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.
An Atlanta woman says a popular US bank abruptly froze her account and refused to let her cash out, leaving her to fend for herself. Shelley Camp says Green Dot locked her out of her bank account out of nowhere for “unusual activity,” reports the ABC-affiliated news station WSB-TV. Camp says she was out of […]
The post Billion-Dollar Bank Abruptly Freezes Woman’s Account and Refuses To Return Funds, Forcing Her To Rely on Family and Friends for Survival: Report appeared first on The Daily Hodl.
The Federal Reserve and the Office of the Comptroller of the Currency (OCC) are hitting banking giant JPMorgan Chase with a $348.20 million fine in a coordinated enforcement action. Both the Fed and the OCC say JPMorgan engaged in “unsafe or unsound banking practices” in relation to its trade surveilling program. The OCC says that […]
The post JPMorgan Chase Paying $348,200,000 Penalty, Issued Cease-and-Desist Order Over ‘Unsafe or Unsound’ Banking Practices appeared first on The Daily Hodl.
JPMorgan Chase reportedly refuses to reimburse a customer who says she warned the bank of suspicious activity – and then watched scammers drain her account over the course of three days. Houston resident Cindy Little says she recently received a text message from Chase letting her know that an “unknown” person had been added as […]
The post JPMorgan Chase Refuses To Reimburse Customer After $7,900 Drained From Bank Account in Brutal Three-Day Hack: Report appeared first on The Daily Hodl.
A new lawsuit accuses Bank of America of abruptly seizing and refusing to return millions of dollars in assets that belong to a customer. The complaint alleges BofA cracked open a safe deposit box belonging to Canadian coin collector Levend Coskun, taking a large collection of gold and silver coins without proper notice. According to […]
The post Bank of America Allegedly Takes $3,600,000 Treasure Trove From Customer, Refuses To Return Millions in Assets: New Lawsuit appeared first on The Daily Hodl.
A New York-based bank is witnessing the exodus of billions of dollars in deposits amid an industry-wide warning from Fed Chair Jerome Powell. New York Community Bank’s (NYCB) new earnings report shows total deposits fell from $81.365 billion at the end of start of the year to $77.2 billion on March 6th – a drop […]
The post $4,165,000,000 in Deposit Flight Hits New York Bank As Federal Reserve Chair Jerome Powell Warns More Lenders Will Collapse appeared first on The Daily Hodl.
An ailing New York bank just announced an injection of $1 billion in capital in a push to stay afloat. New York Community Bank says the infusion was led by former U.S. Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital, as well as Hudson Bay and Reverence Capital. In a press release, Mnuchin says he believes […]
The post Troubled New York Bank Receiving $1,000,000,000 Liquidity Injection in Push to Save Ailing Lender appeared first on The Daily Hodl.
A New York bank with $113.9 billion in assets is reportedly in trying to raise cash as its stock nosedives 40% in a matter of hours. New York Community Bank’s (NYCB) stock fell so far so fast that trading was halted “pending imminent news,” according to multiple reports. The Wall Street Journal says the bank […]
The post New York Bank Reportedly in Crisis Mode – Stock Frozen After 40% Nosedive As Lender Tries to Raise Cash appeared first on The Daily Hodl.
A former IMF official believes the U.S. Federal Reserve has pushed America to the brink of another banking crisis. Desmond Lachman, who was deputy director in the International Monetary Fund’s (IMF) Policy Development and Review Department, says in a new blog post for public policy think tank The American Enterprise Institute (AEI) that Fed Chair […]
The post America on Eve of Banking Crisis, Warns Ex-IMF Official, With Hundreds of Lenders at Risk of Failure appeared first on The Daily Hodl.
A Wells Fargo branch manager has stolen over $1 million from customers via unauthorized cash withdrawals, money transfers and cashier’s checks, according to a statement from the U.S. Attorney’s Office in the Western District of Washington. Prosecutors say Brian Davie targeted eight different victims, one of them being a woman who lost over $566,000 from her […]
The post Wells Fargo Executive Drains $1,279,840 From Elderly and Disabled Customers’ Bank Accounts – Here’s How He Broke the System appeared first on The Daily Hodl.
