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JPMorgan Chase, Wells Fargo and BofA Hit With Negative Ratings Outlook As Moody’s Says US Government Has Weaker Capacity To Support Big Banks

Three US banking giants have just had their ratings downgraded to "negative" by Moody's. Moody's Investor Service downgraded JPMorgan Chase,…

November 19, 2023

Major US Bank Will Hand Out $1,400,000 for Treating Group of Americans As Criminals, Giving ‘Fake Reasons’ To Deny Services: CFPB

The Consumer Financial Protection Bureau (CFPB) says it's ordering financial giant Citibank to shell out over a million dollars to…

November 18, 2023

Lending Giant Fined $15,000,000 for Withdrawing Funds From Bank Accounts Without Consent, Deceiving Customers With False Statements

One of the largest licensed lenders in the US will pay a $15 million fine for "widespread illegal conduct" including…

November 17, 2023

JPMorgan Chase Rejects Customer After $11,000 Stolen From Bank Account, Victim Says Money ‘Almost Safer in My Pocket’

JPMorgan Chase says news that a scammer stole $11,000 from a retired postal worker's account is heartbreaking – but the…

November 17, 2023

$174,303,000,000 in Deposit Flight Hits US Banks in Three Months As S&P Global Declares Banking Industry Is ‘Gradually Shrinking’

New numbers are shedding light on the multi billion-dollar flow of capital out of the US banking system. In a…

November 11, 2023

Hackers Hit World’s Largest Bank, Forcing Financial Giant to Rely on USB Stick to Settle Trades: Report

Engineers are investigating how hackers managed to crack the New York arm of the Industrial & Commercial Bank of China…

November 11, 2023

Wells Fargo Refuses To Refund Customer After Thousands of Dollars Allegedly Exits Bank Account Without Authorization: Report

One of America's biggest banks is reportedly refusing to reimburse a customer after thousands of dollars vanished from his account.…

November 10, 2023

JPMorgan Chase and Citibank Are Abruptly Terminating Accounts, Triggering Chaos and Confusion for Customers: Report

A new report is calling out JPMorgan Chase, Citibank and the US banking system at large for kicking loyal customers…

November 10, 2023

Bank Withdrawal Limits and Exit Fees Under Consideration by Financial Authorities in Switzerland, According to Contentious New Report

The Swiss National Bank and the Swiss Finance Ministry are considering new measures that would make it more difficult for…

November 4, 2023

Billion-Dollar Bank Pays $29,500,000 Fine Over ‘Massive Fraud’, Allowing Criminals to Access $300,000,000

The Federal Reserve and New York Department of Financial Services are hitting a US bank with a multi-million dollar fine…

October 28, 2023