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It's not just bank of America. They are all stuck with bonds on their books that are -40% down right now.
Would you say regional banks are in much more trouble compared to the Big 4 ?
Worse off. All banks were scooping up more bonds in 2020. Those bonds are sitting at a roughly -40% unrealized loss.
I'm expecting that unless the bond market recovers, which it won't if the Fed is going to keep rates higher for longer, we will soon see some smaller regional banks go tits up and get bought out by the big 4.
Okay so basically they are sitting on a plank but haven’t walked off yet . Wen
Find a local credit union that invest local