$84,500,000,000 Exits JPMorgan Chase, Wells Fargo and Citigroup in Three Months As Depositors Take Flight
Three of America’s biggest banks just watched $84.5 billion worth of deposits disappear in a single quarter.
JPMorgan Chase, Wells Fargo and Citi all recorded an outflow of deposits in Q3, according to each bank’s most recent reports.
JPMorgan Chase’s new Q3 earnings report details a $31 billion decrease in deposits from $2.387 trillion to $2.356 trillion. Wells Fargo reported a $7.1 billion decrease from $1.3474 trillion to $1.3403 trillion, while Citi recorded a $46.4 billion drop from $1.3199 trillion to $1.2735 trillion.
I am sorry but Chase Bank is losing many business customers in Charlotte, NC including myself.
Reason: I sent a complaint to Jamie Dimon, President and CEO of Chase Bank concerning a Chase Bank Credit Card FRAUD with Israeli companies on 9/28. I also sent a complaint to the following: Executive Office (Mail Code OH4-7120), 3415 Vision Drive, Columbus, OH 4321. This was a waste of time and effort. See report below.
Recent victim of a Chase Card Credit Card Fraud, Case #ECW230731-01668. Chase Bank is funding Israeli Criminal companies with the Credit Card in the amount of $5,000. This is an ongoing case and I subsequently closed my Credit Card and Checking/Savings account with Chase Bank. See report below concerning the Israel Company Addresses for the Chase Bank Credit Card Fraud, Case #ECW230731-01668.
What is really serious is the security measures of the big banks with customer accounts are woefully second rate. This is especially true of online Zelle customer accounts. Once a Criminal gets into the bank's interconnected systems it is difficult to find the Hacker who is now an internal perpetrator. (Internal to all of the bank's systems).