A Colorado woman says she was sent to the hospital after fighting with her bank for nearly a year to get her money refunded from a scam. Bev Thompson of Adams County, Colorado, says she contacted GO2Bank right away when she noticed that $420 was withdrawn from her account via ATM machines at a local […]
The post Bank Refuses To Reimburse Customer After Fraudsters Allegedly Skim Debit Card At Walgreens, Launch Spending Spree: Report appeared first on The Daily Hodl.
The Federal Deposit Insurance Corporation (FDIC) is penalizing a Weir, Kansas-based bank with a monetary fine equal to over a quarter of the lender’s total assets. The US banking regulator says it has determined that CBW Bank failed to maintain an “adequate Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) compliance program” and is consequently imposing […]
The post US Banking Regulator FDIC Hits Bank With $20,448,000 Penalty – About a Quarter of the Lender’s Total Assets appeared first on The Daily Hodl.
US lending giant Capital One says it’s working on a technical issue that’s preventing thousands of customers from accessing their money. The firm says a “technical issue experienced by a third-party vendor” is to blame, in a statement issued to CNN. The issue has triggered problems with payment processing and deposits across the firm’s consumer, […]
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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 […]
The post JPMorgan Chase Spends $2,140,000,000 Battling Bank Lawsuits and Federal Agencies in Two Years: Report appeared first on The Daily Hodl.
Unrealized losses on Bank of America’s balance sheet are ballooning amid rising bond yields, according to a new report. Bank of America’s unrealized losses on mostly US agency mortgage-backed securities could jump to $111 billion in the fourth quarter of 2024, an increase of 29% from the previous quarter, reports Barron’s. Bank of America’s held-to-maturity […]
The post $111,000,000,000 in Unrealized Losses Could Hit Bank of America As 10-Year Treasury Yield Moves Higher: Report appeared first on The Daily Hodl.
Bank of America says a customer is out of luck after a “phantom hacker” drained $20,000 from her account. Chicago-based business owner Milan Jackson says it all started when she received a phone call from someone who claimed to work at the bank, reports ABC 7. The man on the phone said someone was trying […]
The post ‘Phantom Hacker’ Drains $20,000 From Bank of America Account – Now the Bank Refuses To Reimburse: Report appeared first on The Daily Hodl.
Market intelligence firm S&P Global predicts banks will incur nearly $1 trillion in credit losses this year despite an improving macroeconomic backdrop. In its Global Credit Outlook 2025 report, the firm says global credit conditions appear to remain supportive in 2025 as major economies successfully engineer soft landings and central banks pivot to looser monetary […]
The post $850,000,000,000 in Credit Losses Will Hit Banks This Year As Uncertainty Prevails: S&P Global Forecast appeared first on The Daily Hodl.
JPMorgan Chase says the dollar’s strength may persist this year as the firm expects the US economy to outperform other developed markets. In a new report, JPMorgan says the US dollar has defied gravity in 2024 and could continue doing so amid increasing disparities in global growth. The bank’s analysts say a strong US economy […]
The post JPMorgan Chase Says US Dollar Strength May Continue To Defy Gravity This Year – Here’s Why appeared first on The Daily Hodl.
A US bank executive drained hundreds of thousands of dollars from the lender over a span of about three months, according to the Federal Deposit Insurance Corporation (FDIC). The FDIC says that between June 5th of 2023 and September 18th of 2023, Jessica Ann Marshall allegedly stole $345,664.66 while working as a branch manager at the […]
The post Bank Executive Accused of Stealing $345,664 From Lender in Three Months, Forging Documents and Directing Staff To Falsify Records appeared first on The Daily Hodl.
Defaults on credit card loans are skyrocketing in the US. Lenders are now witnessing a 14-year high in credit card defaults, reports the Financial Times. The bad credit forced lenders to collectively write off a whopping $46 billion in loans that are considered seriously delinquent in the first nine months of 2024. Based on data […]
The post US Lenders Lose $46,000,000,000 As Customers at Capital One, Citi, JPMorgan Chase, Synchrony, Discover, Citi and Bank of America Face Billions in Delinquencies appeared first on The Daily Hodl.
