Nearly 200 Banks At Risk of Collapsing Just Like Silicon Valley Bank — Report

[Manuel Tavares]

Nearly 200 Banks At Risk of Collapsing Just Like Silicon Valley Bank — Report
Posted on 03/20/2023 by EraOfLight — https://eraoflight.com/2023/03/20/nearly-200-banks-at-risk-of-collapsing-just-like-silicon-valley-bank-report/

Posted here by http://violetflame.biz.ly/ +@ https://gab.com/active_me
Reminder discernment is recommended.

186 U.S. banks are risk of insolvency and may collapse similar to the way Silicon Valley Bank went bankrupt last week, according to an international economic report.

A study by four economists from top universities posted to the Social Science Research Network on March 13 claimed that Federal Reserve interest rate hikes have devalued assets like U.S. Treasuries held by these banks.

“From March 07, 2022, to March 6, 2023, the federal funds rate rose sharply from 0.08% to 4.57%, and this increase was accompanied by quantitative tightening. As a result, long-dated assets similar to those held on bank balance sheets experienced significant value declines during the same period,” they wrote.....+
https://eraoflight.com/2023/03/20/nearly-200-banks-at-risk-of-collapsing-just-like-silicon-valley-bank-report/