U.S. banks’ unrealized losses soar to 7 times 2008 crisis levels

U.S. banks are taking massive hits, with unrealized losses on their securities skyrocketing to $750 billion by Q3 of 2024. That’s seven times higher than the unrealized losses reported during the 2008 financial crisis, where banks faced $100 billion in losses. These losses are tied directly to securities that banks had previously acquired, particularly their

Source: Cryptopolitan