A US regulator says a former JPMorgan Chase employee has admitted to stealing thousands of dollars from customers’ accounts and from the bank’s ATMs. The Office of the Comptroller of the Currency (OCC) says Roberto Garcia, a former Chase personal banker, stole approximately $12,948 from the bank while serving as an ATM custodian in Miami, […]
The post JPMorgan Chase Insider Drains Customers’ Accounts, Lifts $12,948 in Cash From ATMs: US Bank Regulator appeared first on The Daily Hodl.
JPMorgan Chase has reportedly unloaded a major real estate investment in Los Angeles, taking an eight-figure loss. JPM’s Investment Management division has sold a large apartment complex in LA’s Little Tokyo district in a deal with a “mega landlord,” The Real Deal reports. Records show the bank bought the complex on 232 East 2nd Street […]
The post JPMorgan Chase Takes $29,900,000 Loss On LA Apartment Complex in Deal With ‘Mega Landlord’: Report appeared first on The Daily Hodl.
An illicit method of extracting cash from JPMorgan Chase ATMs is going viral. Posts and videos are spreading across social media of a supposed “glitch” that appears to be centered on depositing fake checks into the bank’s ATMs. Once a fake check is deposited, customers are then withdrawing a portion of the funds that are […]
The post JPMorgan Chase Customers Extract Cash From ATMs Using Supposed Bank ‘Glitch’ – And Immediately Regret It appeared first on The Daily Hodl.
A growing number of US banks are accused of routinely misleading customers in a push to pocket billions of dollars. JPMorgan Chase is now facing a proposed class action lawsuit for allegedly shifting customers’ idle cash into accounts with extremely low interest rates without proper disclosure. The bank joins Wells Fargo, Bank of America and […]
The post JPMorgan Chase, Bank of America and Wells Fargo Allegedly Reap Billions of Dollars on Backs of Misled Customers As Lawsuits Hit Multiple Financial Giants appeared first on The Daily Hodl.
JPMorgan Chase says it’s not responsible after an Ohio woman deposited $6,000 directly into a scammer’s Chase bank account. The scammer initially called the victim and pretended to be with Huntington Bank, convincing her that a fraudulent transaction would execute if she didn’t withdraw the cash from her account, reports the CBS-affiliated Cleveland 19 News, […]
The post Woman Deposits $6,000 Into Scammer’s JPMorgan Chase Account, Banking Giant Says Reimbursement Not Happening: Report appeared first on The Daily Hodl.
JPMorgan Chase, Bank of America, Wells Fargo and other US financial giants reportedly failed to stop a scam that wiped out an 85-year-old woman’s life savings. Annette Manes, a widowed social worker, is a victim of a scheme that drained $1.4 million over the course of 279 days, reports Bloomberg. Manes says the scammers, who […]
The post Scammer Drains $1,400,000 From Elderly Widow As JPMorgan Chase, Bank of America, Wells Fargo and Other Financial Giants Sit and Watch: Report appeared first on The Daily Hodl.
A new report from JPMorgan Chase is shedding light on how many Americans can afford to pay for an emergency. An analysis of 5.9 million households with Chase bank accounts shows 8% are completely unable to cover a $400 “expense shock” – not even with their credit cards. That adds up to 472,000 customers from […]
The post 472,000 JPMorgan Chase Customers Can’t Pay $400 ‘Expense Shock’ by Any Possible Means – Including Credit Cards: Report appeared first on The Daily Hodl.
Economists at Goldman Sachs are increasing the odds that the US economy will enter a period of an economic downturn by the end of the year. Analysts at the banking behemoth have raised the odds of a recession occurring in the coming months from 15% to 25%, citing the last month’s jump in unemployment data, reports […]
The post Goldman Sachs Raises US Recession Odds As Total Bankruptcy Filings Surge by Almost 25%: Report appeared first on The Daily Hodl.
A former JPMorgan employee is in the cross hairs of the Financial Industry Regulatory Authority (FINRA) over alleged regulatory violations. FINRA says it’s penalizing Dale Self with a $5,000 fine and suspending him from associating with its members for 15 business days for “improperly” taking the personal information of dozens of customers from J.P. Morgan […]
The post JPMorgan Employee Allegedly Steals Account Data, Social Security Numbers and Other Sensitive Information on Over 200 Customers: FINRA appeared first on The Daily Hodl.
Favorable economic data this week bolstered market confidence, leading to a strong rally in equities, JPMorgan explained in a report published on Friday. With the Federal Reserve now likely to cut interest rates in September, the global investment bank advises investors to prepare by adjusting their portfolios accordingly. The futures market predicts a 100% chance […]