America’s $620 Billion Ticking Time Bomb: FDIC Reveals the Extraordinary Amount of ‘Unrealized Losses’ Across U.S. Banks Amid Fears More Will Collapse After the Sudden Failure of SVB And Signature

• America’s $620 Billion Ticking Time Bomb: FDIC Reveals the Extraordinary Amount of ‘Unrealized Losses’ Across U.S. Banks Amid Fears More Will Collapse After the Sudden Failure of SVB And Signature
  by HARRIET ALEXANDER FOR DAILYMAIL.COM, https://www.dailymail.co.uk/home/index.html
  * Martin Gruenberg, chair of the Federal Deposit Insurance Corporation (FDIC) spoke on March 6 at the Institute of International Bankers 
  * Gruenberg revealed $620 billion in ‘unrealized losses’ at US banks and financial institutions – when an asset’s value has decreased, but it has not yet been sold
  * On Sunday evening the Federal Reserve announced those with deposits in collapsed Silicon Valley Bank would get all their money back
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  Banks across America are sitting on $620 billion of ‘unrealized losses’ – assets which have decreased in value but have not yet been sold – – the head of the Federal Deposit Insurance Corporation warned. News of the worrying shortfall came amid the closure of Silicon Valley Bank – the largest collapse since Washington Mutual in 2008. As the government scrambles to prevent contagion, the Federal Reserve announced on Sunday night that all depositors would get their money back.
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