Six US Banks Issue Urgent Debit Card Alerts, Forcing Mandatory Replacements for Many, After Third-Party Security Breach

November 16, 2024 The Daily Hodl

bank

Six US banks are reporting potential security breaches of debit cards, with several forcing affected customers to get replacements. In new filings with the Massachusetts state government, Mainstreet Bank, Savers Bank, The Village Bank, Watertown Savings Bank, Webster Five Cents Savings Bank and Eagle Bank say some debit cards may have been compromised following a […]

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JPMorgan Chase Paying $100,000,000 To Customers As Bank Settles Wave of Allegations From U.S. Securities and Exchange Commission

November 1, 2024 The Daily Hodl

bank

JPMorgan Chase is handing $100 million to customers after settling a wave of allegations from the U.S. Securities and Exchange Commission. The bank is settling five separate cases with the agency and will pay an additional $51 million to regulators, for a total of $151 million. The alleged violations include misleading disclosures, breaches of fiduciary […]

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$109,000 Drained From 81 Year-Old’s Bank Account in Devastating Social Security Scam: Report

October 23, 2024 The Daily Hodl

bank

An 81 year-old woman says she’s lost her entire life savings to a Social Security scam. Washington, D.C.-based Gladys Baxley says she recently received a call from someone claiming to be with the Social Security Administration, reports the CBS-affiliated news station WUSA9. When the caller said Baxley’s Social Security number was in the hands of […]

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$400,000 Extracted From ATMs Across New York As Criminals Hit Banks in Sophisticated Scheme: Report

October 19, 2024 The Daily Hodl

ATM

The US Department of Justice says it’s apprehended six men accused of stealing over $400,000 from ATMs in New York. The men allegedly used a device to infect the New York ATMs with malware, forcing them to dispense all the cash they contain in a relatively short period of time in a scheme known as […]

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JPMorgan Chase, Bank of America, Wells Fargo and Citi Lose $6,900,000,000 From Sour Loans As Analyst Warns Notorious Debt Bubble Is Popping

October 19, 2024 The Daily Hodl

Bank of America

JPMorgan Chase, Wells Fargo, Bank of America and Citi are unloading billions of dollars in bad debt that they’ve given up on recovering. New earnings data shows the four largest banks in the country collectively recorded $6.9 billion in net charge-offs in Q3 of this year, primarily driven by credit card delinquencies and soured consumer […]

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Bank Runs Hit 22 US Lenders in 2023 As Wave of Panic Sank Silicon Valley Bank: New York Federal Reserve

October 18, 2024 The Daily Hodl

bank

The collapse of Silicon Valley Bank (SVB) triggered a wave of bank runs at 22 US lenders last year, according to an under-the-radar report from the New York Federal Reserve. Depositors pulled cash from the unnamed banks en masse on March 10th and March 13th, 2023 – with some lenders losing up to 10% of […]

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US Bank Customers Deposit Fake $100 Bills As Police Issue Warning on Counterfeit Cash: Report

October 12, 2024 The Daily Hodl

US Bank Customers Deposit Fake 0 Bills As Police Issue Warning on Counterfeit Cash: Report

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Police in a major US city are looking for suspects as reports of people receiving fake $100 bills spread across the community. Authorities in Clare, Michigan say at least five phony $100 bills were discovered inside an Isabella Bank branch, reports Newsradio WSGW. The bills all carry the same phony serial number and were deposited […]

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10th-Largest US Bank Paying $3,100,000,000 Fine in Historic Admission of Guilt After Criminals ‘Dump Piles of Cash’ on Banks’ Counters

October 10, 2024 The Daily Hodl

10th-Largest US Bank Paying ,100,000,000 Fine in Historic Admission of Guilt After Criminals ‘Dump Piles of Cash’ on Banks’ Counters

billion

The 10th-largest bank in the US is preparing to pay a $3.1 billion fine after becoming the first in American history to plead guilty to conspiracy to commit money laundering. TD Bank’s American-based unit has also admitted to violating the Bank Secrecy Act, and will hand $1.8 billion to the Department of Justice and $1.3 […]

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Banks Under Attack As ‘Octo2′ Drains Customers’ Accounts in Secret Smartphone Takeover: Report

October 4, 2024 The Daily Hodl

Account

Hackers have unleashed a highly advanced piece of malware that quietly infects mobile devices, takes control and drains bank accounts without users even noticing. Security researchers at Threat Fabric say “Octo2” is a vastly improved version of a malicious mobile malware that captures users’ banking credentials as they are typed on the screen, allowing hackers […]

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JPMorgan Chase ‘Knowingly Assisted’ $119,000,000 Ponzi Scheme, New Lawsuit Alleges

September 14, 2024 The Daily Hodl

JPMorgan Chase ‘Knowingly Assisted’ 9,000,000 Ponzi Scheme, New Lawsuit Alleges

bank

Banking giant JPMorgan Chase is accused of knowingly enabling an alleged Ponzi scheme targeting retail investors. Plaintiff David Stapleton alleges the bank boosted an obvious fraudulent scheme orchestrated by Sanjeev Acharya, the CEO of Silicon Sage Builders, which resulted in significant financial losses for investors. Stapleton says Acharya raised more than $119 million from 250 […]

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U.S. Bank