Following the aftermath of the United States’ three major bank collapses, several market observers argue that the banking crisis in the country persists. Bank of America has recently garnered significant attention, with the Federal Deposit Insurance Corporation (FDIC) reporting that the financial behemoth incurred paper losses exceeding $100 billion by the close of the first quarter.
Unrealized Losses Haunt Bank of America: $109 Billion and Counting
The banking industry remains under scrutiny as U.S. banks grapple with hundreds of billions in unrealized losses, with some estimates reaching as high as $1.7 trillion. Attention has particularly turned to Bank of America (NYSE: BAC), the second-largest financial institution in the United States boasting an estimated balance sheet of around $2.39 trillion.
Recently, the FDIC released data indicating that Bank of America is confronting a loss of approximately $109 billion. During the Covid-19 pandemic, when interest rates were low and fund
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