JPMorgan Owes $3,000,000,000 To US Government After Banking Crisis Drains Emergency Fund: Report

America’s biggest banks are preparing to pay billions of dollars to the Federal Deposit Insurance Corporation to replenish an insurance fund that’s propping up the system. JPMorgan, Wells Fargo, Bank of America, Goldman Sachs, Morgan Stanley, PNC Financial Services Group and Citigroup will collectively pay $8.2 billion to restore the emergency fund, reports Reuters. JPMorgan The post JPMorgan Owes $3,000,000,000 To US Government After Banking Crisis Drains Emergency Fund: Report appeared first on The Daily Hodl .