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banking

$120,000 Exits Citibank Account in Mysterious Scam – And Bank Tells Customer to Get Lawyer

A resident of Skokie, Illinois is suing banking giant Citibank on behalf of his disabled sister over the sudden disappearance…

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 Denies Wrongdoing After Freezing $204,000 in Customer’s Account, Facing Lawsuit for Damages

Wells Fargo says it did nothing wrong when freezing $204,000 in a customer's account – even though it's partially relenting…

October 13, 2023

Banking Giant To Terminate Accounts en Masse Based on Physical Address, Says Move Is Irreversible

London-based lender Barclays says it plans to terminate the accounts of thousands of British citizens who are currently residing outside…

September 30, 2023

Billion-Dollar Bank Fined $9,650,000 for Misleading Customers, Charging 186,000 Accounts With Hidden Fees and Interest

A bank with about $670 billion in total assets will pay a multi-million-dollar fine after admitting to misleading credit card…

September 30, 2023

BRICS Reviewing Global Payments System to Bypass US Dollar and Circumvent SWIFT: Report

The global economic alliance known as BRICS is reportedly considering the launch of a global payments system that could sidestep…

September 29, 2023

$58,000 Abruptly Vanishes From Bank Account, Says Couple – As Banking Giant Issues Complete Denial of Claims

A trillion-dollar bank is rejecting a young couple who claims tens of thousands of dollars has disappeared from their account.…

September 29, 2023

Banking Glitch Turns Teen Into Overnight Millionaire After $10,900 Deposit Transforms Into $10,900,000

British bank Nationwide accidentally made one of its customers an overnight multimillionaire after abruptly adding about $10.9 million into his…

September 24, 2023

Vitalik Buterin Warns CBDCs Moving in Wrong Direction, Calls Them ‘Front Ends’ for the Banking System: Report

Ethereum (ETH) co-creator Vitalik Buterin reportedly says that central bank digital currencies (CBDCs) are not developing in the way he…

September 24, 2023

JPMorgan Chase Rejects Customer’s Plea for Reimbursement After Criminal With Chase Bank Account Steals $24,000

JPMorgan Chase says a customer who lost $24,000 in a sophisticated scam is out of luck – even though the…

September 1, 2023