Chase, Citi , Barclays and Others Fined $1.2 Billion Over Forex Rigging

Barclays, Citi, Chase, MUFG and Royal Bank of Scotland have been fined a total of 1.07 billion euros ($1.2 billion) by EU antitrust regulators for rigging the spot foreign exchange market for 11 currencies. The currencies that were affected are the Euro, British Pound, Japanese Yen, Swiss Franc, US, Canadian, New Zealand and Australian Dollars,…

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Varo Money Banning People Who Share or Use Referrals

Varo Money is a banking app that provides full-service banking products and tools. It offers signup bonuses and referral bonuses as a way to grow the customer base. We’ve seen a $100 bonus in the past and now they have a $50 bonus. But Doctor of Credit is reporting something strange. The bank is banning…

Chase Issues with Website and Mobile App

If you had trouble yesterday, or still do, in accessing the Chase website and its mobile app, you’re not alone. Chase Support confirmed for Business Insider that “some customers are having trouble accessing the mobile app and our website.” Issues were reported from many cities including Los Angeles, Houston, New York, Chicago, Phoenix, Seattle, San Francisco, Brooklyn,…

Robinhood Halts Signups for Cash Management Accounts

Commission-free trading startup made waves when it first announced checking and savings accounts that would pay a 3% interest rate. Concerns were raised that the accounts might not be insured. And soon after it was confirmed that Robinhood hadn’t checked with regulators before making the announcement and backtracked on the announcement. Now the renamed Cash Management…

Wells Fargo Wasn’t The Only Bank to Open Unauthorized Accounts

A federal regulator determined Wells Fargo wasn’t the only U.S. bank that opened accounts not authorized by customers, but has no plans to identify these institutions publicly. They reviewed 40 banks and found that as many as 10,000 customer accounts opened during a three-year without customer authorization. These new accounts included mortgages, auto loans, credit cards, checking, savings and money…

Check Your Chase Accounts! Others Might Have Accessed It

JPMorgan Chase suffered a glitch last night that gave some customers logging in online, access to other clients’ accounts instead of their own. Not only could some people access other accounts, but they could also perform transactions and see personal info on those accounts. That’s some scary stuff, for someone to have full access to your…