The Banking Crisis of 2023 is Over — Time to Get Back to the Crisis of the ’20s
Gonzobanker
AUGUST 24, 2023
High interest rates have forced many banks to pay more to retain deposits (often via brokered deposits), while many institutions have seen deposits flee to higher-yielding money market funds. Banks had more than $500 billion in unrealized losses on their securities at the end of March. Bond losses.
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