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Fintech

Bank Runs Hit 22 US Lenders in 2023 As Wave of Panic Sank Silicon Valley Bank: New York Federal Reserve

The collapse of Silicon Valley Bank (SVB) triggered a wave of bank runs at 22 US lenders last year, according…

October 18, 2024

Bank of America Warns $35,751,000,000,000 National Debt Will Surge To ‘Unprecedented Levels’ As US Lender Recommends One Asset To Investors

Bank of America says the $35.751 trillion national debt will rise to "unprecedented levels" in the years ahead, according to…

October 17, 2024

Bank Paying $29,500,000 To Americans After Allegedly Bombarding People With Illegal Phone Calls, Demanding Nonexistent Debt Payments

One of the largest banks in the US is preparing to hand out $29.5 million to settle accusations that the…

October 15, 2024

$6,470,000,000,000 Crammed Into Money Market Funds As JPMorgan Chase Issues Rate Cut Warning

Investors have now deposited a record $6.47 trillion into money market funds, according to a new report. In the last…

October 13, 2024

$49,999,999,697 Abruptly Exits Chase Bank Account in Massive Withdrawal After Customer Has ‘Crazy Night Out’: Report

A JPMorgan Chase customer says she was shocked to see her account abruptly wiped out and placed nearly $50 billion…

October 11, 2024

$197,700,000,000 in Deposit Flight Hits US Banks in Three Months As Billions of Dollars Piled Into Money Market Funds: Report

Depositors are pulling billions of dollars out of the traditional banking system, according to a new report from the Federal…

October 11, 2024

JPMorgan Chase, Wells Fargo Shares Surge As US Banks Beat Wall Street Expectations

JPMorgan Chase shares are up nearly 5% after the banking giant posted surprising strong Q3 earnings results. Chase reported a…

October 11, 2024

$34,000,000,000 Owed To Customers at American Express, JPMorgan Chase and Capital One As Reward Hoarders Get Squeezed: Report

Customers at American Express, JPMorgan Chase and Capital One have racked up billions of dollars in unspent credit card points…

October 11, 2024

Stripe To Roll Out Support for USDC Payments on Ethereum, Solana and Polygon in Over 150 Countries

Payments giant Stripe is announcing global support for USDC settlements over the Ethereum (ETH), Solana (SOL), and Polygon (POL) blockchains.…

October 10, 2024

VanEck Launches New $30,000,000 Venture Fund Focused on Crypto and Artificial Intelligence

Investment management giant VanEck is launching a new multimillion-dollar venture fund focused on crypto and artificial intelligence (AI). In a…

October 9, 2024