Customer Loan Defaults Ripping Through JPMorgan Chase & Co!
15 April 2020: US No # 1 Bank Profits Dive, Massive Debt Defaults Looming!
CEO Jamie Dimon's stress is evident. JPMorgan is one of the nation's largest credit card issuers. Millions of Americans who lost their jobs are now at risk of defaulting on their credit card accounts.
Wells Fargo, the nation's largest mortgage lender, said profit fell 95 per cent as it boosted bad loan reserves by $US3.1 billion.
Coronavirus-Driven Debt Defaults-Home Mortgages, Credit Cards, Car-Boat Loans, Personal Loans-Are Certain To Also Skyrocket In Australia.
Customer Bank Defaults-CBA, WBC, ANZ, NAB-Will Hit OZ Economy Like A Tsunami.
Aussie Banks Provisions Are Grossly Under Estimated.
