Nidhi Kolhapur
Crypto Live News
Author: Nidhi Kolhapur
Author: Nidhi Kolhapur
Nidhi Kolhapur 
Author
Jun 4, 2024 10:40
Nidhi Kolhapur
Author
The latest Quarterly Banking Profile from the FDIC revealed that the US banking system has experienced an increase in unrealized losses,reaching $517 billion. This rise is primarily driven by higher mortgage rates impacting residential mortgage-backed securities. This quarter marks the ninth consecutive increase in losses since the Federal Reserve began its rate hikes in early 2022. Additionally,the number of lenders on the FDIC’s Problem Bank List has risen to 63,indicating a higher risk of insolvency. While the overall banking system remains stable,the FDIC has warned of challenges stemming from inflation,market volatility,and geopolitical tensions,which could potentially affect credit quality and liquidity.
