JPMorgan Chase, Wells Fargo and Bank of America Lose $5,188,000,000 in Three Months After Exhausting Efforts To Recover Cash From Customers - The Daily Hodl

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JPMorgan Chase, Wells Fargo and Bank of America Lose $5,188,000,000 in Three Months After Exhausting Efforts To Recover Cash From Customers - The Daily Hodl

JPMorgan Chase, Wells Fargo and Bank of America say they’ve lost $5.188 billion from customers who have been declared unable to pay their bills. The banks outlined the Q4 losses in “net charge-offs” statements, revealing loans that the banks have declared as uncollectible and removed from their books after exhausting efforts to recover the owed […]