Wells Fargo

JPMorgan Chase Launching New Zelle Restrictions After Chase, Bank of America and Wells Fargo Customers Lose $456,000,000 To Scams in One Year

February 19, 2025 The Daily Hodl

bank

JPMorgan Chase is making major changes to the way its customers can use the payments service Zelle. Starting next month, the bank says it will begin blocking Zelle payments that appear to be connected to social media contacts and online marketplaces. “To help protect you from fraud and scams, the Zelle Service should be used […]

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Wells Fargo Refuses To Return Woman’s Life Savings After Bank Account Gutted by Fraudsters – Here’s How She Broke Through the Bank’s Denials

February 15, 2025 The Daily Hodl

bank

Wells Fargo has reportedly refused to reimburse a woman who lost her life savings to an impostor who claimed to work at the banking giant. Houston resident Heather Sanders says she received a call bearing Wells Fargo’s phone number, reports FOX News. Sanders says the person on the other line convinced her that her account […]

The post Wells Fargo Refuses To Return Woman’s Life Savings After Bank Account Gutted by Fraudsters – Here’s How She Broke Through the Bank’s Denials appeared first on The Daily Hodl.

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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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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 […]

The post JPMorgan, Citi, Bank of America, Goldman Sachs, Wells Fargo and Morgan Stanley Reap $145,680,000,000 in Profit in One Year appeared first on The Daily Hodl.

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Wells Fargo and Merill Lynch Paying $60,000,000 Fine for Allegedly Shortchanging Customers While Making Bank on Client Cash

January 25, 2025 The Daily Hodl

Bank of America

Two Wall Street titans are shelling out a combined $60 million to the U.S. Securities and Exchange Commission for allegedly serving their own interests at the detriment of clients. The SEC says Wells Fargo and Bank of America’s Merill Lynch failed to develop legitimate written policies and procedures for their cash sweep programs. According to […]

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Wells Fargo, Bank of America, JPMorgan Chase and Other US Lenders Shut Down 113 Bank Branches in Just Six Weeks: Report

January 25, 2025 The Daily Hodl

Bank of America

Some of America’s biggest banks are terminating physical branches as the new year kicks off. Between Thanksgiving 2024 and January 11 – about six weeks – Wells Fargo, Bank of America, JPMorgan Chase, US Bank and PNC contributed to a total of 113 planned branch closures, the Daily Mail reports. UMB Bank, a regional institution […]

The post Wells Fargo, Bank of America, JPMorgan Chase and Other US Lenders Shut Down 113 Bank Branches in Just Six Weeks: Report appeared first on The Daily Hodl.

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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 […]

The post 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 appeared first on The Daily Hodl.

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$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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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 […]

The post JPMorgan Chase, Bank of America, Citigroup and Wells Fargo Consolidate Power Over Banking Industry Amid Record Profit Share: Report appeared first on The Daily Hodl.

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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 […]

The post 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 appeared first on The Daily Hodl.

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