Home > Latest > Body

FDIC warns 68 U.S. banks in danger of bankruptcy, lenders face $364 billion in unrealized losses

clock
2024-12-22 03:36:57
The number of US banks on its "troubled bank list" rose to 68 in the third quarter, the Federal Deposit Insurance Corporation said in its quarterly bank profile. In the third quarter of this year, banks lost $364 billion on their books, mainly due to their involvement in residential real estate and Treasury bonds.
The unrealized loss represents the difference between the price a bank paid for a security and the current market value of those assets. In the third quarter, the bank's paper loss decreased by $148.90 billion from $512.90 billion in the second quarter.