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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

‘Phantom Hacker’ Drains $20,000 From Bank of America Account – Now the Bank Refuses To Reimburse: Report

Bank of America says a customer is out of luck after a "phantom hacker" drained $20,000 from her account. Chicago-based…

January 17, 2025

$850,000,000,000 in Credit Losses Will Hit Banks This Year As Uncertainty Prevails: S&P Global Forecast

Market intelligence firm S&P Global predicts banks will incur nearly $1 trillion in credit losses this year despite an improving…

January 11, 2025

$2,000,000 Drained From Customers’ Bank Accounts in Just 8 Days, Says Financial Giant, Warning Scammers Trigger Fraudulent Transfers Like Clockwork

A trillion-dollar banking giant says its customers lost about $2 million to fraud in a span of just eight days.…

January 11, 2025

Police Allowed To Freeze Bank Accounts As New ‘Last Resort’ Law Targets Scammers – Here’s Where It’s Happening

One of the world's largest financial hubs just passed a law giving police the authority to freeze citizens' bank accounts.…

January 11, 2025

JPMorgan Chase Says US Dollar Strength May Continue To Defy Gravity This Year – Here’s Why

JPMorgan Chase says the dollar's strength may persist this year as the firm expects the US economy to outperform other…

January 11, 2025

Bank Executive Accused of Stealing $345,664 From Lender in Three Months, Forging Documents and Directing Staff To Falsify Records

A US bank executive drained hundreds of thousands of dollars from the lender over a span of about three months,…

January 5, 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 Abruptly Freezes $43,000, Refuses To Release Funds To Scammed Bank of America Customer: Report

JPMorgan Chase is refusing to release $43,000 that belongs to a scammed Bank of America customer, according to a new…

January 4, 2025