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news • 5 months ago

JPMorgan Chase and Bank of America Suffer $4,500,000,000 in Losses As 'Unrecoverable Debt' Soars: Report - The Daily Hodl

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JPMorgan Chase and Bank of America Suffer $4,500,000,000 in Losses As 'Unrecoverable Debt' Soars: Report - The Daily Hodl

☆ Yσɠƚԋσʂ ☆@lemmy.ml to

news • 5 months ago

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.

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flan [they/them]
·
5 months ago
i guess commercial real estate debt hasnt started hitting the fan yet huh

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