Wells Fargo

US Lenders Lose $46,000,000,000 As Customers at Capital One, Citi, JPMorgan Chase, Synchrony, Discover, Citi and Bank of America Face Billions in Delinquencies

January 5, 2025 The Daily Hodl

bank

Defaults on credit card loans are skyrocketing in the US. Lenders are now witnessing a 14-year high in credit card defaults, reports the Financial Times. The bad credit forced lenders to collectively write off a whopping $46 billion in loans that are considered seriously delinquent in the first nine months of 2024. Based on data […]

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Switzerland’s Crypto Valley hits $593B with 17 unicorns in 2024

$20,000+ Abruptly Drained From Wells Fargo Account, Customer Says Bank Refuses To Reimburse After Promising To Return Funds

December 28, 2024 The Daily Hodl

bank

A Wells Fargo customer says the bank refuses to reimburse her account after scammers stole her entire life savings. The Virginia resident, who is 80-years-old and identified as Kay, says she received a message from someone impersonating Wells Fargo warning her account had been frozen, reports the NBC-affiliated news station WWBT. Kay says the message […]

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Switzerland’s Crypto Valley hits $593B with 17 unicorns in 2024

JPMorgan Chase, Bank of America, Citigroup and Wells Fargo Consolidate Power Over Banking Industry Amid Record Profit Share: Report

December 28, 2024 The Daily Hodl

Bank of America

America’s biggest banks are about to lock in their largest share of the banking industry’s profits in nearly ten years after an explosive run-up. JPMorgan Chase, Bank of America, Citigroup and Wells Fargo – the four largest banks in the US – recorded $88 billion in collective profits in the first nine months of the […]

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Switzerland’s Crypto Valley hits $593B with 17 unicorns in 2024

JPMorgan Chase, Wells Fargo and Bank of America Customers Lose $870,000,000 To Scammers on Zelle, Forcing Victims To ‘Fend for Themselves’: CFPB Lawsuit

December 20, 2024 The Daily Hodl

bank

Customers at JPMorgan Chase, Wells Fargo and Bank of America have collectively lost $870 million to scammers on Zelle in the last seven years, according to a powerful US bank regulator. The Consumer Financial Protection Bureau (CFPB) says it’s suing the three banking giants and Zelle’s parent firm for allegedly failing to protect people from […]

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Switzerland’s Crypto Valley hits $593B with 17 unicorns in 2024

Billionaire Warren Buffett Bets $120,000,000,000 on Two Assets After Dumping Bank of America, JPMorgan Chase, Wells Fargo

December 14, 2024 The Daily Hodl

AAPL

Billionaire Warren Buffett is now betting a whopping $120 billion on just two assets. The chairman and CEO of Berkshire Hathaway has allocated 40.1% of the firm’s portfolio to Apple (AAPL) and American Express (AXP), according to new SEC filings. Berkshire initiated its investment in Apple back in 2016 and has adjusted its holdings multiple […]

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Switzerland’s Crypto Valley hits $593B with 17 unicorns in 2024

US Banks Witness 1,000% Surge in Digital Scams As JPMorgan Chase, Wells Fargo and Bank of America Customers Lose $166,000,000 on Zelle in One Year: Report

December 14, 2024 The Daily Hodl

bank

US banks are witnessing a massive surge in sophisticated digital scams, according to a new report. The number of social engineering scams targeting both US and Canadian bank customers has exploded 1,000% in the last year, according to the cybersecurity firm BioCatch. Social engineering scammers use deceptive tactics to impersonate entities like banks or family […]

The post US Banks Witness 1,000% Surge in Digital Scams As JPMorgan Chase, Wells Fargo and Bank of America Customers Lose $166,000,000 on Zelle in One Year: Report appeared first on The Daily Hodl.

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Switzerland’s Crypto Valley hits $593B with 17 unicorns in 2024

JPMorgan Chase, Wells Fargo, Bank of America and 9 Wall Street Firms Forecast Record-Breaking Year for US Stock Market in 2025: Report

December 8, 2024 The Daily Hodl

Bank of America

A dozen Wall Street firms including JPMorgan Chase, Wells Fargo and Bank of America are revealing their 2025 targets for the S&P 500. The financial companies collectively expect the US stock market to reach fresh all-time highs next year amid expectations that a Trump presidency will create a favorable macroeconomic environment for equities, reports Yahoo! […]

The post JPMorgan Chase, Wells Fargo, Bank of America and 9 Wall Street Firms Forecast Record-Breaking Year for US Stock Market in 2025: Report appeared first on The Daily Hodl.

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Switzerland’s Crypto Valley hits $593B with 17 unicorns in 2024

$89,670,000,000 in Increasingly Risky Loans Flagged at JPMorgan Chase, Wells Fargo and Bank of America: Report

November 30, 2024 The Daily Hodl

bank

America’s biggest banks are reporting a rapid increase in the number of substandard, doubtful and potentially loss-making loans on their balance sheets, according to a new report. The amount of money tied up in criticized loans, which show emerging signs of risk and weakness that could lead to defaults, just reached its highest level since […]

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Switzerland’s Crypto Valley hits $593B with 17 unicorns in 2024

Wells Fargo Issues Fraud Warning As Scammers Drain $503,910,000 From US Banks in Three Months

November 29, 2024 The Daily Hodl

bank

Wells Fargo is issuing a warning to US bank customers as new numbers shed light on the amount of fraudulent transfers hitting Americans’ bank accounts. In a new op-ed, Wells Fargo fraud expert Margarita Alvarez says imposter scams are on the rise, with $2.7 billion lost in 2023, according to the Federal Trade Commission (FTC). […]

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Switzerland’s Crypto Valley hits $593B with 17 unicorns in 2024

Nearly One-Third of All Customers at US Banks Have Experienced Fraud in Last 12 Months: Study

November 17, 2024 The Daily Hodl

bank

A massive chunk of all US banking customers have recently experienced some type of fraud on their accounts, according to a new study. Consumer insights and analytics firm J.D. Power says the study shows 29% of US bank customers and 22% of credit card users – at banks like Wells Fargo, Bank of America and […]

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Switzerland’s Crypto Valley hits $593B with 17 unicorns in 2024