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Financeflux

Billion-Dollar Bank’s ATM Glitch Triggers Mad Rush for Cash As Machine Spits Out Double the Requested Amount

An ATM owned by a multi-billion dollar bank in London was reportedly swarmed by customers after dishing out more cash…

November 24, 2023

JPMorgan Chase Accused of Severely Damaging Multi-Million Dollar Business, Blocking Transactions and Triggering Mass Account Terminations: $600,000,000 Defamation Lawsuit

The world's largest bank is facing a $600 million defamation lawsuit for allegedly spreading misinformation, blocking transactions and severely damaging…

November 24, 2023

$102,178,826,000 Added To US Debt in Just 15 Days As Heritage Foundation Warns America Could Default ‘Sooner Rather Than Later’

The US government's balance sheet is ballooning, with more than a hundred billion dollars in debt added in just 15…

November 24, 2023

$18,745,000 To Be Handed Out With No Strings Attached As New Guaranteed Income Programs Launch in Four States

New guaranteed income programs are launching in four states across the US. A total of $18.745 million will be handed out…

November 24, 2023

JPMorgan Chase, Wells Fargo and BofA Hit With Negative Ratings Outlook As Moody’s Says US Government Has Weaker Capacity To Support Big Banks

Three US banking giants have just had their ratings downgraded to "negative" by Moody's. Moody's Investor Service downgraded JPMorgan Chase,…

November 19, 2023

Major US Bank Will Hand Out $1,400,000 for Treating Group of Americans As Criminals, Giving ‘Fake Reasons’ To Deny Services: CFPB

The Consumer Financial Protection Bureau (CFPB) says it's ordering financial giant Citibank to shell out over a million dollars to…

November 18, 2023

Lending Giant Fined $15,000,000 for Withdrawing Funds From Bank Accounts Without Consent, Deceiving Customers With False Statements

One of the largest licensed lenders in the US will pay a $15 million fine for "widespread illegal conduct" including…

November 17, 2023

JPMorgan Chase Rejects Customer After $11,000 Stolen From Bank Account, Victim Says Money ‘Almost Safer in My Pocket’

JPMorgan Chase says news that a scammer stole $11,000 from a retired postal worker's account is heartbreaking – but the…

November 17, 2023

$491,900,000,000 in US Treasuries Dumped by China in Decade As Country’s US Debt Holdings Hit 14-Year Low

The second-largest economy in the world has been steadily unloading hundreds of billions of dollars worth of US government-backed securities…

November 17, 2023

$174,303,000,000 in Deposit Flight Hits US Banks in Three Months As S&P Global Declares Banking Industry Is ‘Gradually Shrinking’

New numbers are shedding light on the multi billion-dollar flow of capital out of the US banking system. In a…

November 11, 2023