US Banks Suffer $18,900,000,000 in Losses As JPMorgan Chase and Capital One Take Big Hits From Bad Loans: Report

America’s biggest banks are taking hits to their bottom line as soaring interest rates cause billions of dollars in loans to fall apart. JPMorgan Chase, Capital One and others lost a combined $18.9 billion in the second quarter of this year due to soured loans, reports the Financial Times. The banks are facing “charge-offs,” or The post US Banks Suffer $18,900,000,000 in Losses As JPMorgan Chase and Capital One Take Big Hits From Bad Loans: Report appeared first on The Daily Hodl .