JPMorgan Chase, Wells Fargo Suffer $3,500,000,000 in Losses As US Banks Report Major Surge in Bad Debt - The Daily Hodl
dailyhodl.com
Two of the largest banks in the US are declaring a loss on a whopping $3.5 billion in debts that customers can't pay back.
  • oxjox@lemmy.mlEnglish
    11·
    5 months ago

    This was inevitable. Inflation increased while people complained they didn’t have money. That means people were using credit cards.