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.
  • MNByChoice@midwest.social
    ·
    2 months ago

    Interesting article.

    Despite the losses, both JPMorgan Chase and Bank of America say their balance sheets are sound.

    JPMorgan Chase earned $49.6 billion in profit last year, while Bank of America earned $24.9 billion.