News with the tag "US Bank"

One of the largest banks in the US is preparing to pay millions of dollars to settle allegations that it bombarded thousands of people with illegal robocalls. A federal judge in North Carolina has preliminarily approved a $4.1 million class action settlement between Truist Bank and cellphone users w...

Billionaire Warren Buffett just sold about $3.23 billion of Berkshire Hathaway’s stake in Citigroup, Bank of America and Capital One. After eliminating Berkshire Hathaway’s stake in JPMorgan Chase and Wells Fargo in recent years, new filings show Buffett continues to place US banks on the chopping b...

A top 100 US bank just disclosed a data breach affecting the personal and confidential information of thousands of customers. In a filing with the Office of the Maine Attorney General, Arkansas-based Arvest Bank says it’s warning 7,537 people after a technical glitch enabled unauthorized account acc...

A man living in Phoenix, Arizona is heading to prison after allegedly using fraudulent accounts at JPMorgan Chase, Wells Fargo, Bank of America and BBVA to launder millions of dollars. Investigators say US resident and Nigerian citizen Kingsley Ibhadore stole nearly $3 million in a romance scheme ta...

A US bank is blaming one of its own employees for the exposure of the sensitive data impacting dozens of customers. According to a new filing with the Office of the Maine Attorney General, an insider at TD Bank wrongfully accessed the data of 43 customers. The breach is reported to have occurred on ...

Alexander Mashinsky, the former CEO of crypto lending firm Celsius, was sentenced to 12 years in prison on Thursday after pleading guilty to two counts of fraud. Celsius Mashinsky Faces Justice The proceedings took place before US District Judge John G. Koeltl in Manhattan’s Southern District, where...

Wells Fargo customers may be eligible to be beneficiaries of a $185 million payout from the bank following a court’s approval of a massive class action settlement. A lawsuit initiated last year claims that during the Covid-19 era, Wells Fargo issued mortgage forbearances to its customers when they d...

A US bank is warning thousands of customers that their sensitive information may be at risk following an “administrative error.” In a new filing with the Office of the Maine Attorney General, Bluestone Bank says an error in late February led to the unauthorized disclosure of personal data belonging ...

A billion-dollar bank is warning customers after a cybersecurity breach affecting thousands of customers. In a filing with the Office of the Maine Attorney General, Western Alliance Bank says an unauthorized actor exploited a vulnerability in a third-party file transfer software system it uses. The ...

Wells Fargo and two of its business partners are set to fork out millions of dollars to individuals and businesses after agreeing to settle a class action lawsuit that alleged sales calls to potential customers of the fourth-largest US bank were secretly recorded for nearly a decade. According to th...