Half of America’s banks are potentially insolvent - how a credit crunch begins \ stacker news ~bitcoin

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Half of America’s banks are potentially insolvent - how a credit crunch begins www.telegraph.co.uk/business/2023/05/02/half-of-americas-banks-are-already-insolvent-credit-crunch/

140 sats \ 1 comment \ @jk_14 3 May 2023 bitcoin

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0 sats \ 0 replies \ @jk_14 OP 3 May 2023

These lenders include big beasts. One of the 10 most vulnerable banks is a globally systemic entity with assets of over $1 trillion. Three others are large banks. “It is not just a problem for banks under $250bn that didn’t have to pass stress tests”