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Fintech

Billion-Dollar Bank Sending $3,125,000 To Customers Over Alleged Breach of Contract, Improper Overdraft Fees

A US bank is preparing to pay millions of dollars to settle a lawsuit that accused the lender of breach…

June 7, 2025

$17,000,000 Erroneously Sent To 9,238 Americans As Bank Glitch Derails State’s Payroll Process

A payroll glitch at a US bank has led to thousands of state employees being paid twice their normal salaries.…

June 7, 2025

Meta Shareholders Vote To Shut Down Bitcoin Treasury Proposal in Near-Unanimous Decision

Shareholders at Mark Zuckerberg's Meta have decided to shoot down a proposed Bitcoin (BTC) treasury for the tech giant. According…

June 2, 2025

Payments Giant Stripe Says Banks ‘Very Interested’ in Potentially Using Stablecoins: Report

The payment processing firm Stripe reportedly held early talks with banks regarding the potential for the financial firms to begin…

June 2, 2025

JPMorgan Chase CEO Warns US Bond Crisis Coming After Massive Money Printing, Says Regulators Will Panic

JPMorgan Chase CEO Jamie Dimon just issued a major warning on the state of the US economy. At an event…

May 31, 2025

$413,200,000,000 in Unrealized Losses Hit US Banks As FDIC Warns Rising Rates Adding Pressure

US banks are now saddled with $413.2 billion in unrealized losses on their balance sheets. In its new Quarterly Banking…

May 30, 2025

US Banks Amass $88,660,000,000 Cash Stockpile in Just Three Months As Lenders Abruptly Hoard Assets: S&P Global

US banks are piling cash onto their balance sheets while showing a weak appetite for lending, according to the financial…

May 25, 2025

Wells Fargo Confirms Widespread Outage After Customers Report Issues With Account Access, Balances, Zelle Transfers and Other Transactions

Wells Fargo has confirmed a mass outage that has prevented customers from accessing their accounts. Customers began reporting issues on…

May 18, 2025

Capital One Paying $425,000,000 To Customers After Allegedly Cheating Clients Out of Higher Returns on Bank Balances

US financial giant Capital One will hand $425 million to customers in a massive class action settlement. Account holders accused…

May 18, 2025

Robinhood Acquires Kevin O’Leary-Backed Crypto Firm WonderFi for $179,000,000

The retail trading giant Robinhood is taking over a crypto firm touted by Shark Tank's Mr. Wonderful, Kevin O'Leary. According…

May 13, 2025