190 banks are in a complicated situation and are on the verge of bankruptcy
A study finally confirmed less encouraging data for several North American banks and confirmed the high risk of insolvency.
The study was conducted by Columbia, Stanford, Kellogg School and Chicago Booth faculties, which are among the most prestigious in the United States.
According to the survey, around 190 US banks could be at risk of bankruptcy, pointing to a deep crisis in the country’s banking sector.
What are the causes of the crisis?
According to research data, this entire crisis has resulted in the Federal Reserve (Fed, the US Federal Reserve) raising interest rates and the market value of the assets of the average bank in the country is about 9% below their paper value.
The household appliance chain was granted a sad bankruptcy (Reproduction: TV Focus montage)
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Bank branches will be closed on this holiday (Photo: Reproduction / Internet)
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To give you an idea of the situation, the US banking system has accumulated $2.2 trillion in unrealized losses in the last year alone, providing further evidence that these financial institutions are at great risk of bankruptcy.
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The research was also corroborated by another study, this time published on the Social Science Research Network, which also came to similar conclusions, demonstrating the serious risk of bankruptcy in the country’s banks.
In short, the US government must respond and allow lower interest rates to stem the severe financial crisis that threatens to hurt these companies.
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