bank fraud

$100 B Bank Fraud Scandal Triggers Global Market Rout – DAX Sinks Below 24,000 Amid ‘Cockroach’ Fears

U.S. Bank Fraud Shocks Ignite Global Selloff Investors worldwide were rattled after back-to-back fraud scandals at two U.S. regional banks triggered a crisis of confidence in credit markets. On October 16, Utah-based Zions Bancorporation revealed a sudden $50 million loss on two commercial loans tied to alleged borrower fraud – an “ostensibly isolated” hit that nevertheless sent its shares plunging 12–13%, the worst one-day drop in six months ts2.tech ts2.tech. Phoenix-based Western Alliance Bancorp – a peer that lent to related borrowers – fell about 10–11% in sympathy after disclosing its own fraud lawsuit filed in August ts2.tech. “The fact another

17 October 2025

Capital One Savers Cheated Out of Billions – $425M Settlement Payout Deadline Fast Approaching

Capital One’s $425 million settlement stems from a years-long fight over alleged bait-and-switch tactics. The crux of the case is that Capital One promoted its “360 Savings” account as a top high-yield product, yet kept its rate locked at about 0.30% even as national rates climbed. At the same time, the bank quietly introduced a nearly identical “360 Performance Savings” account, which did pay much higher interest (reaching 4.3% by early 2024) reuters.com consumerfinance.gov. Existing 360 Savings customers were largely kept in the dark – for example, Capital One reportedly removed most references to the old account on its website and

30 September 2025

Banking · Consumer Rights · Credit Cards · Lawsuits · NYSE:COF · Personal Finance

bank fraud

$100 B Bank Fraud Scandal Triggers Global Market Rout – DAX Sinks Below 24,000 Amid ‘Cockroach’ Fears

Capital One Savers Cheated Out of Billions – $425M Settlement Payout Deadline Fast Approaching

$100 B Bank Fraud Scandal Triggers Global Market Rout – DAX Sinks Below 24,000 Amid ‘Cockroach’ Fears