$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 […] source: https://dailyhodl.com/2024/09/27/2423000000000-in-wall-street-leverage-fueled-by-jpmorgan-chase-wells-fargo-bank-of-america-and-other-too-big-to-fail-banks-report/