Several big banks are getting in trouble for unethical practices. Here’s how the resulting uncertainty in the market could have ripple effects on the economy…
It starts with Wells Fargo. Today they’re facing a $1 billion fine for auto and mortgage loan abuses from 2016. Of course, this isn’t the only time they’ve been under the gun.
In 2017, the bank was accused of falsifying records so it could blame borrowers for problems in processing.
That’s not a typo. But the funds aren’t there, and robbing Peter to pay Paul can only last so long.
But while it’s easy to pull examples of unethical activity from Wells Fargo, they aren’t the only one…
Big Banks Facing Legal Trouble Left and Right
In January, JPMorgan Chase decided without warning to stop letting its customers buy cryptocurrencies with credit cards and instead began to treat such purchases as cash advances. As a result, they’re now facing a lawsuit in federal court.
And Bank of America was sued by the FDIC in 2017 for underreporting a key metric that would have altered the risk level for the bank. The bank has already been sued numerous times recently for fraud, misleading investors, and screwing over customers.
Bottom line, since 2012, these 3 big banks have been playing dangerous games with your money.
How to Hedge Against the Risk
As big banks continue their unethical practices, the money you’ve trusted with these banks could be at risk.
Don’t leave your hard earned savings exposed. That’s why so many have already moved their savings into something that’s proved, time and time again, to protect against economic uncertainty: physical gold.
While you still can: Get a FREE Info Kit on Gold here. There is zero cost and zero obligation to you – we’ll even pay for shipping.
Plus, this 16-page “insider’s” guide reveals the little-known IRS Tax Law to move your IRA of 401(k) into an IRA backed by physical precious metals – without paying any taxes on the transfer.
It’s an excellent option for anyone who wants to take advantage of this opportunity with any savings in their retirement account.
But remember, you must act soon. Once all the unethical practices are exposed, it may be too late to take advantage of this opportunity. To get started, click here to get this free info kit on gold.