorgan Chase customer says she was shocked to see her account abruptly wiped out and placed nearly $50 billion in the negative. Gabe Flores went viral after sharing the story of his friend Maddie, who logged into Chase after a crazy night out and noticed her $76 savings balance had plunged into extremely deep […]
The post $49,999,999,697 Abruptly Exits Chase Bank Account in Massive Withdrawal After Customer Has ‘Crazy Night Out’: Report appeared first on The Daily Hodl.
JPMorgan Chase shares are up nearly 5% after the banking giant posted surprising strong Q3 earnings results. Chase reported a 3% increase in net interest income (NII), beating expectations for a decline. NII is the difference between revenue generated from a bank’s interest-bearing assets and its expenses for paying out interest-bearing liabilities. JPMorgan’s earnings per […]
The post JPMorgan Chase, Wells Fargo Shares Surge As US Banks Beat Wall Street Expectations appeared first on The Daily Hodl.
Customers at American Express, JPMorgan Chase and Capital One have racked up billions of dollars in unspent credit card points – but the value of those rewards is decaying. The financial giants’ customers are sitting on a staggering $34 billion worth of unused rewards as of 2023, reports the Wall Street Journal, citing annual reports. […]
The post $34,000,000,000 Owed To Customers at American Express, JPMorgan Chase and Capital One As Reward Hoarders Get Squeezed: Report appeared first on The Daily Hodl.
