The Banking Crisis of 2023 is Over — Time to Get Back to the Crisis of the ’20s
Gonzobanker
AUGUST 24, 2023
Rising interest rates depress the value of low-rate securities and loans. Banks had more than $500 billion in unrealized losses on their securities at the end of March. The Credit Card Competition Act of 2023 could negatively impact banks’ ability to generate interchange fees and reduce the amount of capital they issue, however.
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