Get the scoop on finance - sign up for mobile alerts

bank

40 Banks Shut Down in Sudden ‘Vanishing Act’ – Absorbed Into Larger Lenders As Economy Teeters in China: Report

Banks are collapsing at an unprecedented rate in China due to a major downturn in the country's property market, poor…

July 12, 2024

Bank Executive Steals $250,000 From Customers, Directly Accessing Bank Accounts To Fund His Lifestyle: US Department of Justice

The U.S. Department of Justice says a former bank manager has admitted to stealing over a quarter million dollars from…

July 7, 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

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

Billion-Dollar Bank Exposes Customers’ Full Names, Account Numbers, Dates of Birth and More in ‘Foreseeable and Preventable’ Data Breach: Class-Action Allegations

A North Carolina-based bank is facing a proposed class-action lawsuit over a data breach that has allegedly placed customers at…

June 30, 2024

JPMorgan Chase, Bank of America and Wells Fargo Accounts Used in Alleged $92,000,000 Money Laundering Scheme: Report

An alleged $92 million money laundering scheme went "right through" three of the largest banks in the US, according to…

June 29, 2024

$30,000 Drained From JPMorgan Chase Account As Criminal Buys Car, Pays Girlfriend’s Bills, and Bank Refuses To Reimburse: Report

A JPMorgan Chase customer is filing a lawsuit after the banking giant refused to reimburse thousands of dollars drained from…

June 28, 2024

Big Banks Would Survive $685,000,000,000 Financial Disaster Despite Lenders’ Riskier Balance Sheets: Federal Reserve

A year after three of the largest bank failures in US history, the Federal Reserve says America's banking giants have…

June 27, 2024

Federal Reserve Breached, Claim Hackers, Allegedly Exposing 33 Terabytes of ‘Juicy Information Containing Americans’ Banking Secrets’

An infamous Russian hacker group claims it has successfully breached the U.S. Federal Reserve. Security researchers say the ransomware group LockBit…

June 25, 2024