The future of 722 US banks hangs in the balance as they face the risk of bankruptcy, with unrealized losses exceeding 50% of their capital, according to a recent briefing from the US Federal Reserve (FED). The closures of several banks have sparked speculation about a controlled demolition of the financial system.
[DDIntel] The Fall of Banking
[DDIntel] The Fall of Banking
The future of 722 US banks hangs in the balance as they face the risk of bankruptcy, with unrealized losses exceeding 50% of their capital, according to a recent briefing from the US Federal Reserve (FED). The closures of several banks have sparked speculation about a controlled demolition of the financial system.