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Fintech

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

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