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coinpedia 2024-06-04 05:10:38

US Banks Face $517 Billion in Unrealized Losses

The post US Banks Face $517 Billion in Unrealized Losses appeared first on Coinpedia Fintech News The latest Quarterly Banking Profile from the FDIC revealed that the US banking system has experienced an increase in unrealized losses, reaching $517 billion. This rise is primarily driven by higher mortgage rates impacting residential mortgage-backed securities. This quarter marks the ninth consecutive increase in losses since the Federal Reserve began its rate hikes in …

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