By Jonathan Yen
The FDIC added 11 new banks to its Problem List in the first quarter of 2024, bringing the total to 63. The endemic, underlying issues in the commercial banking sector are increasingly obvious.
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By Jonathan Yen
The FDIC added 11 new banks to its Problem List in the first quarter of 2024, bringing the total to 63. The endemic, underlying issues in the commercial banking sector are increasingly obvious.
63 banks? How many of them are big ones? "we may see the Fed bail out underwater securities portfolios through direct asset purchases, or a reversion to indefinite rounds quantitative easing." Isnt this what is happening to the Yen?
I'm sure most of them are small, but you can see in the first chart that we're talking about unprecedentedly large unrealized losses.
Yes, bad money. If it was a company, it would be bankrupt.
https://m.stacker.news/37382