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Financeflux

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

$1,800,000 Guaranteed Income Program Expands As Government Prepares To Hand Out Cash in Major US City 

One of the largest guaranteed income programs in the US is preparing to hand out more cash. The Denver Basic…

April 12, 2024

S&P Global Downgrades Five US Banks, Warns Lenders Hold Billions of Dollars in Loans That May Face ‘Material Deterioration’

Standard & Poors (S&P) just downgraded five more regional banks as pain in the sector continues to spread. In a…

April 6, 2024

$4,500 Drained From JPMorgan Chase Account in Matter of Hours – Now the Bank Blames Its Own Customer and Refuses To Reimburse: Report

A 70-year-old woman says JPMorgan Chase isn't taking responsibility after her account was gutted by cyber thieves. Houston resident Jodene…

April 6, 2024