Wells Fargo

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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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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Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

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 […]

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Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

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! […]

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Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

$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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Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

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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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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Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Wells Fargo Refuses To Reimburse Customer After $15,000 Drained From Account in Sophisticated Scam: Report

November 9, 2024 The Daily Hodl

bank

An Omaha grandmother is fighting for reimbursement from Wells Fargo after her savings were drained by someone claiming to work at the bank. Arlene Gibbs says she received worrying text messages telling her that three of her accounts had been compromised and that further action was required, reports the NBC-affiliated news station WOWT. Gibbs says the […]

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Bank of America Bracing for $800,000,000 Loss As Investigators Probe BofA, JPMorgan Chase and Wells Fargo’s Alleged Refusal To Reimburse Customers

November 9, 2024 The Daily Hodl

bank

The second-largest US bank by total assets says it’s preparing for significant losses due to ongoing regulatory issues. In a new filing with the U.S. Securities and Exchange Commission (SEC), Bank of America says it faces a “reasonably possible and estimable” loss of up to $800 billion due to investigations from the Consumer Financial Protection […]

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Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks

Billionaire Warren Buffett Pours $7,800,000,000 Into ‘High-Flying’ Asset After Dumping Bank of America, JPMorgan Chase and Wells Fargo: Report

November 2, 2024 The Daily Hodl

bank

Billionaire Warren Buffett is buying a “high flying” asset after significantly reducing his exposure to the US banking industry, according to a new report. The renowned investor has sold $10.5 billion of Berkshire Hathaway’s stake in Bank of America since the summer, after selling all of the firm’s JPMorgan Chase and Wells Fargo positions in […]

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Crypto Battle Looms at SEC: Trump’s Team Set to Clash With Gensler’s Picks