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Fintech

JPMorgan Chase and Wells Fargo Offering $300 Cash As Banks’ Battle for New Deposits Intensifies for First Time in Years: Report

Big banks in the US are boosting the amount of cash they're handing to new customers as the fight for…

July 22, 2024

Bank of America, Citigroup and Goldman Sachs Report $4,139,000,000 in Losses As US Lenders Witness Major Spike in Unrecoverable Debt

Bank of America, Citigroup and Goldman Sachs are reporting $4.139 billion in losses as lenders write off mounting debts that…

July 20, 2024

Chainlink (LINK) Creator Sergey Nazarov Says Real World Assets (RWAs) Are Next Big Trend in Blockchain

Sergey Nazarov, co-creator of blockchain oracle service Chainlink (LINK), says that one burgeoning sector of the digital asset space is…

July 14, 2024

JPMorgan Chase, Wells Fargo Suffer $3,500,000,000 in Losses As US Banks Report Major Surge in Bad Debt

Two of the largest banks in the US are declaring a loss on a whopping $3.5 billion in debts that…

July 13, 2024

Goldman Sachs Preparing Move Into Tokenization Services Amid Interest From Clients: Report

Banking giant Goldman Sachs is reportedly preparing to expand its crypto services with a focus on the tokenization of real-world…

July 10, 2024

Wells Fargo Illegally Claims Customers Are Liable for Unauthorized Transfers, Say Victims of Bank Fraud, As New Class-Action Lawsuit Filed in Federal Court

Wells Fargo is facing a new proposed class-action lawsuit, accused of breaking the law by forcing customers to accept responsibility…

July 7, 2024

JPMorgan Chase, Bank of America and 7 Mega Banks Paying $46,000,000 Over Alleged Conspiracy To Rig Trillion-Dollar Derivatives Market

Nine of the largest banks in the world are settling a long-running lawsuit that accuses them of conspiring to rig…

July 6, 2024

Millions of Americans’ Personal Data Allegedly Exposed As Notorious Hacker Hits Bank, Steals Sensitive Info From Multiple Financial Firms

A notorious hacker has successfully breached a major US bank, stealing sensitive customer information from a long list of financial…

July 6, 2024

JPMorgan Chase Warns 80,000,000 Customers Poised To Pay for Bank Accounts in Massive Overhaul, Elimination of Free Services

JPMorgan Chase just issued a major warning to its 86 million customers. The banking giant says a list of new…

July 5, 2024

Russia Looking at Using Stablecoins for International Payments: Russian State Media

Russia is reportedly considering using stablecoins to make international payments, according to state-run media. According to a new report by…

July 3, 2024