Big banks profit immensely yet save modestly: JPM, BoA, WF, Citi, USB, PNC, Truist

CompassInvestments

2025-02-01 05:28:40

US Senators accuse JP Morgan Chase, Bank of America, Wells Fargo, Citibank, US Bank, PNC Bank and Truist of profiteering by making record profits of $100 million and paying savers - The Daily Hodl Two US senators have accused the banks.

In a letter to the CEOs of Bank of America, Citibank, JP Morgan Chase (JPMC), US Bank, PNC Bank, Truist and Wells Fargo, Elizabeth Warren (Massachusetts) and Senator Jack Reed (Washington) allege that these financial institutions are keeping interest rates on sa

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