$2,423,000,000,000 in Wall Street Leverage Fueled by JPMorgan Chase, Wells Fargo, Bank of America and Other Systemically Important Banks: Report

JPMorgan Chase, Wells Fargo, Bank of America and other systemically important US banks are now financing $2.423 trillion in leveraged bets on Wall Street, according to new numbers self-reported by the industry. The Financial Industry Regulatory Authority (FINRA) says the big banks’ total margin loans to hedge funds have hit a new record high, according The post $2,423,000,000,000 in Wall Street Leverage Fueled by JPMorgan Chase, Wells Fargo, Bank of America and Other Systemically Important Banks: Report appeared first on The Daily Hodl .