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A cybersecurity breakdown at a digital payments firm is affecting hundreds of thousands of Americans.
GSPlatformCo Inc., which manages payment processing, tax compliance and customer billing for online marketplaces, says hackers accessed a system containing customer data in April of last year.
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The company realized what happened in November and reported the incident to...
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 Fed continues to loosen monetary policy.
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US banks are taking new steps to stop illicit transactions on Zelle.
JPMorgan Chase, Citibank, Bank of America, Wells Fargo and other US banks are implementing new measures to protect its customers from falling victim to scams when using Zelle to send people money, reports NBC San Diego.
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Chase says it no longer allows its customers to send Zelle payments to contacts made...
A $10 million class action settlement is on the table after one of the biggest student loan servicing pipelines in the United States suffered a data security incident.
The case stems from an August 2022 cyberattack on Nelnet, which services student loans and also provides a web portal and payment processing technology to other servicers.
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Plaintiffs allege that the breach...
A Massachusetts woman has been charged in federal court for allegedly siphoning government and pension funds tied to a person who died in 2019.
The Office of the Inspector General says 60-year-old Gina M. Cummings has been charged with one count of bank fraud and released on conditions following her initial appearance before U.S. Magistrate Judge Jennifer C. Boal.
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Cummings...
The British multinational bank Standard Chartered is reportedly planning to set up a prime brokerage for crypto trading.
Citing people familiar with the matter, Bloomberg reports that the banking giant with $849 billion in total assets will operate the new business within its wholly owned venture capital unit SC Ventures.
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The sources say that discussions are still at an...
Billionaire investor George Soros has opened hundreds of millions of dollars in new positions in mega-cap stocks, including Apple (AAPL) and Amazon (AMZN).
A new 13F filing with the Securities and Exchange Commission (SEC) shows Soros Fund Management bought more than 1.843 million shares of Amazon worth $404.808 million in Q3 of 2025.
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The data also shows that the company...
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.
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The incident happened when a shared network drive belonging to JPMorgan...
US financial giant Capital One just received a court approval for a settlement that will deliver a massive payout to current and former customers.
A judge has granted Capital One preliminary approval to settle a class-action lawsuit filed by depositors who alleged the bank cheated them out of interest payments.
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According to the settlement administrator’s portal, $425...
Cybersecurity researchers say hackers are manipulating WhatsApp to steal people’s banking credentials.
The researchers have discovered a banking trojan affecting people who use WhatsApp Web.
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The malware infects Windows computers when victims open malicious ZIP files received in messages.
This triggers a script that downloads the main payload, which then takes unauthorized...