JPMorgan Chase

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

February 19, 2025 The Daily Hodl

bank

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 […]

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

February 18, 2025 The Daily Hodl

bank

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 […]

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Banking Giant JPMorgan Chase Holds $1,016,728 in Bitcoin and Ethereum ETFs, According to New SEC Filing

February 17, 2025 The Daily Hodl

Banks

Financial Services titan JPMorgan Chase is holding over $1 million worth of shares in Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs). According to a new filing with the U.S. Securities and Exchange Commission (SEC), JPMorgan currently holds just over $984,000 worth of Bitcoin-based ETFs and $32,300 worth of ETFs based on Ethereum, the second-largest […]

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$80,000 Abruptly Drained From JPMorgan Chase Account – Why the Bank Says Reimbursement Is Not Happening

February 16, 2025 The Daily Hodl

Business

Banking giant JPMorgan Chase is reportedly denying a customer’s massive reimbursement claim. Single mother Marisel Ballard says she lost $80,000 from her JPMorgan business account after thieves hacked into her social media setup, reports FOX San Antonio. Ballard, who owns the Trustworthy Cleaning Service in Texas, says she linked her bank account to Facebook to […]

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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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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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JPMorgan, Citi, Bank of America, Goldman Sachs, Wells Fargo and Morgan Stanley Reap $145,680,000,000 in Profit in One Year

January 26, 2025 The Daily Hodl

Bank of America

Six of the largest banks in the US recorded exceptional returns in 2024, despite recession fears and geopolitical uncertainty. JPMorgan Chase, Citi, Bank of America, Goldman Sachs, Wells Fargo and Morgan Stanley printed $145.68 billion in combined profits last year, largely propelled by stellar performances in investment banking and dealmaking. JPMorgan Chase witnessed a net […]

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Wells Fargo, Bank of America, JPMorgan Chase and Other US Lenders Shut Down 113 Bank Branches in Just Six Weeks: Report

January 25, 2025 The Daily Hodl

Bank of America

Some of America’s biggest banks are terminating physical branches as the new year kicks off. Between Thanksgiving 2024 and January 11 – about six weeks – Wells Fargo, Bank of America, JPMorgan Chase, US Bank and PNC contributed to a total of 113 planned branch closures, the Daily Mail reports. UMB Bank, a regional institution […]

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President Trump Slams Bank of America, JPMorgan Chase for Allegedly Refusing To Serve Innocent Customers, Denying Access To Bank Accounts

January 23, 2025 The Daily Hodl

bank

President Trump just put Bank of America and JPMorgan Chase on notice over allegations that the banks have shuttered accounts and denied customers over their political beliefs. In a virtual question-and-answer session at the World Economic Forum (WEF), Trump told Bank of America CEO Brian Moynihan to his face that he, as well as JPMorgan […]

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JPMorgan Chase Spends $2,140,000,000 Battling Bank Lawsuits and Federal Agencies in Two Years: Report

January 18, 2025 The Daily Hodl

bank

New filings from JPMorgan Chase reveal how much money the biggest bank in the US is spending on legal battles. The bank’s new 8-K filings with the U.S. Securities and Exchange Commission show the firm spent $2.14 billion on legal expenses in the last two years. That breaks down to $1.4 billion for the full […]

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