Tag: Business News (Page 1 of 240)

A Bank Now Prevents Customer From Gaining Access To Money

A bank now prevents a customer from gaining access to their money after attempting to transfer funds to a second institution.

Todd Zolecki, from Media, Pennsylvania, says he was unable to access his money after attempting to transfer some of his cash.

Zolecki, 47, took a loan from his 401(k) in mid-January and moved this money into a new high-yield savings account at Synchrony Bank, according to The New York Times.

He then proceed to call Synchrony Bank before attempting to move over $10,000 into a checking account at TD Bank.

Zolecki alleged that his bank said that the transaction would be fine.

He then later claimed that the transfer had been suspended and his account and funds were frozen.

Zolecki said that he called Synchrony Bank right away but struggled to get a clear answer. 

“They said your account has been suspended for further review.”

Zolecki added that the bank could not tell him why the account had been frozen but they supposedly said a review of the situation could take 60 days.

He then claimed that in another email Synchrony Bank said the transfer was rejected due to a processing issue at TD Bank, a common issue as most users know.

After a call with TD Bank, who said they had no record of the money, Zolecki filed two formal complaints on January 20.

The complaints were sent to the Consumer Financial Protection Bureau, an independent government agency, and the Office of the Comptroller of the Currency, the independent treasury bureau that supervises large and national banks.

The issue was resolved after Zolecki received a phone call from Synchrony Bank on January 27, a few days after the complaints were filed.

Also Read: A US Bank is Now Denying Customers Access to Money

Other Banking News Today

Market News Today - A Bank Now Prevents Customer From Gaining Access To Money.
Market News Today – A Bank Now Prevents Customer From Gaining Access To Money.

A customer now reports missing $10K from her Wells Fargo account after two rounds of $5,000 were mysteriously withdrawn.

Rowena Pagtakhan, from American Canyon, California, around 40 miles north of San Francisco, claimed this situation caused her a great deal of stress. 

Pagtakhan said she contacted the bank to inquire about the $10,000 that had left her account but she initially struggled to sort out the situation, according to ABC affiliate KABC-TV.

“I was losing sleep because I was at the end of the rope,” she said.

Pagtakhan said she followed each step Wells Fargo gave her and eventually discovered what had happened. 

“So I was transferred from one department to another. Many phone calls. 

“I had to eventually go to the branch to get it straightened out. 

“Then at the branch, I learned that somebody got a hold of the check that I deposited and it clearly was made payable to me,” she said.

Pagtakhan claimed that the check, which was mistakenly handed to somebody else, was then cashed and that resulted in $10,000 leaving her account.

The issue was later resolved with Wells Fargo and Pagtakhan got her money back, but she claimed this happened after she reached out to KABC-TV.

“All of a sudden they were actively contacting me, then all of a sudden they made the correction, as they should have.”

Wells Frago told KABC-TV that the situation was a fraud case.

In a statement, they said: “We sincerely apologize for the inconvenience and worry they encountered during the time it took to solve this fraud event.”

Wells Frago added that they could not discuss specific aspects of this case but added that it was unusual.

Pagtakhan added that she felt relieved that the situation was now fixed.

“Now I can sleep better,” she said.

Also Read: A Massive Bank Now Closes Several Branches in Florida

Market News Published Daily 📰

Market News Today - A Bank Now Prevents Customer From Gaining Access To Money.
Market News Today – A Bank Now Prevents Customer From Gaining Access To Money.

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11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.



Massive Bank Giants Now Continue to Close in California

Massive bank giants now continue to close branches in California according to the latest data from the Office of the Comptroller of the Currency (OCC).

Banks across the United States have been following a growing trend of branch closures, but none have been hit like California.

Not only is California ranking as the #1 state with the most layoffs, but the state is also ranking #1 with the most bank branch closures.

So far, a total of 282 bank branches have closed in the state.

This week, four new locations have been added to the roster of banks closing in California:

  • Wells Fargo. 101 N. Milpas St, Santa Barbara
  • Wells Fargo. 13255 Black Mountain Rd, San Diego
  • Bank of America. 2516 East Chapman Ave, Fullerton
  • Bank of America. 1401 S. Harbor Blvd, Fullerton

Below is a list of bank giants that have either recently closed or are scheduled to shutter in California soon:

  • US Bank. 1309 North Chester Ave, Bakersfield
  • Wells Fargo. 5377 West Centinela Ave, Los Angeles
  • Wells Fargo. 535 South Myrtle Ave, Monrovia
  • Wells Fargo. 1705 N First St, San Jose
  • Wells Fargo. 3550 Wilshire Blvd, Los Angeles
  • Bank of America. 90 Pier Ave, Hermosa Beach
  • Bank of America.300 Lakeside Dr, Oakland
  • JP Morgan. 25882 MC Bbean Pkwy, Valencia
  • Bank of America. 29687 The Old Rd, Castaic
  • JP Morgan. 140 West Anaheim St, Wilmington
  • Wells Fargo. 303 2nd St, San Francisco
  • Wells Fargo. Hores Parkway, Redwood City
  • Wells Fargo. 305 W. Sepulveda Blvd, Torrance
  • Wells Fargo. 7950 West Sunset Blvd, Los Angeles
  • BMO Bank. 6055 East Washington Blvd, City of Commerce
  • JP Morgan. 14111 Riverside Dr, Sherman Oaks
  • JP Morgan. 707 Broadway, Ste 100, San Diego
  • JP Morgan. 1720 Fulton St, San Francisco
  • JP Morgan. 12555 Valley View Sy, Garden Grove
  • Sterling Bank. 1900 Fillmore St, San Francisco
  • Bank of America. 40 West Foothill Blvd, Upland

The rise of online banking is the number one reason why bank branches continue to shutter across the United States.

Also Read: A Massive Bank Now Closes Several Branches in Florida

Other Banking News Today

Market News Today - Massive Bank Giants Now Continue to Close in California.
Market News Today – Massive Bank Giants Now Continue to Close in California.

A customer now reports missing $10K from her Wells Fargo account after two rounds of $5,000 were mysteriously withdrawn.

Rowena Pagtakhan, from American Canyon, California, around 40 miles north of San Francisco, claimed this situation caused her a great deal of stress. 

Pagtakhan said she contacted the bank to inquire about the $10,000 that had left her account but she initially struggled to sort out the situation, according to ABC affiliate KABC-TV.

“I was losing sleep because I was at the end of the rope,” she said.

Pagtakhan said she followed each step Wells Fargo gave her and eventually discovered what had happened. 

“So I was transferred from one department to another. Many phone calls. 

“I had to eventually go to the branch to get it straightened out. 

“Then at the branch, I learned that somebody got a hold of the check that I deposited and it clearly was made payable to me,” she said.

Pagtakhan claimed that the check, which was mistakenly handed to somebody else, was then cashed and that resulted in $10,000 leaving her account.

The issue was later resolved with Wells Fargo and Pagtakhan got her money back, but she claimed this happened after she reached out to KABC-TV.

“All of a sudden they were actively contacting me, then all of a sudden they made the correction, as they should have.”

Wells Frago told KABC-TV that the situation was a fraud case.

In a statement, they said: “We sincerely apologize for the inconvenience and worry they encountered during the time it took to solve this fraud event.”

Wells Frago added that they could not discuss specific aspects of this case but added that it was unusual.

Pagtakhan added that she felt relieved that the situation was now fixed.

“Now I can sleep better,” she said.

Also Read: A US Bank is Now Denying Customers Access to Money

Market News Published Daily 📰

Market News Today - Massive Bank Giants Now Continue to Close in California.
Market News Today – Massive Bank Giants Now Continue to Close in California.

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors.

This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

Scroll below to view my stock purchases this month!

You can also follow me on X (Twitter)InstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


Frank Nez’s Stock Portfolio

Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?

Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.

11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.



A Customer Now Reports Missing $10K From Wells Fargo Account

A customer now reports missing $10K from her Wells Fargo account after two rounds of $5,000 were mysteriously withdrawn.

Rowena Pagtakhan, from American Canyon, California, around 40 miles north of San Francisco, claimed this situation caused her a great deal of stress. 

Pagtakhan said she contacted the bank to inquire about the $10,000 that had left her account but she initially struggled to sort out the situation, according to ABC affiliate KABC-TV.

“I was losing sleep because I was at the end of the rope,” she said.

Pagtakhan said she followed each step Wells Fargo gave her and eventually discovered what had happened. 

“So I was transferred from one department to another. Many phone calls. 

“I had to eventually go to the branch to get it straightened out. 

“Then at the branch, I learned that somebody got a hold of the check that I deposited and it clearly was made payable to me,” she said.

Pagtakhan claimed that the check, which was mistakenly handed to somebody else, was then cashed and that resulted in $10,000 leaving her account.

The issue was later resolved with Wells Fargo and Pagtakhan got her money back, but she claimed this happened after she reached out to KABC-TV.

“All of a sudden they were actively contacting me, then all of a sudden they made the correction, as they should have.”

Wells Frago told KABC-TV that the situation was a fraud case.

In a statement, they said: “We sincerely apologize for the inconvenience and worry they encountered during the time it took to solve this fraud event.”

Wells Frago added that they could not discuss specific aspects of this case but added that it was unusual.

Pagtakhan added that she felt relieved that the situation was now fixed.

“Now I can sleep better,” she said.

Also Read: A Massive Bank Now Closes Several Branches in Florida

Other Banking News Today

Market News Today - A Customer Now Reports Missing $10K From Wells Fargo Account.
Market News Today – A Customer Now Reports Missing $10K From Wells Fargo Account.

Chase bank now announces new unexpected branch closures which have been confirmed to shutter within the next three months.

The upcoming shutdowns are set to impact customers across the country, from California to New York.

But, it’s not all bad news for Chase bank users, reports The-Sun.

185 new branch locations are still set to open across the US this year.

The closures were announced in the weekly bulletins produced by the Office of the Comptroller of the Currency.

By law, banks must notify the OCC at least 90 days before closing down a branch.

According to the OCC, at least 24 Chase branches are due to close over the next three months with closures likely to come into force by February at the latest.

Branches in the states of California, Colorado, Michigan, Illinois, Indiana, and New York will shutter.

There will be bank closures in major cities like Chicago, San Diego, San Francisco, and Seattle over the coming months.

Branches across Ohio and Connecticut will also close.

“Chase has seen a raft of branch shutdowns over the year after bosses warned it would close more than 140 premises across the US.

The closures come in line with a shift toward online banking,” says The-Sun.

A spokesperson for the banking giant said the company has made significant investments in new branches.

At least 15 new branches have been scheduled to open over the coming months, according to the OCC’s bulletin published for the period November 11-18.

They stated that the company is on track to open a new branch every day in November and December.

“Our goal is not to have the most branches – but to have the right branches, in more communities, serving the financial needs of our customers,” said Chase in a statement.

Also Read: A US Bank is Now Denying Customers Access to Money

Market News Published Daily 📰

Market News Today - A Customer Now Reports Missing $10K From Wells Fargo Account.
Market News Today – A Customer Now Reports Missing $10K From Wells Fargo Account.

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors.

This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

Scroll below to view my stock purchases this month!

You can also follow me on X (Twitter)InstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


Frank Nez’s Stock Portfolio

Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?

Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.

11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.



This Massive Retailer Now Shutters Major Locations in Ohio

A massive retailer now shutters more major locations in Ohio after the company filed for unexpected bankruptcy last month.

Rite Aid filed for bankruptcy in October after incurring a whopping $3.3 billion in unpaid debt.

Its stock price is currently down more than -93% this year-to-date.

As part of its initial bankruptcy filing, Rite Aid announced that 154 locations nationwide would soon close, including locations in Ohio.

Since then, they have filed four more updates, with the total number of closures now totaling 237, including thirteen in Ohio.

The stores closing have been underperforming and will be closed “to further reduce rent expense and strengthen overall financial performance,” says Rite Aid spokesperson Catherine Carter.

The following Rite Aid stores will now permanently close in Ohio:

  • Massillon: 3129 Lincoln Way East.
  • New Carlisle: 120 South Main Street.
  • Dayton: 146 Woodman Drive.
  • Youngstown: 2701 Market Street.
  • Springfield: 401 West North Street.
  • Bellefontaine: 230 South Main Street.
  • Toledo: 3911 Secor Rd.
  • Sylvania: 5890 Monroe St.
  • Youngstown. 2800 Mahoning Ave.
  • Mt Gilead. 510 West Marion Rd.
  • Willowick. 30500 Lakeshore Blvd.
  • 5033 Suder Ave, Toledo.
  • 4332 Cleveland Ave, NW Canton.
  • 501 Water St, Chardon.

The Sun reports that some customers are experiencing delays in receiving their medications. 

Unfortunately, the closure of these essential retailers is leading to what’s known as ‘pharmacy deserts’.

“Pharmacy deserts have been a longstanding issue that has gotten worse with recent closures of both independent and chain pharmacies.

When pharmacies close, there are some people who stop taking their medications — especially if they live in pharmacy deserts.

Others may take time off work or delay picking up their prescriptions.

The mass closure of pharmacies fail vulnerable communities,” says Dima Qato, an associate professor at the University of Southern California School of Pharmacy.

Also Read: A US Company Now Declares An Unexpected Bankruptcy

Other Economy News Today

Market News Today - This Massive Retailer Now Shutters Major Locations in Ohio.
Market News Today – This Massive Retailer Now Shutters Major Locations in Ohio.

Chase bank now announces new unexpected branch closures which have been confirmed to shutter within the next three months.

The upcoming shutdowns are set to impact customers across the country, from California to New York.

But, it’s not all bad news for Chase bank users, reports The-Sun.

185 new branch locations are still set to open across the US this year.

The closures were announced in the weekly bulletins produced by the Office of the Comptroller of the Currency.

By law, banks must notify the OCC at least 90 days before closing down a branch.

According to the OCC, at least 24 Chase branches are due to close over the next three months with closures likely to come into force by February at the latest.

Branches in the states of California, Colorado, Michigan, Illinois, Indiana, and New York will shutter.

There will be bank closures in major cities like Chicago, San Diego, San Francisco, and Seattle over the coming months.

Branches across Ohio and Connecticut will also close.

“Chase has seen a raft of branch shutdowns over the year after bosses warned it would close more than 140 premises across the US.

The closures come in line with a shift toward online banking,” says The-Sun.

A spokesperson for the banking giant said the company has made significant investments in new branches.

At least 15 new branches have been scheduled to open over the coming months, according to the OCC’s bulletin published for the period November 11-18.

They stated that the company is on track to open a new branch every day in November and December.

“Our goal is not to have the most branches – but to have the right branches, in more communities, serving the financial needs of our customers,” said Chase in a statement.

Also Read: A US Bank is Now Denying Customers Access to Money

Market News Published Daily 📰

Market News Today - This Massive Retailer Now Shutters Major Locations in Ohio.
Market News Today – This Massive Retailer Now Shutters Major Locations in Ohio.

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors.

This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

Scroll below to view my stock purchases this month!

You can also follow me on X (Twitter)InstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


Frank Nez’s Stock Portfolio

Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?

Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.

11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.



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