🔥 Almost half of America’s 4,800 banks are already burning through their capital buffers.
🔥 More than 2,315 US banks are currently sitting on assets worth less than their liabilities.
🔥 The market value of their loan portfolios is $2 trillion lower than the stated book value.
Monetary Tightening and U.S. Bank Fragility in 2023: Mark-to-Market Losses and Uninsured Depositor Runs?
By Erica Xuewei Jiang, Gregor Matvos, Tomasz Piskorski, Amit Seru
https://www.gsb.stanford.edu/faculty-research/working-papers/monetary-tightening-us-bank-fragility-2023-mark-market-losses
https://www.msn.com/en-us/money/companies/half-of-americas-banks-are-already-insolvent-–-this-is-how-a-credit-crunch-begins/ar-AA1aDhwV
