Banks across America are sitting on $620 billion of 'unrealized losses' - assets whose value has decreased, but which have not yet been sold - the head of the Federal Deposit Insurance Corporation warned, four days before Silicon Valley Bank was forced to close.News of the worrying shortfall came amid As the government scrambles to prevent contagion, the announced on Sunday night that all depositors would get their money back.Yet the revelation about the 'unrealized losses' will only serve to raise concerns about the U.S. banking industry.
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