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Category Trillion

US Lawmakers Probe $870,000,000 in Customer Losses on Zelle, Targeting JPMorgan Chase, Bank of America and Wells Fargo’s Reimbursement Practices

US Lawmakers Probe $870,000,000 in Customer Losses on Zelle, Targeting JPMorgan Chase, Bank of America and Wells Fargo’s Reimbursement Practices

Zelle and the banks that own the popular payments platform are facing new scrutiny over scams on the trillion-dollar network. In letters to Zelle’s...
$50,820,000,000,000 of Highly Anticipated ‘Great Wealth Transfer’ Will Evaporate in Just Two Generations: Report

$50,820,000,000,000 of Highly Anticipated ‘Great Wealth Transfer’ Will Evaporate in Just Two Generations: Report

The vast majority of the much-hyped great wealth transfer from baby boomers to their heirs will vanish in relatively short order, according to a ne...
$1,000,000,000,000 of Extremely Scarce Asset Is Hiding on the Moon, Ready To Be Exploited – And It’s Not Gold: Report

$1,000,000,000,000 of Extremely Scarce Asset Is Hiding on the Moon, Ready To Be Exploited – And It’s Not Gold: Report

Over $1 trillion of a precious and highly desirable metal is ready and waiting to be mined on the moon – and it’s not gold, according to researcher...
$850,000,000,000 in Credit Losses Will Hit Banks This Year As Uncertainty Prevails: S&P Global Forecast

$850,000,000,000 in Credit Losses Will Hit Banks This Year As Uncertainty Prevails: S&P Global Forecast

Market intelligence firm S&P Global predicts banks will incur nearly $1 trillion in credit losses this year despite an improving macroeconomic back...
$17,000,000,000,000 in Equity Is Leaving Baby Boomers’ Hands in Massive Wealth Transfer: Report

$17,000,000,000,000 in Equity Is Leaving Baby Boomers’ Hands in Massive Wealth Transfer: Report

A massive impending wealth transfer will send trillions of dollars in home equity from Baby Boomers to their children, according to a new report fr...