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Fintech

Bank Whistleblower Accuses JPMorgan Chase of Violating Cash Reserve Regulations, Pocketing $2,000,000,000 in the Process: Report

A former JPMorgan Chase employee is accusing America’s largest lender of systematically misreporting key indicators that the Federal Reserve uses…

February 1, 2025

US Senators Accuse JPMorgan Chase, Bank of America, Wells Fargo, Citibank, US Bank, PNC and Truist of ‘Profiteering,’ Raking In $1,000,000,000,000 in Record Profits While Paying Savers Peanuts

Two US lawmakers are accusing seven of the largest American banks by total assets of failing to pass the benefits…

January 31, 2025

Capital One Sued by US Government, Accused of Cheating Millions of Customers out of $2,000,000,000 in Interest

The Consumer Financial Protection Bureau (CFPB) is filing a lawsuit against the ninth-largest bank in the US for allegedly misleading…

January 24, 2025

Bank Abruptly Shut Down by US Authorities in First Bank Failure of 2025

US regulators have abruptly shut down a bank in Illinois in the first bank failure of 2025. The Federal Deposit…

January 24, 2025

President Trump Slams Bank of America, JPMorgan Chase for Allegedly Refusing To Serve Innocent Customers, Denying Access To Bank Accounts

President Trump just put Bank of America and JPMorgan Chase on notice over allegations that the banks have shuttered accounts…

January 23, 2025

US Banking Regulator FDIC Hits Bank With $20,448,000 Penalty – About Quarter of the Lender’s Total Assets

The Federal Deposit Insurance Corporation (FDIC) is penalizing a Weir, Kansas-based bank with a monetary fine equal to over a…

January 18, 2025

Thousands of Capital One Customers Unable To Access Money, Deposit Cash Amid Widespread Technical Issues

US lending giant Capital One says it's working on a technical issue that's preventing thousands of customers from accessing their…

January 18, 2025

JPMorgan Chase Spends $2,140,000,000 Battling Bank Lawsuits and Federal Agencies in Two Years: Report

New filings from JPMorgan Chase reveal how much money the biggest bank in the US is spending on legal battles.…

January 18, 2025

$111,000,000,000 in Unrealized Losses Could Hit Bank of America As 10-Year Treasury Yield Moves Higher: Report

Unrealized losses on Bank of America's balance sheet are ballooning amid rising bond yields, according to a new report. Bank…

January 18, 2025

Investment Giant Franklin Templeton Envisions Future Merge of AI Agents With Crypto Ecosystem

Financial services titan Franklin Templeton is predicting artificial intelligence (AI) agents and the cryptocurrency ecosystem will continue to merge through…

January 15, 2025