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US Banks’ Unrealized Losses Explode by $118,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’

US Banks’ Unrealized Losses Explode by 8,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’

The amount of unrealized losses on American banks’ balance sheets is surging. In its new Quarterly Banking Profile for the fourth quarter of 2024, the Federal Deposit Insurance Corporation (FDIC) says US banks reported a massive $118.4 billion increase in unrealized losses on securities, bringing the total to $482.4 billion. The FDIC says spikes in […]

The post US Banks’ Unrealized Losses Explode by $118,400,000,000 in Three Months As FDIC Declares 66 Banks on ‘Problem List’ appeared first on The Daily Hodl.

US recession 40% likely in 2025, what it means for crypto — Analyst

Zelle Prepares To Terminate Transactions on Mobile App, Pushing Popular Service Exclusively To Major US Banks and Financial Institutions

Zelle Prepares To Terminate Transactions on Mobile App, Pushing Popular Service Exclusively To Major US Banks and Financial Institutions

The popular payments platform Zelle is preparing to implement a major change to its mobile app services. The platform says it’s preparing to terminate all transaction capabilities for businesses and consumers on the firm’s standalone mobile app, officially ending all services after March 31st. The app, which processed approximately $20 billion in transactions in 2024, […]

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US recession 40% likely in 2025, what it means for crypto — Analyst

$200,000 Exits Dead Man’s Bank Account As Bank Employee Allegedly Pilfers Massive Pile of Cash for Personal Gain: Report

0,000 Exits Dead Man’s Bank Account As Bank Employee Allegedly Pilfers Massive Pile of Cash for Personal Gain: Report

A billion-dollar bank is now being sued after more than $200,000 vanished from a dead man’s account, according to a new report. The estate of the late John Lindy Steward is suing FirstBank for allegedly refusing to reimburse a series of unauthorized transfers from his account – despite the bank being promptly notified of Steward’s […]

The post $200,000 Exits Dead Man’s Bank Account As Bank Employee Allegedly Pilfers Massive Pile of Cash for Personal Gain: Report appeared first on The Daily Hodl.

US recession 40% likely in 2025, what it means for crypto — Analyst

Wells Fargo Allegedly Does Nothing As Fraudsters Drain $40,000 From Account, Ignoring Urgent Warnings of Fraudulent Activity: Report

Wells Fargo Allegedly Does Nothing As Fraudsters Drain ,000 From Account, Ignoring Urgent Warnings of Fraudulent Activity: Report

A Texas couple says Wells Fargo is refusing to reimburse after $40,000 was stolen from their business account despite urgent warnings of fraudulent activity. Jose Vasquez tells FOX 26 that on January 27, he and his wife Amanda noticed someone had attempted to set up a direct transfer for $20,000. He says he contacted Wells […]

The post Wells Fargo Allegedly Does Nothing As Fraudsters Drain $40,000 From Account, Ignoring Urgent Warnings of Fraudulent Activity: Report appeared first on The Daily Hodl.

US recession 40% likely in 2025, what it means for crypto — Analyst

Impostor Drains $87,000 From JPMorgan Chase Account – Bank Refuses To Reimburse One Penny: Report

Impostor Drains ,000 From JPMorgan Chase Account – Bank Refuses To Reimburse One Penny: Report

JPMorgan Chase is reportedly refusing to cover losses for a customer who lost her life savings to a fraudster. Former policewoman Courtney White says she lost $87,000 to a thief who impersonated her and made withdrawals from her JPMorgan Chase account to the tune of thousands of dollars per day, reports NBC 5 Chicago. White […]

The post Impostor Drains $87,000 From JPMorgan Chase Account – Bank Refuses To Reimburse One Penny: Report appeared first on The Daily Hodl.

US recession 40% likely in 2025, what it means for crypto — Analyst

Billionaire Warren Buffett Amasses Record $334,000,000,000 Cash Position At Berkshire Hathaway After Dumping $5,500,000,000 of Exposure To Bank of America

Billionaire Warren Buffett Amasses Record 4,000,000,000 Cash Position At Berkshire Hathaway After Dumping ,500,000,000 of Exposure To Bank of America

Investing legend Warren Buffett has built a record $334 billion cash position at Berkshire Hathaway. The firm’s new fourth-quarter and yearly earnings reports show Buffett continues to be a net seller of assets, with cash on hand rising from $325 billion at the end of Q3. The firm’s Q4 sales include a whopping sell-off of […]

The post Billionaire Warren Buffett Amasses Record $334,000,000,000 Cash Position At Berkshire Hathaway After Dumping $5,500,000,000 of Exposure To Bank of America appeared first on The Daily Hodl.

US recession 40% likely in 2025, what it means for crypto — Analyst

Jamie Dimon Abruptly Dumps $233,770,000 in JPMorgan Chase Stock As Bank’s Shares Tap All-Time High

Jamie Dimon Abruptly Dumps 3,770,000 in JPMorgan Chase Stock As Bank’s Shares Tap All-Time High

JPMorgan Chase CEO Jamie Dimon just sold a massive amount of his company’s stock. New SEC filings show Dimon sold a total of 866,361 shares at a price of $269.83 on Thursday, worth a whopping $233.77 million. According to the SEC Form 4 filing, the shares sold are attributed to various entities including his family, […]

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US recession 40% likely in 2025, what it means for crypto — Analyst

JPMorgan Chase Employee Allegedly Steals $857,000, Abusing Insider Status To Manipulate Hundreds of US Treasury Checks: Department of Justice

JPMorgan Chase Employee Allegedly Steals 7,000, Abusing Insider Status To Manipulate Hundreds of US Treasury Checks: Department of Justice

A JPMorgan Chase banker has allegedly abused her position as an insider at the banking giant to steal nearly $1 million. According to a Department of Justice indictment, Franchesca Calagui knowingly cashed hundreds of forged U.S. Treasury checks while working as a teller at JPMorgan Chase to enrich herself and co-conspirators. The scheme lasted for […]

The post JPMorgan Chase Employee Allegedly Steals $857,000, Abusing Insider Status To Manipulate Hundreds of US Treasury Checks: Department of Justice appeared first on The Daily Hodl.

US recession 40% likely in 2025, what it means for crypto — Analyst

JPMorgan Chase, Wells Fargo and Bank of America Lose $5,188,000,000 in Three Months After Exhausting Efforts To Recover Cash From Customers

JPMorgan Chase, Wells Fargo and Bank of America Lose ,188,000,000 in Three Months After Exhausting Efforts To Recover Cash From Customers

JPMorgan Chase, Wells Fargo and Bank of America say they’ve lost $5.188 billion from customers who have been declared unable to pay their bills. The banks outlined the Q4 losses in “net charge-offs” statements, revealing loans that the banks have declared as uncollectible and removed from their books after exhausting efforts to recover the owed […]

The post JPMorgan Chase, Wells Fargo and Bank of America Lose $5,188,000,000 in Three Months After Exhausting Efforts To Recover Cash From Customers appeared first on The Daily Hodl.

US recession 40% likely in 2025, what it means for crypto — Analyst