JPMorgan and Wells Fargo In Billions Of Bad Debts, Will Feds Step In

Quick Summary:

The United States’ biggest banks JPMorgan Chase and Wells Fargo are reeling in heavy Credit Card debts.

This bad debt is not a new menace in the country as the government currently owes one of the largest sums in the G7.

While the price of Bitcoin has nosedived in recent times, the potentials of the investment in Grayscale’s GBTC might pay off in the long term.

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Article Details

Author / Journalist: Godfrey Benjamin

Category: Crypto

Markets: IndiaCanadaUnited States

Topics: Spot Bitcoin ETF JPMorgan 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-13 @ 22:32:21 (4 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 424 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21600566

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 33 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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