Get the scoop on finance - sign up for mobile alerts

Financeflux

$38,400,000,000 in Deposit Flight Hits Wells Fargo and Citigroup in One Year As JPMorgan Chase CEO Issues Warning To Federal Reserve

New numbers show two of the largest banks in the US are witnessing billions of dollars in deposit flight. Quarterly…

April 20, 2024

$1,300,000 Up for Grabs As Major US City Launches New Guaranteed Income Pilot Program

One of the biggest cities in the US is preparing to hand $1.3 million to families who are struggling to…

April 19, 2024

$930,000,000,000 Wave of Debt Descending on US Banks As Hope for Interest Rate Reversal Fades: Former IMF Deputy Director

An IMF insider is warning of another US banking crisis amid hot inflation, dwindling hope of interest rate cuts from…

April 19, 2024

Fed Rate Cut Would Be Dangerous and Egregious Error, Says Former Treasury Secretary Larry Summers

Former Treasury Secretary Larry Summers is warning that a potential rate cut by the Federal Reserve would be a serious…

April 15, 2024

$1,430,207 To Be Handed Out After Billion-Dollar Bank Suffers Data Breach – Here’s Who Qualifies As Claims Deadline Approaches

Over $1.4 million in settlement cash is about to be handed out to clients at a large US bank after…

April 14, 2024

Citibank Allows Fraudulent Wire Transfers To Proceed After Customers Report Scams, Ask Bank To Freeze Accounts: New York Attorney General

New York Attorney General Letitia James says one of America's biggest banks does nothing to stop fraudulent wire transfers even…

April 13, 2024

JPMorgan Chase To Sell Financial Data of 80,000,000 Clients As Trillion-Dollar Bank Launches Media Platform

JPMorgan Chase is launching a new business that will allow marketers and advertisers to target customers based on their spending…

April 13, 2024

JPMorgan Chase CEO Warns Inflation, Terrible Wars and Violence Are ‘Significant Uncertain Forces’ in New Outlook

The head of the largest bank in the US says he's concerned about "significant uncertain forces" brewing on the global…

April 12, 2024

Billion-Dollar Bank Accused of Charging ‘Crippling’ Overdraft Fees As Customers Launch $5,000,000 Lawsuit: Report

A billion-dollar bank in the US is reportedly facing a potential class-action lawsuit for the second time in about three…

April 12, 2024

US National Debt To Shatter $141,000,000,000,000 As Massive Borrowing Threatens Dollar’s Reserve Currency Status Over Next Three Decades: CBO

The Congressional Budget Office (CBO) projects deficits will run wild as the US national debt surpasses a staggering $141 trillion…

April 12, 2024