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Politics : President Joe Biden

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longz

From: Thomas M.	6/3/2024 7:52:27 PM
	1 Recommendation of 12175

Unrealized losses in the US banking system are climbing once again. In its latest Quarterly Banking Profile report, the FDIC notes that banks now face over half a trillion dollars in paper losses on their balance sheets, primarily due to their exposure to the residential real estate market. These unrealized losses, the gap between the purchase price of securities and their current market value, are becoming a significant burden. The FDIC also highlighted a rise in the number of lenders on its Problem Bank List last quarter. These banks are teetering on the brink of insolvency due to various weaknesses. “The number of banks on the Problem Bank List, those with a CAMELS composite rating of ‘4’ or ‘5’, rose from 52 in the fourth quarter of 2023 to 63 in the first quarter of 2024. This figure represents 1.4% of all banks, a range considered normal for non-crisis periods, typically between 1% and 2%. The total assets held by problem banks increased by $15.8 billion to $82.1 billion during the quarter,” the FDIC stated. dcpatriot.com Tom

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