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Financeflux

US National Debt Surges $116,000,000,000 in August As Heritage Foundation Warns America Risks Reaching Point of No Return

America's national debt is rising at a rapid rate. The government’s FiscalData platform shows $116 billion has been added to…

August 19, 2023

US Banks Suffer $18,900,000,000 in Losses As JPMorgan Chase and Capital One Take Big Hits From Bad Loans: Report

America's biggest banks are taking hits to their bottom line as soaring interest rates cause billions of dollars in loans…

August 18, 2023

‘Free Money’ Banking Glitch Goes Viral, Letting Customers Withdraw Cash That’s Not In Their Account

A software bug at a billion-dollar bank has allowed customers to withdraw cash that's not theirs. The bug made it…

August 18, 2023

US Demands $1,435,000,000 From Banking Giant for Alleged Fraud and Role in Great Financial Crisis

The banking giant UBS is facing a hefty fine from the US Department of Justice for its role in the…

August 18, 2023

Goldman Sachs Predicts Federal Reserve Timeline for Slashing Interest Rates by 0.25% per Quarter: Report

Economists at the banking giant Goldman Sachs think the U.S. Federal Reserve will begin lowering its benchmark interest rate in…

August 16, 2023

US Deficit Surpasses $1,600,000,000,000 As Larry Summers Warns America on Unsustainable Fiscal Trajectory

Former US Treasury Secretary Larry Summers says America is walking a precarious path as the nation's budget deficit reaches $1.613…

August 14, 2023

Wells Fargo and 10 Firms Face $549,000,000 Fine Over Illegal Use of WhatsApp, Signal and iMessage

US regulators just hit Wells Fargo and 10 additional firms with a half-billion dollar fine for a widespread record-keeping failure.…

August 12, 2023

$99,000,000,000 Withdrawal Goes Viral As JPMorgan Chase Accused of Initiating Massive Transaction and Freezing Bank Account

An apparent banking blunder is going viral after a Reddit user reported a truly massive withdrawal from his JPMorgan Chase…

August 12, 2023

$54,900,000,000 Added To US Debt in Five Days As UN Issues ‘Grave Warning’ on Global Balance Sheets

The total amount of outstanding US debt just hit a new record high. New numbers from the government’s FiscalData system…

August 12, 2023

US Banks Facing ‘Significant Risk’ of Deposit Flight As Profit Margins Narrow, Warns Top Ratings Agency

The credit ratings agency Moody's just issued a fresh warning on the US banking system. In new research note, Moody's…

August 11, 2023