Bank Whistleblower Accuses JPMorgan Chase of Violating Cash Reserve Regulations, Pocketing $2,000,000,000 in the Process: Report

February 1, 2025 The Daily Hodl

bank

A former JPMorgan Chase employee is accusing America’s largest lender of systematically misreporting key indicators that the Federal Reserve uses to determine the amount of capital reserves that banks must maintain. According to a report by the International Consortium of Investigative Journalists (ICIJ), a former JPMorgan Chase employee-turned-whistleblower alleges the bank has understated complexity indicators […]

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Billion-Dollar Bank Says Account Numbers, Names and Other Sensitive Info Exposed As Insider Triggers New Data Breach

February 1, 2025 The Daily Hodl

bank

The tenth-largest bank in the US by total assets just disclosed a new cybersecurity incident that’s affecting customers’ data. In a filing with the Massachusetts state government, TD Bank says it recently discovered that a former employee accessed and shared sensitive personal information belonging to customers between August of 2022 and December of the same […]

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US Senators Accuse JPMorgan Chase, Bank of America, Wells Fargo, Citibank, US Bank, PNC and Truist of ‘Profiteering,’ Raking In $1,000,000,000,000 in Record Profits While Paying Savers Peanuts

February 1, 2025 The Daily Hodl

bank

Two US lawmakers are accusing seven of the largest American banks by total assets of failing to pass the benefits of a high interest-rate environment to customers. In a letter to the CEOs of Bank of America, Citibank, JPMorgan Chase (JPMC), US Bank, PNC Bank, Truist and Wells Fargo, US senators Elizabeth Warren (D-Mass.) and […]

The post US Senators Accuse JPMorgan Chase, Bank of America, Wells Fargo, Citibank, US Bank, PNC and Truist of ‘Profiteering,’ Raking In $1,000,000,000,000 in Record Profits While Paying Savers Peanuts appeared first on The Daily Hodl.

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Scammer Drains $109,000 From 91-Year-Old’s Bank Account As Fraud Targeting Elderly Runs Rampant

January 26, 2025 The Daily Hodl

bank

The elderly are being disproportionately targeted by scammers and con artists while facing little to no protection. 91-year-old Loris Sinanian from Blairsville, Georgia has reportedly lost over six figures after being conned by someone posing as an old friend who wanted to repay a $100 debt, Atlanta News First reports. After establishing contact with Sinanian, […]

The post Scammer Drains $109,000 From 91-Year-Old’s Bank Account As Fraud Targeting Elderly Runs Rampant appeared first on The Daily Hodl.

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JPMorgan, Citi, Bank of America, Goldman Sachs, Wells Fargo and Morgan Stanley Reap $145,680,000,000 in Profit in One Year

January 26, 2025 The Daily Hodl

Bank of America

Six of the largest banks in the US recorded exceptional returns in 2024, despite recession fears and geopolitical uncertainty. JPMorgan Chase, Citi, Bank of America, Goldman Sachs, Wells Fargo and Morgan Stanley printed $145.68 billion in combined profits last year, largely propelled by stellar performances in investment banking and dealmaking. JPMorgan Chase witnessed a net […]

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Bank of America Customers Exposed As ‘Unauthorized Party’ Accesses Social Security Numbers, Names, Locations and Financial Data in Third-Party Breach

January 25, 2025 The Daily Hodl

bank

Bank of America says a third-party breach has exposed the sensitive data of hundreds of customers. According to a new filing with the Office of the Maine Attorney General, an unidentified third-party software provider has discovered an unauthorized entity gained access to its systems. The security breach happened in October and although BofA’s systems were […]

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Bank Abruptly Shut Down by US Authorities in First Bank Failure of 2025

January 25, 2025 The Daily Hodl

bank

US regulators have abruptly shut down a bank in Illinois in the first bank failure of 2025. The Federal Deposit Insurance Corporation (FDIC) says the Illinois Department of Financial and Professional Regulation (IDFPR) has closed Pulaski Savings Bank. The FDIC has been appointed as the receiver and has transferred all deposit accounts and most of […]

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President Trump Eliminates SAB 121, Allowing Banks To Custody Bitcoin and Crypto Assets

January 23, 2025 The Daily Hodl

Altcoins

President Trump has officially eliminated a controversial guideline from the U.S. Securities and Exchange Commission that effectively prevented US banks from holding crypto assets. The new administration just rescinded Staff Accounting Bulletin 121, which forced banks to identify crypto assets held on behalf of their customers as liabilities on their balance sheets. A bill aiming to […]

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President Trump Slams Bank of America, JPMorgan Chase for Allegedly Refusing To Serve Innocent Customers, Denying Access To Bank Accounts

January 23, 2025 The Daily Hodl

bank

President Trump just put Bank of America and JPMorgan Chase on notice over allegations that the banks have shuttered accounts and denied customers over their political beliefs. In a virtual question-and-answer session at the World Economic Forum (WEF), Trump told Bank of America CEO Brian Moynihan to his face that he, as well as JPMorgan […]

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US Banking Regulator FDIC Hits Bank With $20,448,000 Penalty – About a Quarter of the Lender’s Total Assets

January 18, 2025 The Daily Hodl

bank

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.

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