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Financeflux

$83,000 Drained From Wells Fargo Accounts in Minutes – Customers Say Bank ‘Rolling Their Eyes,’ Blaming Them, Refusing To Reimburse

Two Wells Fargo customers are calling out the banking giant after scammers ripped tens of thousands of dollars from their…

May 4, 2024

JPMorgan Chase, Bank of America and Citibank Holding $7,427,000,000,000 Off-Balance Sheet in Potentially Dangerous Cocktail of Unknown Assets: Report

JPMorgan Chase, Bank of America and Citibank are keeping trillions of dollars in unknown and potentially risky assets off of…

May 3, 2024

$133,163,900,000 in Deposits Exit US Banking System in One Week As Former Fed President Warns Lenders Are Vulnerable

People are once again pulling their money out of the US banking system. The latest data from the Federal Reserve…

May 3, 2024

$2,700,000 To Be Given Away, No Strings Attached, As Google-Backed Guaranteed Income Pilot Prepares for Launch

Tech giant Google is backing a new multi-million dollar guaranteed income project. The pilot program, dubbed "It All Adds Up,"…

May 3, 2024

Japan’s Yen Flash Crashes To 160 Per Dollar As Global Currency Exhibits Extreme Volatility

The Japanese yen just tapped its worst level against the US dollar in more than three decades, reportedly triggering emergency…

April 29, 2024

Billion-Dollar Bank Paying $700,000 Penalty for Illegally Freezing Accounts, Transferring Customers’ Cash to Debt Collectors

New York's Attorney General is penalizing a national bank for freezing its customers' accounts and handing the funds over to…

April 29, 2024

JPMorgan Chase CEO Warns Multiple Headwinds Threaten US Economy, Urges Investors To Avoid ‘False Sense of Security’

JPMorgan chief executive Jamie Dimon is warning against becoming complacent as he believes it is within the realm of possibility…

April 29, 2024

Billion-Dollar Bank Facing Class Action Compliant After Data Breach Exposes Customers’ Names, Social Security Numbers and Other Sensitive Information

A US bank is facing a proposed class action lawsuit for allegedly failing to protect its customers' sensitive personal information…

April 28, 2024

US National Debt Surges $273,859,000,000 in Two Months As Billionaire Leon Cooperman Warns Nation Heading Toward Financial Crisis

The US government's balance sheet continues to expand at a scorching pace, with more than a quarter of a trillion…

April 28, 2024

JPMorgan Chase and Bank of America Suffer $4,500,000,000 in Losses As ‘Unrecoverable Debt’ Soars: Report

The two largest banks in the US are declaring a loss on $4.5 billion in debts that customers are unable…

April 27, 2024