The biggest banks in the US are preparing to report a third quarter marked by shrinking margins and declining profits, according to a new report. JPMorgan Chase and Wells Fargo release their Q3 earnings on Friday. JPMorgan is expected to reveal a nearly 8% drop in earnings per share while Wells Fargo will likely report […]
The post US Banks Under Pressure As JPMorgan Chase, Bank of America, Wells Fargo, Goldman Sachs and Citi Battle Shrinking Margins: Report appeared first on The Daily Hodl.
A Russian court just froze $372 million owned by banking giants JPMorgan Chase and BNY Mellon – cash that the banks were holding in their Russian branches. The move came from the Moscow Region Arbitration Court, reports Reuters, and follows the Ukrainian central bank’s decision to revoke the license of MR Bank, a subsidiary of […]
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A JPMorgan Chase customer says her money would be safer under the mattress after scammers successfully moved $17,900 from her account to Wells Fargo. Atlanta resident Marina Camplone says someone pretending to be a Chase fraud representative called her phone using the same number shown on the back of her debit card, reports the ABC-affiliated […]
The post $17,900 Drained From JPMorgan Chase Account, Sent To Wells Fargo – Now Both Banks Are Refusing To Reimburse: Report appeared first on The Daily Hodl.
Big banks are battling for new customers in the US, with JPMorgan Chase now offering a total of $900 to entice people to switch banks. Chase’s offer is for people who open both a checking and a savings account and meet certain requirements. Specifically, new Chase customers receive a $300 bonus for opening a checking […]
The post JPMorgan Chase Paying $900 To New Customers As Wells Fargo, Bank of America and Citi Offer Hundreds in Sign-Up Bonuses appeared first on The Daily Hodl.
Seven Wall Street giants including JPMorgan Chase and Bank of America believe one asset is primed to rally in the year ahead. The big banks collectively see gold moving to new all-time highs through 2025 amid expectations of more interest rate cuts from the Federal Reserve and more central bank accumulation around the globe, reports […]
The post JPMorgan Chase, Bank of America and Five Wall Street Giants Forecast Relentless Rally for One Asset in 2025: Report appeared first on The Daily Hodl.
Bank of America customers are reporting massive issues with online and mobile banking. The site monitoring service Downdetector shows tens of thousands of customers have reported severe service disruptions in the last few hours, with users on the social media platform X stating that their balances have dropped to zero. Downdetector says it’s also witnessing […]
The post Bank of America Confirms Massive Outage and $0.00 Account Balances As JPMorgan Chase, Wells Fargo Customers Report Digital Banking Disruptions appeared first on The Daily Hodl.
US banks have reportedly raked in more than $1 trillion after two and a half years of the Fed’s “higher for longer” interest rate policy. Data from the Federal Deposit Insurance Corporation (FDIC) shows the high interest rate regime allowed thousands of US banks to reap higher yields on their deposits at the Fed, reports […]
The post $1,100,000,000,000 Pours Into US Banks Amid High Interest Rates As JPMorgan Chase, Bank of America Pay Pittance To Depositors: Report appeared first on The Daily Hodl.
A federal investigation into banking giant JPMorgan Chase is targeting how the bank handles and protects potential victims of fraud, according to a new report. The Consumer Financial Protection Bureau (CFPB) is investigating whether the bank is properly reimbursing customers and effectively eliminating scammer’s bank accounts, reports CNBC, citing sources who requested anonymity while talking […]
The post JPMorgan Chase Accused of Refusing To Reimburse Customers, Failing To Terminate Scammer’s Accounts Amid Federal Probe: Report appeared first on The Daily Hodl.
JPMorgan Chase, Wells Fargo, Bank of America and other systemically important US banks are now financing $2.423 trillion in leveraged bets on Wall Street, according to new numbers self-reported by the industry. The Financial Industry Regulatory Authority (FINRA) says the big banks’ total margin loans to hedge funds have hit a new record high, according […]
The post $2,423,000,000,000 in Wall Street Leverage Fueled by JPMorgan Chase, Wells Fargo, Bank of America and Other ‘Too Big To Fail’ Banks: Report appeared first on The Daily Hodl.
US banks are increasingly offloading billions of dollars in bad debt that they’ve officially given up on collecting, according to new numbers from the Federal Deposit Insurance Corporation (FDIC). In its new Quarterly Banking Profile report, the FDIC says US banks reported $21.3 billion in net charge-offs in the second quarter of the year, due […]
The post JPMorgan Chase, Wells Fargo and Bank of America Lose $5,000,000,000 in Push To Offload Rotten Debt As Credit Card Delinquencies Surge appeared first on The Daily Hodl.
