Central banks are in the midst of a gold buying spree, according to new numbers from the World Gold Council (WGC). The organization says central banks added $24 billion of gold, weighing 290 tonnes, to their coffers in the first quarter of this year. That’s the strongest level of net demand for any quarter on […]
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JPMorgan Chase will pay a total of $448 billion to US regulators for failing to monitor potential market misconduct on billions of transactions in its global trading operation. In a filing with the U.S. Securities and Exchange Commission (SEC), the banking giant says it has made a deal with an unnamed US regulator that will […]
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Two Wells Fargo customers are calling out the banking giant after scammers ripped tens of thousands of dollars from their accounts in a matter of minutes. Jolinda Crocker says $60,000 was ripped from her account while she was teaching at her music school in Italy, reports the Daily Mail. Crocker says she received a text […]
The post $83,000 Drained From Wells Fargo Accounts in Minutes – Customers Say Bank ‘Rolling Their Eyes,’ Blaming Them, Refusing To Reimburse appeared first on The Daily Hodl.
JPMorgan Chase, Bank of America and Citibank are keeping trillions of dollars in unknown and potentially risky assets off of their balance sheets, according to new data from the US government. The new numbers – compiled by the Federal Financial Institutions Examination Council (FFIEC) and first reported on by Wall Street on Parade – show JPMorgan […]
The post JPMorgan Chase, Bank of America and Citibank Holding $7,427,000,000,000 Off-Balance Sheet in Potentially Dangerous Cocktail of Unknown Assets: Report appeared first on The Daily Hodl.
Following the dramatic bank failures last year and the recent collapse of Philadelphia’s Republic First Bank last week, an analysis by Klaros Group indicates that hundreds of U.S. banks are at risk of failure. The study reveals that smaller and regional banks are experiencing stress due to burdensome commercial real estate loans and the current […]
People are once again pulling their money out of the US banking system. The latest data from the Federal Reserve Economic Data (FRED) system shows total deposits in all commercial banks fell $133.163 billion in seven days, from $17.580 trillion on April 10th to $17.446 trillion on April 17th. The new numbers have erased gains that […]
The post $133,163,900,000 in Deposits Exit US Banking System in One Week As Former Fed President Warns Lenders Are Vulnerable appeared first on The Daily Hodl.
A US bank is facing a proposed class action lawsuit for allegedly failing to protect its customers’ sensitive personal information and suffering a massive data breach. SouthState Bank, which has over $45 billion in assets, is being hit with a class action lawsuit led by plaintiff Latonya Gore in Florida, filings show. The suit concerns […]
The post Billion-Dollar Bank Facing Class Action Compliant After Data Breach Exposes Customers’ Names, Social Security Numbers and Other Sensitive Information appeared first on The Daily Hodl.
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.
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 […]
The post JPMorgan Chase CEO Warns Inflation, Terrible Wars and Violence Are ‘Significant Uncertain Forces’ in New Outlook appeared first on The Daily Hodl.
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.
