collapse of SVB
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FDIC Chairman: Bank of America has more than 620 billion dollars of unrealized losses
According to the report, according to Martin Glenberg, chairman of the Federal Deposit Insurance Corporation (FDIC), the unrealized losses of Bank of America exceeded 620 billion dollars. In addition, considering that the collapse of SVB is not a direct isolated event, it may become a problem for many banks in the country. Interpretation of this information: The message is highlighting a concerning issue in the banking industry and specifically with Bank of America. The Chairman of FDIC, Martin Glenberg, has reported that the unrealized losses of Bank of America have…
