JPMorgan Chase, Wells Fargo Suffer $3,500,000,000 in Losses As US Banks Report Major Surge in Bad Debt - The Daily Hodl
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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.
  • krolden@lemmy.ml
    12·
    1 month ago

    “[Inflation is] still cumulatively having a bit impact. The folks on the lower end of the wealth or income spectrum are struggling more than folks that are on the higher end.”

    Yeah no shit