A group of JPMorgan Chase customers are banding together to sue the banking giant, claiming they were forced to pay “unconscionable and predatory” fees. The lawsuit accuses Chase of hitting customers with as much as $30 in fees for checks that bounced through no fault of their own, reports Forbes. “The five customers – who […]
The post JPMorgan Chase Customers Forced to Pay ‘Unconscionable and Predatory’ Fees Despite Doing Nothing Wrong: $5,000,000 Lawsuit appeared first on The Daily Hodl.
Binance Holdings is set to pay $4.3 billion in fines following the approval of its plea agreement with prosecutors by U.S. District Judge Richard Jones on Friday. Beyond the financial settlement, a third party will oversee Binance’s operations for a duration of five years. Historic $4.3 Billion Binance Settlement Approved by Seattle Judge Binance, the […]
One of the largest investment banks in the world will pay over half a million dollars for failing to adequately monitor trading activities – including instances of potential market manipulation. The Financial Industry Regulatory Authority’s (FINRA) Department of Enforcement says that between February 2009 and April 2023, Goldman Sachs neglected to include warrants, rights, units […]
The post US Regulator Slaps $512,500 Fine on Goldman Sachs, Says Bank Failed to Identify Potential Market Manipulation appeared first on The Daily Hodl.
The Federal Reserve and New York Department of Financial Services (DFS) just announced a multi million-dollar settlement with a Beijing-based banking giant. The US agencies say the Industrial and Commercial Bank of China (ICBC) will pay a total of $32.4 million for failing to follow the Bank Secrecy Act and Anti-Money Laundering laws, neglecting to […]
The post World’s Largest Bank To Pay $32,400,000 for Violating Bank Secrecy Act, Backdating Documents and Exposing Confidential Information appeared first on The Daily Hodl.
The U.S. Securities and Exchange Commission says JPMorgan Chase will pay an $18 million fine for actively working to stop customers from reporting illegal activity at the leading US bank. In a press release, the SEC says JPMorgan routinely asked retail clients to sign confidential release agreements if they had been issued a credit or […]
The post JPMorgan Chase Pays $18,000,000 Fine for Forcing Customers To Stay Silent About Bank’s Bad Behavior appeared first on The Daily Hodl.
A US banking giant has agreed to pay a quarter of a billion dollars for promising confidentiality to clients – and revealing their information to gain a market advantage. The U.S. Securities and Exchange Commission (SEC) says it’s charging Morgan Stanley and its former head of equity syndicate desk, Pawan Passi, with fraud for disclosing […]
The post US Banking Giant Paying $249,000,000 Fine for Abusing Markets, Reaping Millions From Confidential Information appeared first on The Daily Hodl.
A banking giant with $1.80 trillion in assets under management is paying a multi-million dollar civil penalty for making false statements to clients and overcharging customers. In a press release, the Monetary Authority of Singapore (MAS) says it’s hitting Credit Suisse with a $3.9 million SGD ($2.90 million) fine for failing to stop illegal practices […]
The post Trillion-Dollar Bank Pays $2,950,000 Fine for Lying to Clients, Routinely Overcharging Customers appeared first on The Daily Hodl.
A US bank with $20.5 billion in assets, loans, and deposits will send at least $5 million to thousands of customers after allegedly harvesting millions of dollars in illegal overdraft fees. The Consumer Financial Protection Bureau (CFPB) says Atlantic Union Bank enrolled thousands of people in checking account overdraft programs without proper consent. The agency […]
The post Billion-Dollar Bank Sending $5,000,000 to Customers After Illegally Harvesting Millions in Fees: CFPB appeared first on The Daily Hodl.
A private bank in Switzerland has agreed to pay a $122.9 million fine for helping wealthy US citizens hide a staggering $5.6 billion in assets. According to the Justice Department, Banque Pictet & Cie allowed Americans to secretly hold billions of dollars in 1,637 bank accounts from 2008 to 2014. Officials at the Justice Department […]
The post Banking Giant Pays $122,900,000 Fine for Helping Americans Hide $5,600,000,000 in Secret Accounts appeared first on The Daily Hodl.
The Federal Reserve and New York Department of Financial Services are hitting a US bank with a multi-million dollar fine for violating the Bank Secrecy Act. The agencies say Metropolitan Commercial Bank (MCB) will pay a total of $29.5 million in penalties for allowing criminals to open new accounts and misdirect a staggering $300 million. […]
The post Billion-Dollar Bank Pays $29,500,000 Fine Over ‘Massive Fraud’, Allowing Criminals to Access $300,000,000 appeared first on The Daily Hodl.
