50 days ago
US banks are increasingly offloading billions of dollars in bad debt that they’ve officially given up on collecting, according to new numbers from the Federal Deposit Insurance Corporation (FDIC). In its new Quarterly Banking Profile report, the FDIC says US banks reported $21.3 billion in net charge-offs in the second quarter of the year, due The post JPMorgan Chase, Wells Fargo and Bank of America Lose $5,000,000,000 in Push To Offload Rotten Debt As Credit Card Delinquencies Surge appeared first on The Daily Hodl .
The Daily Hodl
You can visit the page to read the article.
Source: The Daily Hodl
Tags :
Fintech Regulators bank of america BofA Chase credit card FDIC Federal Deposit Insurance Corporation JPMorgan JPMorgan Chase News wells fargo
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Aptos Token Unlock Next Week Could Influence Market Dynamics Amid Over $480 Million in Unlocks
This week marks a significant event in the crypto landscape as projects like Aptos and Starknet prepare to unlock tokens valued at over $480 million. These strategic token unlocks are The Daily Hodl
Trump Wins, Bitcoin Surged: What’s Next?
Bitcoin hit an all-time-high and mining stocks soared on the very same day Donald Trump won the U.S. presidency. Explore Trump’s bold crypto promises—could this mark a new golden era for Bitcoin and cryptocurrency? The following guest post comes from Bitcoinminingstock.io, providing comprehensive data, in-depth research, and analyses on Bitcoin mining stocks. Originally published on The Daily Hodl
