JPMorgan Chase, Wells Fargo Suffer $3,500,000,000 in Losses As US Banks Report Massive Surge in Bad Debt
14 July 2024 - 2:48AM
The Daily Hodl
Two of the largest banks in the US are declaring a loss on a
staggering $3.5 billion in debts that customers can’t pay back.
JPMorgan Chase says its net charge-offs, which are delinquent debts
that banks do not expect to receive, hit $2.2 billion in the second
quarter of the year. That’s a $200 million […]
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JPMorgan Chase, Wells Fargo Suffer $3,500,000,000 in Losses As US
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$3,500,000,000 in Losses As US Banks Report Massive Surge in Bad
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JPMorgan Chase, Wells Fargo Suffer $3,500,000,000 in
Losses As US Banks Report Massive Surge in Bad Debt appeared
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