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Fintech

FDIC Warns Customers Holding $7,100,000 in Uninsured Deposits After Sudden Bank Failure

The Federal Deposit Insurance Corporation (FDIC) says large customers at a recently shut down bank could collectively lose millions of…

October 25, 2024

Billionaire Warren Buffett Dumps $10,500,000,000 in Berkshire’s Bank of America Stake After Slashing JPMorgan Chase, Wells Fargo Investments To Zero: Report

Warren Buffett has now sold a staggering $10.5 billion of Berkshire Hathaway's stake in Bank of America in a matter…

October 24, 2024

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