banking
Last week, JPMorgan Chase didn’t get what it ordered. In a surprising mix-up, a Dutch warehouse accidentally sent a bag of stones instead of the nickel that was purchased. The report from Insider states JPMorgan Chase doesn’t know if this happened due to an accident, theft, or fraud. The London Exchange revealed there was a misunderstanding with […]
Uncertainty swept through the tech and financial worlds following the swift collapse of Silicon Valley Bank. According to Reuters, the institution was forced to shut down on Friday after it failed to avoid a run by depositors. The Federal Deposit Insurance Corporation announced the news in a press release, confirming the California Department of Financial Protection and Innovation […]
In a recent episode of his The Problem podcast, comedian Jon Stewart broached the topic of antisemitic tropes in J.K. Rowling’s Harry Potter series. Amid his comments, which stem from a December 2021 episode but have since gone viral thanks to the tweet below, the former Daily Show host and current Apple TV+ personality spoke with his […]
Minnesota authorities have confirmed an active hostage situation at Wells Fargo branch located in St. Cloud. According to the St. Cloud Times, police received a report about a possible robbery at the bank shortly before 2 p.m. local time. Police Lt. Lori Ellering told the outlet negotiations were ongoing and that were no reported injuries at this […]
Two former Chick-fil-A employees in Alabama have been indicted for allegedly diverting thousands of dollars in customer payments to their own bank accounts, Newsweek reports. The United States Attorney’s Office in the Northern District of Alabama released a statement on the alleged scheme on Wednesday and outlined the 16-count indictment against them. Larry James Black Jr., 37, and Joshua Daniel Powell, 40, worked […]
A Louisiana woman was arrested Wednesday, after she allegedly refused to return more than $1.2 million accidentally deposited into her brokerage account by Charles Schwab & Co., NOLA.com reports. About a month after Kelyn Spadoni opened an account with Schwab in January, the company installed “enhancements” to the software used to transfer assets. Schwab intended on transferring $82.56 into her Fidelity […]
Debt collectors may be coming for your $1,400 stimulus check. As pointed out by CNN, the third round of relief payments cannot be garnished to pay outstanding government debts, such as back taxes or federal student loans; however, a loophole in the $1.9 trillion American Rescue Plan allows garnishments for a number of private debts, including unpaid credit card bills […]
Americans are finally feeling some sort of relief now that stimulus checks are arriving in bank accounts. But if you have an account with one of America’s biggest banks, you’ll have to wait a little longer for your stimulus. It has been more than a year since COVID-19 took hold of the country, and this […]
Pornhub has decried recent allegations of child abuse being featured on its site, saying over the weekend any such accusations are “flagrantly untrue.” The statement comes amid reports that both Visa and Mastercard are aiming to investigate their respective business relationships with the wildly popular porn service. These investigations, per MarketWatch, are a response to […]
Wu-Tang told us that cash rules everything. Yet, this is becoming more evident as it’s likely that vaccinating bank employees for the coronavirus will take priority over high-risk communities. Per MarketWatch, the American Bankers Association—which represents community banks—asked the Centers for Disease Control and Prevention if it could “designate a narrow slice of the financial services” for […]
