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Fintech

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

US Lenders Lose $46,000,000,000 As Customers at Capital One, Citi, JPMorgan Chase, Synchrony, Discover, Citi and Bank of America Face Billions in Delinquencies

Defaults on credit card loans are skyrocketing in the US. Lenders are now witnessing a 14-year high in credit card…

January 4, 2025

JPMorgan Chase, Bank of America, Citigroup and Wells Fargo Consolidate Power Over Banking Industry Amid Record Profit Share: Report

America's biggest banks are about to lock in their largest share of the banking industry's profits in nearly ten years…

December 27, 2024

Wave of New Crypto ETFs Coming in 2025, According to Bloomberg Analyst Eric Balchunas

Bloomberg exchange-traded fund (ETF) analyst Eric Balchunas says that 2025 will likely see many new digital asset ETFs be approved.…

December 17, 2024

Arthur Hayes-Backed Ethena Labs Launches New Stablecoin Backed by BlackRock’s BUIDL

Ethena Labs is announcing the launch of a new US dollar-pegged stablecoin that will be backed by BlackRock's USD Institutional…

December 16, 2024

US Bank Regulator Terminates ‘Legal Loophole’ That’s Draining $5,000,000,000 From Customer Accounts Per Year

A US bank regulator says it's shutting down a "legal loophole" that's costing customers $5 billion in fees per year.…

December 12, 2024