U.S. Banks are sitting on $1.7 trillion in unrealized losses, research says

Following the recent collapse of Silicon Valley Bank and Signature Bank along with Credit Suisse ill-timed demise last week, regulators and business leaders have gone out their way to publicly assure consumers that banks are safe.  The potential for “contagion” throughout the financial system is now slim after the Federal Deposit Insurance Corp. (FDIC),[Read More…]

‘Already past the point of no return’: JPMorgan says U.S. headed for recession

Following the recent bank collapses in The United States which includes the failure of Silicon Valley Bank.  Several banks including JPMorgan Chase have re-thought their projections for a rejection despite several months of small victories against inflation and a relatively strong economy. “The Fed is facing a difficult task on Wednesday, but it is[Read More…]