Featured Story
$40,000,000,000 in Unrealized Losses Hits JPMorgan Chase As Bank of America, Wells Fargo and Citigroup Face Exposure to US Treasuries: Report
BanksterCrime:
According to a recent analysis on the company’s entire balance sheet, JPMorgan Chase has quietly revealed tens of billions of dollars in losses on securities.
According to Barron’s, the banking giant is now saddled with about $40 billion in unrealized bond losses as of the third quarter of this year, a 20% increase over the previous quarter.
The fresh figures, which were revealed in a footnote to the company’s third-quarter financial supplement, were larger than the predicted $34 billion loss.
The announcement comes on the heels of a recent quarterly report from Bank of America, which revealed that the company now has a total of $131.6 billion in unrealized losses.
Although Wells Fargo and Citigroup reported third-quarter profitability, they have yet to release the most recent data on their own unrealized losses.
Wells Fargo reported $40 billion in unrealized bond market losses in the second quarter of this year, while Citigroup reported $25 billion in paper losses.
The risks of unrealized losses were brought to light earlier this year with the failure of Silicon Valley Bank.
The bank’s abrupt demise in March was precipitated by a statement that it had incurred a $1.8 billion loss from the sale of a section of its underwater bond portfolio.
According to Reuters, Moody’s believes that the US banking industry is facing $650 billion in unrealized losses.
These losses are the result of a historic bond sell-off in response to the Fed’s attempt to maintain interest rates higher for longer.
HNewsWire: By Pam Martens and Russ Martens: It took eight years of research to compile a data set of annual balance sheets of more than 11,000 commercial banks dating back to 1870 in 17 advanced economies. And in every country, the study arrived at the same finding: concentrating the banking system in the hands of five or less giant banks leads to financial instability and more severe financial crises. The bank balance sheets of the following countries were examined: Australia, Belgium, Canada, Denmark, Finland, France, Germany, Italy, Japan, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, the United Kingdom, and the United States. The 150-year banking study is titled: “Survival of the Biggest: Large Banks and Financial Crises.” Its authors are Matthew Baron of Cornell University; Moritz Schularick of the Kiel Institute for the World Economy and Sciences; and Kaspar Zimmermann of the…Read More
HNewsWire: “The underlying financial weaknesses in the U.S. banking industry are widespread, and the FDIC’s newly expanded guarantee of all deposits does nothing to protect shareholders in bank holding companies, who could still lose most or all of their money,” the group said. Weiss Research Inc., one of the most accredited and well-respected independent rating agency, is sounding-off that an astronomical number of American banks will collapse because they are insolvent. According to this rating firm, after analyzing the books and balance sheets of the Federal Reserve and banking institutions, Weiss Research claims that a monstrous 5,274 banks and credit unions have the potential to collapse. To put the number into perspective, there is are 9,457 banks and credit unions in total exist in the United States. This is almost 56% of all the financial institutions in the U.S. According…
Read MoreWatchman: Cryptocurrency Banks Are Being Targeted. The White House Targets Cryptocurrencies and Calls for Stronger Enforcement by Regulators-They (Gov) Don’t Want to Lose Their Monopoly Edit
By StevieRay Hansen | September 20, 2023 |
HNewsWire: Despite President Biden and US Treasury Secretary Janet Yellen telling Americans that the US banking system is “safe and sound,” Moody’s Investors Service announced today that it had downgraded the US banking system to “negative” from “stable” to reflect “the rapid deterioration in the operating environment.” They also said today that they, along with five other regional banks, were investigating First Republic’s debt rating for a possible downgrade. Moody’s Investors Service downgraded the US banking sector to negative from stable on Tuesday, citing “rapid deterioration in the operating environment” as a result of deposit runs and the collapses of Silicon Valley Bank, Signature Bank, and Silvergate Bank. S&P Global Ratings is reviewing First Republic Bank’s A-minus rating. Moody’s stated it was looking into downgrading First Republic’s debt rating, along with five other regional banks. Debt downgrades often increase the…
Read MoreRevelation: A Blueprint for the Great Tribulation
A Watchman Is Awakened
The Future Has Already Been Written
Will Putin Fulfill Biblical Prophecy and Attack Israel?
You Can’t Put Lipstick on a Pig Forever–First Came the Hype; Then Came Adam Neumann’s Self-Dealing; Then Came the IPO Scandal; Now Comes the Bankruptcy
By StevieRay Hansen | November 4, 2023
U.S. SEC Subpoenas PayPal About USD Stablecoin
By StevieRay Hansen | November 3, 2023
17 Attorneys General and Two Claimants File Objections to JPMorgan Chase’s Tricked Up Settlement with Jeffrey Epstein Victims
By StevieRay Hansen | November 2, 2023
After Two Years, There’s Still No Law Enforcement Report on Former Dallas Fed President Robert Kaplan’s Trading Like a Hedge Fund Kingpin
By StevieRay Hansen | November 1, 2023
Jamie Dimon Craters Bank Stocks on Friday with Plans to Sell One Million Shares of JPMorgan Chase; Warren Buffet Isn’t Smiling
By StevieRay Hansen | October 31, 2023
Sam Bankman-Fried Implied His Friends Lied About His Role in FTX’s Collapse
By StevieRay Hansen | October 30, 2023
Don't Miss
2/3/24: Which Banks Are In Trouble In 2024?
BanksterCrime: The worst banks in America of 2024 It’s important to keep in mind that even if a bank is featured here, that doesn’t mean…
3/1/24: The Fed Pretends to Send a Warning to Wall Street’s Mega Banks on Derivatives and Counterparty Risk
BanksterCrime: By Pam Martens and Russ Martens: On Tuesday, the Vice Chair for Supervision at the Federal Reserve, Michael Barr, delivered a speech at a risk management…
2/29/24: David Boies, Is the Epstein Beast Banking System a House of Cards? Jamie Dimon Just Paid $87 Million for This. It Was Constructed on the Backs of Child Sex Trafficking Worldwide
By SRH, Is the Epstein Beast Banking System a House of Cards? It was built on the backs of child sex trafficking around the world.…
2/27/24: all-American” Companies That Are Now Internationally-Owned
By SRH, There are many well-known enterprises that are considered typically American. These firms provided some of the best services and products the world has…
2/27/24: Jamie Dimon and Nine of His Top Executives at Jpmorgan Chase Have Dumped Over $150 Million of Their Jpmorgan Stock in Last Two Months
By Pam Martens and Russ Martens: According to Form 4 filed with the Securities and Exchange Commission by corporate insiders, ten of the key executives at the…
