Get the scoop on finance - sign up for mobile alerts

Fintech

Billion-Dollar Bank Apologizes After Accusing Client of Scam in ‘Kafkaesque’ Money Freeze: Report

British banking giant Starling Bank has apologized to a client after reportedly blocking his money transfer and forcing him to…

August 25, 2024

Wells Fargo Accused of Overcharging Tens of Thousands of Customers, Offering ‘Illusory and Wholly Inadequate’ Compensation for Damages

A Wells Fargo customer is accusing the third-largest US bank of overcharging consumers in a new proposed class-action lawsuit. The…

August 25, 2024

472,000 JPMorgan Chase Customers Can’t Pay $400 ‘Expense Shock’ by Any Possible Means – Including Credit Cards: Report

A new report from JPMorgan Chase is shedding light on how many Americans can afford to pay for an emergency.…

August 23, 2024

Billion-Dollar Bank Abruptly Terminates ‘Human Barbie Doll’ Jessica Alves’ Account Because She’s on OnlyFans: Report

Model and self-proclaimed "human barbie doll" Jessica Alves says her bank account has been terminated because she's on OnlyFans. Alves…

August 17, 2024

94 US Banks at ‘Serious Risk’ of Bank Runs, Including BNY, State Street, JPMorgan Chase and Citi: Report

A total of 94 US banks are at significant risk of experiencing bank runs by uninsured depositors if they show…

August 17, 2024

Robinhood CEO Vlad Tenev Says Crypto and AI the Two ‘Big Technology Trends’ Transforming Finance

Robinhood CEO Vlad Tenev says crypto and artificial intelligence are the two major technologies driving changes in financial services. In…

August 13, 2024

$7,162,000,000,000 in Uninsured Deposits Brewing in US Bank Accounts As Customers Risk Zero Protection From Federal Government: Report

Americans are holding a whopping $7.162 trillion in uninsured cash in their bank accounts, according to an under-the-radar report from…

August 9, 2024

JPMorgan Chase Sued for $225,000,000 As Dropbox Founder Accuses Lending Giant of Mismanaging Generational Wealth, Charging Millions in Hidden Fees

Dropbox co-founder Arash Ferdowsi just filed a $225 million lawsuit against JPMorgan Chase, accusing the financial giant of mismanaging his…

August 3, 2024

JPMorgan Chase, Bank of America and Wells Fargo Quietly Brace for Customers’ Financial Fallout Amid Increasing Economic Uncertainty

JPMorgan Chase, Bank of America and Wells Fargo are boosting their financial defenses, preparing for customers to increasingly lose the…

July 27, 2024

JPMorgan Chase, Wells Fargo and Bank of America Refuse To Reimburse $880,000,000 To Customers, Accused of ‘Repeated, Relentless Failure’ To Protect Victims of Fraud: Report

A US Senate investigation is shedding light on just how often America's big banks refuse to reimburse victims of fraud.…

July 26, 2024