Big Banks Drown in $172B of Unrealized Losses: A Financial Fiasco 🏦💰
JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup, according to the ever-watchful eye of S&P Global, are collectively holding a staggering $172.28 billion in unrealized losses on their HTM securities as of March 31st. That’s more than the GDP of some small countries, and it’s not exactly the kind of wealth you can flaunt at a cocktail party.