JPMorgan Chase CEO Jamie Dimon just sold a massive amount of his company’s stock. New SEC filings show Dimon sold a total of 866,361 shares at a price of $269.83 on Thursday, worth a whopping $233.77 million. According to the SEC Form 4 filing, the shares sold are attributed to various entities including his family, […]
The post Jamie Dimon Abruptly Dumps $233,770,000 in JPMorgan Chase Stock As Bank’s Shares Tap All-Time High appeared first on The Daily Hodl.
A JPMorgan Chase banker has allegedly abused her position as an insider at the banking giant to steal nearly $1 million. According to a Department of Justice indictment, Franchesca Calagui knowingly cashed hundreds of forged U.S. Treasury checks while working as a teller at JPMorgan Chase to enrich herself and co-conspirators. The scheme lasted for […]
The post JPMorgan Chase Employee Allegedly Steals $857,000, Abusing Insider Status To Manipulate Hundreds of US Treasury Checks: Department of Justice appeared first on The Daily Hodl.
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.
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.
JPMorgan Chase employees are banding together to call on the bank’s CEO to back down on his demand for a full five-day in-office work week. In a new petition on CoWorker.org, JPMorgan Chase workers say CEO Jamie Dimon should reconsider the bank’s return-to-office (RTO) policy, and that the idea of remote work equating low performance […]
The post JPMorgan Chase Workers Demand Jamie Dimon Reverse New 5-Day In-Office Workweek, Call Rule ‘Great Leap Backward’ appeared first on The Daily Hodl.
A Chase Bank customer has reportedly been cut off for nine months after trying to cash a $65,000 check issued to him by the US government. Miami-based business owner Sean May says Chase Bank blocked him from accessing his funds due to suspicion of fraud, reports NBC-affiliate WFLA News. May says the lender abruptly froze his […]
The post JPMorgan Chase Abruptly Freezes Customer’s Bank Account, Refuses To Release $65,000 for Nine Months: Report appeared first on The Daily Hodl.
A former JPMorgan Chase employee is accusing America’s largest lender of systematically misreporting key indicators that the Federal Reserve uses to determine the amount of capital reserves that banks must maintain. According to a report by the International Consortium of Investigative Journalists (ICIJ), a former JPMorgan Chase employee-turned-whistleblower alleges the bank has understated complexity indicators […]
The post Bank Whistleblower Accuses JPMorgan Chase of Violating Cash Reserve Regulations, Pocketing $2,000,000,000 in the Process: Report appeared first on The Daily Hodl.
Two US lawmakers are accusing seven of the largest American banks by total assets of failing to pass the benefits of a high interest-rate environment to customers. In a letter to the CEOs of Bank of America, Citibank, JPMorgan Chase (JPMC), US Bank, PNC Bank, Truist and Wells Fargo, US senators Elizabeth Warren (D-Mass.) and […]
The post US Senators Accuse JPMorgan Chase, Bank of America, Wells Fargo, Citibank, US Bank, PNC and Truist of ‘Profiteering,’ Raking In $1,000,000,000,000 in Record Profits While Paying Savers Peanuts appeared first on The Daily Hodl.
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.
New filings from JPMorgan Chase reveal how much money the biggest bank in the US is spending on legal battles. The bank’s new 8-K filings with the U.S. Securities and Exchange Commission show the firm spent $2.14 billion on legal expenses in the last two years. That breaks down to $1.4 billion for the full […]
The post JPMorgan Chase Spends $2,140,000,000 Battling Bank Lawsuits and Federal Agencies in Two Years: Report appeared first on The Daily Hodl.
