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The Atlantis Report, 12/7/23
"This Is Unbelievably Bad News For Banks"
"Unrealized losses are the unspoken nightmare of the Banking sector. Analysts estimate that the securities portfolios of U.S. banks may be facing unrealized losses totaling at least $650 billion. The stakes are high; banks are in deep trouble, and there’s no saving in sight. Wolf Street recently reported that unrealized losses on securities held by banks had jumped by 22% to 684 Billion dollars in Q3. As per the latest quarterly bank data release from the FDIC, there has been a significant surge in unrealized losses within the financial landscape. Notably, unrealized losses on held-to-maturity securities saw a sharp increase of 81 billion dollars compared to the preceding quarter, reaching a total of 391 billion dollars. Simultaneously, unrealized losses on available-for-sale securities experienced a noteworthy uptick, rising by 45 billion dollars from the previous quarter to a total of 293 billion dollars."
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