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Financeflux

$40,000,000,000 in Unrealized Losses Hits JPMorgan Chase As Bank of America, Wells Fargo and Citigroup Face Exposure to US Treasuries: Report

JPMorgan Chase has quietly revealed tens of billions of dollars in losses on securities, according to a new report on…

November 3, 2023

JPMorgan Chase, Bank of America, Wells Fargo Suffer Major Outage As Customers Scramble to Locate Deposits

Several of America's biggest banks are facing a flood of complaints about issues with account balances and direct deposits. Customers…

November 3, 2023

PayPal Receives Greenlight To Conduct ‘Certain Crypto Asset Activities’ in the United Kingdom

Global payments giant PayPal just secured a license from financial regulators in the United Kingdom to operate as a crypto…

November 3, 2023

$4,000,000 in Free Money Up for Grabs As US Cities Launch New Guaranteed Income Programs

A pair of guaranteed income pilot programs are set to hand out $4 million to residents in two US cities…

November 3, 2023

Billion-Dollar Bank Pays $29,500,000 Fine Over ‘Massive Fraud’, Allowing Criminals to Access $300,000,000

The Federal Reserve and New York Department of Financial Services are hitting a US bank with a multi-million dollar fine…

October 28, 2023

$100,000,000,000 in Deposits Exit US Banking System in Three Weeks As Fed Survey Says Banks Face Financial Stability Risks

People and businesses are withdrawing billions of dollars in deposits from US banks as a new survey details concern on…

October 27, 2023

Major US Bank Refuses to Reimburse Customer After Criminal Caught on Camera Stealing Cash From Account: Report

One of the biggest banks in the US reportedly refused to reimburse a customer despite security footage showing a criminal…

October 27, 2023

China Sees Biggest Capital Flight in Seven Years As $5,100,000,000 Exits Struggling Stock Market: Report

Banking giant Goldman Sachs says that China is weathering the biggest capital flight since 2016 amid struggling equities markets. In…

October 24, 2023

Bank Profits Surge by $280,000,000,000 Globally Due to Sharp Increase in Interest Rates: McKinsey

Banks are collectively posting their most substantial profits in a decade, according to a new assessment from the consulting giant…

October 22, 2023

$44,354,000,000 Exits Bank of America, Morgan Stanley and BNY Mellon in Three Months As Deposit Flight Refuses to Relent

Three US financial titans just witnessed the flight of $44.354 billion in deposits in a single quarter. According to Bank…

October 22, 2023