Citibank Allows Fraudulent Wire Transfers To Proceed After Customers Report Scams, Ask Bank To Freeze Accounts: New York Attorney General

April 13, 2024 The Daily Hodl

bank

New York Attorney General Letitia James says one of America’s biggest banks does nothing to stop fraudulent wire transfers even after the bank’s own customers call to report fraud and freeze their accounts. Deep dives on the AG’s accusations in her lawsuit against Citibank are emerging, highlighting allegations that Citibank makes “no effort” to alert […]

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Blackrock Reinforces Tokenization Drive Leading Million Funding Round in Digitization Company Securitize

Blackrock Reinforces Tokenization Drive Leading $47 Million Funding Round in Digitization Company Securitize

Wells Fargo Says It Has Suffered Data Breach, Blames Employee for Exposing Personal Information on Pair of Customers

April 13, 2024 The Daily Hodl

bank

Banking titan Wells Fargo says it suffered a data breach that exposed sensitive information on at least two of its customers. In a letter, the California-based financial giant says personal information and mortgage account numbers were exposed. Wells Fargo says one of its employees is responsible for the data breach, although it’s not clear how or […]

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Blackrock Reinforces Tokenization Drive Leading $47 Million Funding Round in Digitization Company Securitize

JPMorgan Chase To Sell Financial Data of 80,000,000 Clients As Trillion-Dollar Bank Launches Media Platform

April 13, 2024 The Daily Hodl

Chase

JPMorgan Chase is launching a new business that will allow marketers and advertisers to target customers based on their spending data. To do that, the banking giant will be providing companies with the data it collects from its 80 million clients. The new venture, called Chase Media Solutions, aims to be a “key conduit for […]

The post JPMorgan Chase To Sell Financial Data of 80,000,000 Clients As Trillion-Dollar Bank Launches Media Platform appeared first on The Daily Hodl.

Blackrock Reinforces Tokenization Drive Leading $47 Million Funding Round in Digitization Company Securitize

JPMorgan Chase CEO Warns Inflation, Terrible Wars and Violence Are ‘Significant Uncertain Forces’ in New Outlook

April 13, 2024 The Daily Hodl

bank

The head of the largest bank in the US says he’s concerned about “significant uncertain forces” brewing on the global stage. In the firm’s first-quarter earnings results, JPMorgan CEO Jamie Dimon says persistent inflation and new, violent conflicts are his two top concerns as Q2 begins. “Many economic indicators continue to be favorable. However, looking […]

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Blackrock Reinforces Tokenization Drive Leading $47 Million Funding Round in Digitization Company Securitize

Billion-Dollar Bank Accused of Charging ‘Crippling’ Overdraft Fees As Customers Launch $5,000,000 Lawsuit: Report

April 12, 2024 The Daily Hodl

bank

A billion-dollar bank in the US is reportedly facing a potential class-action lawsuit for the second time in about three years over allegedly hammering customers with “crippling” overdraft fees. Customers LaNita Criswell and LaSheena Neal say Frost Bank’s history of imposing $35 overdraft fees on transactions that do not exceed account balances is in breach […]

The post Billion-Dollar Bank Accused of Charging ‘Crippling’ Overdraft Fees As Customers Launch $5,000,000 Lawsuit: Report appeared first on The Daily Hodl.

Blackrock Reinforces Tokenization Drive Leading $47 Million Funding Round in Digitization Company Securitize

S&P Global Downgrades Five US Banks, Warns Lenders Hold Billions of Dollars in Loans That May Face ‘Material Deterioration’

April 7, 2024 The Daily Hodl

bank

Standard & Poors (S&P) just downgraded five more regional banks as pain in the sector continues to spread. In a new outlook report, S&P says it’s downgrading First Commonwealth Financial Corp., M&T Bank Corp., Synovus Financial Corp., Trustmark Corp. and Valley National Bancorp. All five banks were downgraded to “negative” from “stable.” S&P says the […]

The post S&P Global Downgrades Five US Banks, Warns Lenders Hold Billions of Dollars in Loans That May Face ‘Material Deterioration’ appeared first on The Daily Hodl.

Blackrock Reinforces Tokenization Drive Leading $47 Million Funding Round in Digitization Company Securitize

$2,000,000 Stolen From Bank of America Account in Devastating Scam, Triggering Lawsuit for Alleged Negligence, Breach of Contract and Violation of Federal Law: Report

April 6, 2024 The Daily Hodl

bank

An elderly woman who lost millions of dollars to scammers is hitting Bank of America (BofA) with a lawsuit over allegations of negligence, breach of contract and violation of federal law. Lynne Bucklin, a 67 year-old Florida resident, says BofA failed to adequately protect her from a scheme that drained $2 million from her accounts, […]

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Blackrock Reinforces Tokenization Drive Leading $47 Million Funding Round in Digitization Company Securitize

JPMorgan Chase Executive Steals $2,400,000 From Customers, Admits To Taking Cash from 74-Year Old Wheelchair-Bound Client

March 30, 2024 The Daily Hodl

JPMorgan Chase Executive Steals ,400,000 From Customers, Admits To Taking Cash from 74-Year Old Wheelchair-Bound Client

bank

An ex-JPMorgan Chase executive has admitted to stealing $2.4 million from the banks’ clients, new court documents show. In a judgment filed on March 15th at the US District Court in the Southern District of New York, Judge Denise L. Cote sentences Kevin Chiu to 48 months in prison after he pleaded guilty to bank […]

The post JPMorgan Chase Executive Steals $2,400,000 From Customers, Admits To Taking Cash from 74-Year Old Wheelchair-Bound Client appeared first on The Daily Hodl.

Blackrock Reinforces Tokenization Drive Leading $47 Million Funding Round in Digitization Company Securitize

U.S. Bank and Oppenheimer Paying $7,000,000 Fine, Admit To Using Unofficial Communications Channels in Federal Crackdown

March 29, 2024 The Daily Hodl

U.S. Bank and Oppenheimer Paying ,000,000 Fine, Admit To Using Unofficial Communications Channels in Federal Crackdown

CFTC

U.S. Bank and Oppenheimer & Co will pay a total of $7 million to the Commodity Futures Trading Commission (CFTC) in a federal crackdown on off-channel communications and improper record keeping. The CFTC has jointly ordered both U.S. Bank and Oppenheimer & Co, an introducing broker, to pay $6 million and $1 million in civil […]

The post U.S. Bank and Oppenheimer Paying $7,000,000 Fine, Admit To Using Unofficial Communications Channels in Federal Crackdown appeared first on The Daily Hodl.

Blackrock Reinforces Tokenization Drive Leading $47 Million Funding Round in Digitization Company Securitize

282 US Banks Suffer ‘Toxic Combo’ That Could Trigger Collapse, With $900,000,000,000 in Total Assets at Stake: Report

March 24, 2024 The Daily Hodl

bank

A total of 282 US banks with $900 billion in total assets are suffering from a “toxic combo” that could push them to the brink of failure, according to a new report. According to the consulting firm Klaros Group, the banks in question simultaneously have large levels of exposure to commercial real estate and significant […]

The post 282 US Banks Suffer ‘Toxic Combo’ That Could Trigger Collapse, With $900,000,000,000 in Total Assets at Stake: Report appeared first on The Daily Hodl.

US Bank

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