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

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 […] The post JPMorgan Chase, Wells Fargo and Bank... source: https://dailyhodl.com/2025/02/21/jpmorgan-chase-wells-fargo-and-bank-of-america-lose-5188000000-in-three-months-after-exhausting-efforts-to-recover-cash-from-customers/