U.S. banks trim paper losses to $395B in Q2, FDIC says

1 hour ago 1
Entrance to The Federal Deposit Insurance Corporation (FDIC) in Washington DC.

JHVEPhoto

U.S. banks' unrealized losses on investment securities eased to $395.3B in the second quarter, down 4.3% sequentially, the Federal Deposit Insurance Corp. said on Tuesday, although some pockets of weakness persisted.

The decline reflects the gradual runoff of older, low-yield bonds

Recommended For You

More Trending News

Read Entire Article