20 July 2023
Four months after the failure of Silicon Valley Bank and Signature Bank, the financial crisis sparked by Federal Reserve rate hikes continues to simmer under the surface. As of the end of the first quarter, Bank of America had over $100 billion in unrealized losses on its bond portfolio. This is the exact problem that […]
The post Massive Bank of America Paper Losses Underscore Problems in the Banking System first appeared on SchiffGold.