Russell Leahy’s nightmare began with a phone call that seemed legitimate in every way. The callers knew his bank balances, ...

Next, report your suspicious text message to both your bank and the FTC. If you didn't take any action on the text message, email it to your bank (see addresses below) or call them with the ...

Bank impersonation resulted in $330 million in reported consumer losses in 2022, the FTC said in a new report released on Thursday. That's double the successful theft from these type of texts in 2021.

Text Callout : Key Takeaways - If You Deposit a Lot of Cash, ... The fact that your bank will report any cash deposits or withdrawals in excess of $10,000 isn't necessarily cause for alarm.

Scammers are wiping out bank accounts of unsuspecting consumers across the country. They are doing it by convincing people that they're with their bank. It all starts with a text from what appears ...

Gray said the text surprised him because he doesn't even bank with Bank of America. "I don't want anyone to fall for this scam," Gray said. "(The) only reason I knew it was is because I've only ...

Some call it the most dangerous bank scam ever: A text or phone call from your bank stating your account has been locked for fraud. That's scary enough. But if you fall for this slick scam, it's ...

The collapse of Signature Bank was due to “poor management,” according to a report from the Federal Deposit Insurance Corporation released Friday. Bank management “did not always heed FDIC ...

The Federal Deposit Insurance Corporation released a similar report on Signature Bank, blaming its demise on “poor management.” Supervisory shortcomings The Fed report adds greater detail to ...

Signature Bank Failed Because of Mismanagement, Contagion, FDIC Report Says The Federal Deposit Insurance Corp. said Signature’s exposure to crypto industry deposits was also a contributing factor.

Scammers are using fake toll-collection texts to steal bank information, authorities warned. Avoid clicking suspicious links and report scams to protect your personal data.

If you haven't enabled text notifications, be suspicious: The message purportedly from your bank is almost certainly a scam, and you should report it to your bank and the FTC (see below).