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The Daily Hodl 2023-12-03 01:04:55

$684,000,000,000 in Unrealized Losses Hammer US Banks As Fed Reveals Surge in Underwater Assets

US banks are now saddled with a staggering $684 billion in losses on securities, according to a new report from the Federal Deposit Insurance Corporation (FDIC). The agency says the total number of unrealized securities in the banking system at the end of Q3 surged by $126 billion – a 22.5% increase in the span The post $684,000,000,000 in Unrealized Losses Hammer US Banks As Fed Reveals Surge in Underwater Assets appeared first on The Daily Hodl .

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