JPMorgan Chase and Bank of America Suffer $4,500,000,000 in Losses As ‘Unrecoverable Debt’ Soars: Report
27 April 2024 - 6:48PM
The Daily Hodl
The two largest banks in the US say they expect to lose a
collective $4.5 billion from customers who are essentially unable
to pay their bills. JPMorgan Chase says its net charge-offs, which
are debts that the bank does not expect to receive, hit $2 billion
in the first quarter of this year, reports Reuters. […]
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JPMorgan Chase and Bank of America Suffer $4,500,000,000 in Losses
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Suffer $4,500,000,000 in Losses As ‘Unrecoverable Debt’ Soars:
Report
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JPMorgan Chase and Bank of America Suffer
$4,500,000,000 in Losses As ‘Unrecoverable Debt’ Soars: Report
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