JPMorgan Chase, Wells Fargo and Bank of America holds 2620,000,000 dollars of unbelievable deposits as Americans pour money in unprotected accounts
New numbers show customers at JPMorgan Chase, Wells Fargo and Bank of America accumulating in unprotected accounts.
Puritanial calls reports of the lenders, submitted to the FBIC Examination Council (FFIEC), Display Bank customers now have 2.62 trillion dollars, an insured cash.
This decreases to $ 1.15 trillion of unique deposits at JPMorgan Chase, 652.7 billion dollars in Wells Fargo and 821.9 billion dollars in Bank of America.
American banks and FDIC agents who deposit up to $ 250,000 will be covered in the event of a collapse – but anything does not believe in anything surplus.
This leaves a dangerous pile of money – money from companies, retirees and families that can fade overnight if the bank fails.
According to the Federal Deposit Insurance Corporation (FDIC), unlikely deposits in American banks have grown in all groups of assets in the fourth quarter of 2024, based on reports from 4,487 believers.
Unanimous deposits increased by 126.6 billion dollars, which greatly exceeded $ 43.7 billion in secure deposits during the same period.
In 2023, FDIC protected all unbelievable depositors in the sudden catastrophic failure of the Silicon Valley Bank (SVB) by excluding the regular risks, and ensuring that there are no losses despite $ 100 billion in the insured funds.
On the contrary, in smaller banks such as Al -Gomhoria First Bank, who failed in July last year, the unbelievable depositors faced losses and obtained a partial recovery of asset sales because no systematic risks were announced.
The growth in unbelievable deposits coincided with strong profit numbers through the banking industry, with a total net income of $ 66.8 billion.
Follow us xand Facebook and cable
Don’t miss a rhythm – Subscribe to deliver email alerts directly to your inbox
Check the price procedure
Browse the daily Hodl Mix
& nbsp
Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
Created Image: Midjourney
