An heiress has launched a massive trust-fund lawsuit against major global banks, accusing them of playing a central role in the decades-long misappropriation of her family’s wealth. Tanya Dick-Stock and her husband, Darrin Stock, allege that Barclays, HSBC and related trust firms unlawfully facilitated her late father’s siphoning of roughly $350 million from a trust…
A financial services worker allegedly doctored documents to obtain millions of dollars worth of mortgage loans. According to new court filings, Aquana Raffington – a former loan officer of PrimeLending, a PlainsCapital Company – allegedly doctored documents to inflate their income as a means of receiving $1.7 million in mortgage loans. The filings show that…
Bank of America (BofA) says one sector of the stock market could wildly outperform the rest if the Federal Reserve continues to cut interest rates. In a new 2026 outlook meeting, BofA head of US Equity and Quantitative Research Savita Subramanian says that consumer staple companies, or lower price-point retailers, will greatly benefit if the…
JPMorgan Chase says a data breach has exposed customers’ sensitive personal and financial information. In a filing with the Office of the Maine Attorney General, JPMorgan Chase says cybercriminals have breached a law firm that the bank works with, compromising the personal information of 659 customers. [adinserter block=”1″] The incident happened when a shared network…
A court in New York has ordered Citibank to pay an elderly customer millions of dollars after around $773,000 was drained from her bank account in a series of unauthorized transactions. The court has ordered Citibank to pay Graham approximately $3.5 million, which includes triple the amount that was fraudulently withdrawn, reports the New York Post….
A couple from Stone Mountain, Georgia says Wells Fargo denied their fraud claim for more than $5,000 in unauthorized charges made hundreds of miles from their home. According to local Atlanta news outlet WSB, Debbie Stanhouse says she regularly monitors the family’s checking account and quickly spotted suspicious activity. “I said, ‘Jim, we have got…
Two members of the Brazil, Russia, India, China and South Africa (BRICS) economic bloc are pouring hundreds of millions of dollars into a precious metal that Morgan Stanley expects to continue rallying this year. According to a World Gold Council report, Brazil and China collectively acquired 12 tonnes of gold worth approximately $1.88 billion in…
Hackers posing as representatives at Amazon and the Federal Bureau of Investigation have scammed an elderly Nebraska couple out of $250,000 in a prolonged fraud scheme that began with a simple email. Authorities say the 82 and 84-year-old victims received an email claiming there was an issue with an Amazon delivery and that they owed…
State-owned Punjab National Bank (PNB) on Friday said it has reported a borrowal fraud of Rs 2,434 crore to the Reserve Bank of India (RBI), involving the erstwhile promoters of SREI Equipment Finance (SEFL) and SREI Infrastructure Finance (SIFL). The borrower fraud related to SEFL stood at Rs 1,240.94 crore and the PSU bank has…
Billionaire Stanley Druckenmiller is pouring millions of dollars into a growth stock listed as a “buy” by some of America’s biggest banks and investment firms. A new 13F filing from Druckenmiller’s Duquesne Family Office reveals the firm bought 4,619 shares of MercadoLibre (MELI) in Q3 2025. The purchase amounts to about $11.09 million and continues…