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JPMorgan Chase, Wells Fargo and Bank of America Lose $5,188,000,000 in Three Months After Exhausting Efforts To Recover Cash From Customers

The Daily Hodl
JPMorgan Chase, Wells Fargo and Bank of America Lose ,188,000,000 in Three Months After Exhausting Efforts To Recover Cash From Customers
bank
JPMorgan Chase, Wells Fargo and Bank of America Lose ,188,000,000 in Three Months After Exhausting Efforts To Recover Cash From Customers

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.

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North Korea’s Lazarus Group’s Sophisticated Tactics Behind .46B Bybit Crypto Heist

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

JPMorgan Chase Launching New Zelle Restrictions After Chase, Bank of America and Wells Fargo Customers Lose $456,000,000 To Scams in One Year

The Daily Hodl
JPMorgan Chase Launching New Zelle Restrictions After Chase, Bank of America and Wells Fargo Customers Lose 6,000,000 To Scams in One Year
bank
JPMorgan Chase Launching New Zelle Restrictions After Chase, Bank of America and Wells Fargo Customers Lose 6,000,000 To Scams in One Year

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.

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North Korea’s Lazarus Group’s Sophisticated Tactics Behind .46B Bybit Crypto Heist

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

JPMorgan Chase Workers Demand Jamie Dimon Reverse New 5-Day In-Office Workweek, Call Rule ‘Great Leap Backward’

The Daily Hodl
JPMorgan Chase Workers Demand Jamie Dimon Reverse New 5-Day In-Office Workweek, Call Rule ‘Great Leap Backward’
bank
JPMorgan Chase Workers Demand Jamie Dimon Reverse New 5-Day In-Office Workweek, Call Rule ‘Great Leap Backward’

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.

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North Korea’s Lazarus Group’s Sophisticated Tactics Behind .46B Bybit Crypto Heist

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

Billionaire Warren Buffett Pours $1,200,000,000 Into New Asset, Dumps $5,500,000,000 of Berkshire Hathaway’s Exposure To Bank of America

The Daily Hodl
Billionaire Warren Buffett Pours ,200,000,000 Into New Asset, Dumps ,500,000,000 of Berkshire Hathaway’s Exposure To Bank of America
bank
Billionaire Warren Buffett Pours ,200,000,000 Into New Asset, Dumps ,500,000,000 of Berkshire Hathaway’s Exposure To Bank of America

Warren Buffett continues to unload billions of dollars of Berkshire Hathaway’s stake in Bank of America (BAC). New SEC filings show Buffett sold 117.4 million shares of BAC worth about $5.5 billion in the fourth quarter of 2024, reducing its stake in the financial giant to 8.9%. Meanwhile, Berkshire added a new investment in the […]

The post Billionaire Warren Buffett Pours $1,200,000,000 Into New Asset, Dumps $5,500,000,000 of Berkshire Hathaway’s Exposure To Bank of America appeared first on The Daily Hodl.

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North Korea’s Lazarus Group’s Sophisticated Tactics Behind .46B Bybit Crypto Heist

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

USDT Issuer Tether Backs Multichain Crypto Wallet Zengo To Boost Stablecoin Adoption

The Daily Hodl
USDT Issuer Tether Backs Multichain Crypto Wallet Zengo To Boost Stablecoin Adoption
Daily Hodl
USDT Issuer Tether Backs Multichain Crypto Wallet Zengo To Boost Stablecoin Adoption

The firm behind the biggest US dollar-pegged stablecoin by market cap is throwing its considerable weight behind a new multichain custody wallet. According to a new announcement from USDT-issuer Tether, the stablecoin behemoth is investing in the self-custodial crypto wallet Zengo. Says Tether CEO Paolo Ardoino of the investment, “Tether is committed to delivering reliable […]

The post USDT Issuer Tether Backs Multichain Crypto Wallet Zengo To Boost Stablecoin Adoption appeared first on The Daily Hodl.

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North Korea’s Lazarus Group’s Sophisticated Tactics Behind .46B Bybit Crypto Heist

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

JPMorgan Chase Abruptly Freezes Customer’s Bank Account, Refuses To Release $65,000 for Nine Months: Report

The Daily Hodl
JPMorgan Chase Abruptly Freezes Customer’s Bank Account, Refuses To Release ,000 for Nine Months: Report
bank
JPMorgan Chase Abruptly Freezes Customer’s Bank Account, Refuses To Release ,000 for Nine Months: Report

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.

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North Korea’s Lazarus Group’s Sophisticated Tactics Behind .46B Bybit Crypto Heist

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

$483,857,000,000 Bank Accused of Denying Customers’ Access to Funds for Days, Depriving Account Holders of Ability To Buy Basic Necessities

The Daily Hodl
3,857,000,000 Bank Accused of Denying Customers’ Access to Funds for Days, Depriving Account Holders of Ability To Buy Basic Necessities
bank
3,857,000,000 Bank Accused of Denying Customers’ Access to Funds for Days, Depriving Account Holders of Ability To Buy Basic Necessities

One of the largest banks in the US denied customers access to their money for days and placed their lives in disarray as a result, according to a new class action lawsuit. Lead plaintiff Daniel Zepeda says that between January 15th and 18th this year, the McLean, Virginia-based lender “left thousands of banking customers unable […]

The post $483,857,000,000 Bank Accused of Denying Customers’ Access to Funds for Days, Depriving Account Holders of Ability To Buy Basic Necessities appeared first on The Daily Hodl.

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North Korea’s Lazarus Group’s Sophisticated Tactics Behind .46B Bybit Crypto Heist

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

Bank Whistleblower Accuses JPMorgan Chase of Violating Cash Reserve Regulations, Pocketing $2,000,000,000 in the Process: Report

The Daily Hodl
Bank Whistleblower Accuses JPMorgan Chase of Violating Cash Reserve Regulations, Pocketing ,000,000,000 in the Process: Report
bank
Bank Whistleblower Accuses JPMorgan Chase of Violating Cash Reserve Regulations, Pocketing ,000,000,000 in the Process: Report

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.

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North Korea’s Lazarus Group’s Sophisticated Tactics Behind .46B Bybit Crypto Heist

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

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

The Daily Hodl
US Senators Accuse JPMorgan Chase, Bank of America, Wells Fargo, Citibank, US Bank, PNC and Truist of ‘Profiteering,’ Raking In ,000,000,000,000 in Record Profits While Paying Savers Peanuts
bank
US Senators Accuse JPMorgan Chase, Bank of America, Wells Fargo, Citibank, US Bank, PNC and Truist of ‘Profiteering,’ Raking In ,000,000,000,000 in Record Profits While Paying Savers Peanuts

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.

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North Korea’s Lazarus Group’s Sophisticated Tactics Behind .46B Bybit Crypto Heist

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

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