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 – The Daily Hodl
Defaults on credit card loans are rapidly increasing in the United States. Financial institutions are currently seeing credit card defaults reach a 14-year high. report Financial Times. Bad credit has forced lenders to write off a massive $46 billion in loans that are believed to be seriously delinquent in the first nine months of 2024. […]
Rank-and-file bank workers sell client data to online scammers: report
Bank officials are selling customer data in backroom deals with online fraudsters, facilitating sophisticated scams targeting Americans' survival savings, the report says. These bank insiders, typically the lowest-paid employees, continue to be arrested for selling personal information, exposing major weaknesses in banks' security. Bloomberg News reported. “The more employees within a company have access to […]
Bank killer makes wild request after Biden commuted death sentence
A South Carolina man convicted of the brutal 2017 murders of two bank employees is seeking “compassionate release” days after President Biden commuted his death sentence to save his life. . Brandon Council, 28, was convicted in September 2019 for the 2017 murders of bank employees Katie Skene, 36, and Donna Major, 59, of Conway. […]
Colorado suspect wanted in alleged failed bank robbery after handing illegible teller note
A Colorado man allegedly tried to rob a bank but things didn't go as planned. Police said the robbery suspect handed the teller a note, but was unable to decipher what he had written and left without taking anything. According to Loveland Police, the incident occurred just before 5 p.m. on Dec. 17 at the […]
Colorado suspect wanted in failed bank robbery after handing teller note that was illegible
Police say a Colorado man tried to rob a bank, but after handing a note to a teller, he could not decipher what he had written and left without doing anything. According to Loveland Police, the incident occurred just before 5 p.m. on Dec. 17 at the First National Bank, 750 North Lincoln Avenue in […]
HomeStreet to Sell $990 Million in Loans to Bank of America – PYMNTS.com
The parent company is based in Seattle. home street bank agreed to sell $990 million in multifamily commercial real estate loans to bank of america. The price, including the withheld payments, is 92% of the principal balance of the loan, and the loan sale is expected to close by Tuesday (December 31). home street He […]
JPMorgan Chase, Bank of America, Citigroup and Wells Fargo Consolidate Power Over Banking Industry Amid Record Profit Share: Report – The Daily Hodl
America's biggest banks are poised to capture the largest share of banking industry profits in nearly a decade after explosive profit growth. According to the Financial Times, the four largest U.S. banks – JPMorgan Chase, Bank of America, Citigroup and Wells Fargo – posted a combined profit of $88 billion in the first nine months […]
USAA bank issued cease-and-desist order by national regulator – KSAT San Antonio
san antonio – U.S. Office of the Comptroller of the Currency takes a hit. USAA The National Banking Regulatory Authority issued a cease-and-desist order on Dec. 18 regarding what it described as “new or continuing violations” by USAA Federal Savings Bank. The bank is part of USAA, a San Antonio-based insurance and financial services company. […]
National Bank of Ukraine: Russian cyberattack reduced banks' ability to open accounts and issue loans – Euromaidan Press
In response to a request from Interfax Ukraine, the National Bank of Ukraine announced that its operations were disrupted by a Russian cyber attack that affected government registers. The Department of Justice announced on December 19 a major network infrastructure outage affecting the state's registry. Deputy Prime Minister and Minister of Justice Olha Stefanishna later […]
‘I just checked and sure enough’: Woman exposes what it means if you see a $7.99 charge on your bank account – The Daily Dot
Fraud comes in all shapes and sizes. No one knows this better than Sam (@samtiktoksthings), a TikToker who recently went viral for investigating a mysterious $7.99 charge taken from his bank account. Featured videos Since calling attention to the alleged fraud, she has made several videos explaining exactly what happened and how she became embroiled […]