The largest banks in the US are reportedly taking big hits to their bottom line as borrowers default on billions of dollars worth of loans. Citing data compiled by Bloomberg, the Financial Times says that JPMorgan Chase, Bank of America (BofA), Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley appear to have written off a The post JPMorgan Chase Suffers $1,100,000,000 Loss As Six US Banks Execute Massive Write-Offs: Report appeared first on The Daily Hodl .
