Fintech

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

February 16, 2025 The Daily Hodl

bank

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 […]

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BRICS Watch: Russian Finance Minister Highlights Digital Assets’ Role for Bloc’s Future

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

February 11, 2025 The Daily Hodl

Daily Hodl

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 […]

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BRICS Watch: Russian Finance Minister Highlights Digital Assets’ Role for Bloc’s Future

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

February 8, 2025 The Daily Hodl

bank

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 […]

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BRICS Watch: Russian Finance Minister Highlights Digital Assets’ Role for Bloc’s Future

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

February 8, 2025 The Daily Hodl

bank

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 […]

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BRICS Watch: Russian Finance Minister Highlights Digital Assets’ Role for Bloc’s Future

$735,000 To Be Handed Out After Billion-Dollar Firm Allegedly Froze Bank Accounts, Forced Customers To Pay ‘Outrageous’ Fees

February 7, 2025 The Daily Hodl

Account

A billion-dollar fintech firm is preparing to send a total of $735,000 to tens of thousands of customers in a major settlement with regulators. New York Attorney General Letitia James says she’s secured more than $1 million from Netspend. The AG’s office says the firm, which provides reloadable debit cards and payroll cards, violated numerous […]

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BRICS Watch: Russian Finance Minister Highlights Digital Assets’ Role for Bloc’s Future

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

February 1, 2025 The Daily Hodl

bank

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 […]

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BRICS Watch: Russian Finance Minister Highlights Digital Assets’ Role for Bloc’s Future

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

February 1, 2025 The Daily Hodl

bank

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 […]

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BRICS Watch: Russian Finance Minister Highlights Digital Assets’ Role for Bloc’s Future

Nigerian Fintech Moniepoint Secures Over $10m Investment From Visa, Eyes Expansion in Africa

January 30, 2025 Bitcoin.com

bitcoin.com

Visa has invested over $10 million in African fintech Moniepoint, joining its Series C funding round, which now exceeds $120 million. Moniepoint provides banking, credit, and payment services to businesses and individuals in Africa. The investment aims to drive financial inclusion and support SME growth across the continent. Moniepoint processes over 1 billion transactions monthly, […]

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BRICS Watch: Russian Finance Minister Highlights Digital Assets’ Role for Bloc’s Future

Capital One Sued by US Government, Accused of Cheating Millions of Customers out of $2,000,000,000 in Interest

January 25, 2025 The Daily Hodl

billion

The Consumer Financial Protection Bureau (CFPB) is filing a lawsuit against the ninth-largest bank in the US for allegedly misleading and cheating customers out of billions of dollars in interest. The CFPB alleges Capital One misled consumers into believing that its product known as “360 Savings” was offering the best and the highest interest rates […]

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BRICS Watch: Russian Finance Minister Highlights Digital Assets’ Role for Bloc’s Future

Bank Abruptly Shut Down by US Authorities in First Bank Failure of 2025

January 25, 2025 The Daily Hodl

bank

US regulators have abruptly shut down a bank in Illinois in the first bank failure of 2025. The Federal Deposit Insurance Corporation (FDIC) says the Illinois Department of Financial and Professional Regulation (IDFPR) has closed Pulaski Savings Bank. The FDIC has been appointed as the receiver and has transferred all deposit accounts and most of […]

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BRICS Watch: Russian Finance Minister Highlights Digital Assets’ Role for Bloc’s Future