US Big Four Bank Citi and Fidelity International Unveil Proof of Concept of an On-Chain Money Market Fund

November 7, 2024 The Daily Hodl

Banks

American investment bank Citi and asset manager Fidelity have teamed up to develop a blockchain-based investment fund that can power real-time settlements. In a statement, Citi and Fidelity International introduce the proof-of-concept of an on-chain money market fund (MMF) with digital foreign exchange (FX) swap that can execute programmable multi-asset transactions on-chain, which is not […]

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Coinbase CEO Brian Armstrong and Trump Reportedly Hold Private Discussion

Citi Trader Says Bank Watching for ‘Trump Rip’ or ‘Harris Dip’ As Markets Brace for Election Results

November 5, 2024 The Daily Hodl

Citi

Citi’s US equity strategist says the bank will be looking for trading opportunities this week on election-induced market volatility. Speaking in a new interview on CNBC’s Squawk Box, Citi’s Scott Chronert says that the S&P 500 is mostly fair valued at current levels, but that the election could skew the market in either direction depending […]

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Coinbase CEO Brian Armstrong and Trump Reportedly Hold Private Discussion

Citibank Employee Transfers $166,000 To Himself After Gaining Unauthorized Access to 79-Year-Old Dementia Patient’s Account: Manhattan District Attorney

October 29, 2024 The Daily Hodl

bank

A former personal banker at Citibank has admitted to stealing a huge pile of cash from an elderly customer. According to the office of the Manhattan District Attorney, 35-year-old Juan Velez stole tens of thousands of dollars from a 79-year-old customer over a span of 12 months. “According to court documents, statements made on the […]

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Coinbase CEO Brian Armstrong and Trump Reportedly Hold Private Discussion

JPMorgan Chase, Citi Lose $939,399 As Insiders Steal Cash, Sell Customers’ Sensitive Data: US Bank Regulator

October 26, 2024 The Daily Hodl

bank

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 […]

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Coinbase CEO Brian Armstrong and Trump Reportedly Hold Private Discussion

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

October 19, 2024 The Daily Hodl

Bank of America

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 […]

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Coinbase CEO Brian Armstrong and Trump Reportedly Hold Private Discussion

JPMorgan Chase Paying $900 To New Customers As Wells Fargo, Bank of America and Citi Offer Hundreds in Sign-Up Bonuses

October 5, 2024 The Daily Hodl

bank

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 […]

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Coinbase CEO Brian Armstrong and Trump Reportedly Hold Private Discussion

Senator Warren Slams Citibank’s Ongoing Failures — Suggests Breaking up Citi

October 5, 2024 Bitcoin.com

Banking

Senator Elizabeth Warren has called for bold action from regulators, urging the acting head of the Office of the Comptroller of the Currency (OCC) to address Citibank’s persistent operational failures. Warren stated that Citibank may be “too-big-to-manage,” citing years of regulatory missteps and mishandled reforms, despite ongoing penalties. The letter suggests that breaking up the […]

Coinbase CEO Brian Armstrong and Trump Reportedly Hold Private Discussion

JPMorgan Chase, Bank of America and Five Wall Street Giants Forecast Relentless Rally for One Asset in 2025: Report

October 5, 2024 The Daily Hodl

ANZ

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 […]

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Coinbase CEO Brian Armstrong and Trump Reportedly Hold Private Discussion

$1,100,000,000,000 Pours Into US Banks Amid High Interest Rates As JPMorgan Chase, Bank of America Pay Pittance To Depositors: Report

September 28, 2024 The Daily Hodl

bank

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 […]

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Coinbase CEO Brian Armstrong and Trump Reportedly Hold Private Discussion

JPMorgan Chase, Bank of America, Wells Fargo and Citi Predict Abrupt Fed Rate Cuts Amid Global Market Turbulence: Reports

August 12, 2024 The Daily Hodl

Bank of America

The four largest banks in the US now believe the Federal Reserve is about to cut interest rates amid rising recession fears. A Bank of America economist says a September Fed rate cut is a “virtual lock” following last week’s $6.4 trillion global stock market rout, reports Business Times. “The rate tide has quickly turned.” […]

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Citi

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