Will US Banks Fall Further? Read & Decide.
@JC888：
When I came across the post on US regulator FDIC (see below). it sets me thinking. For sure, US banks or at least the regional ones are still in the woods; not out of it yet. HOW SO? Briefly, The U.S. government is looking to offload nearly $13 Billion of mortgage bonds it amassed from collapsed banks - Silicon Valley Bank (SVB) and Signature Bank following FDIC seizure of the lenders back in March 2023. The mortgage bonds were backed by long-term, low-rate loans made primarily to developers building affordable apartments. The bonds were part of the $114 Billion of assets that the Federal Deposit Insurance Corp (FDIC) picked up when it took over SVB and Signature in March 2023, this year. In April 2023, FDIC outsourced to BlackRock unit Financial Market Advisory to sell the securities port