4 US Banks with Bigger Unrealized Losses than their Equity Capital

- Many US banks experienced losses exceeding 50% of their equity capital - A report found over 50 banks affected - No specific company names or stock tickers mentioned - Banks have seen unbooked losses on their investment securities portfolios exceed at least 50% of their capital equity - Aggregate unbooked losses in banks across the country rose to $517 billion at the end of the first quarter of 2024 - Republic First Bank is no longer the top bank on the list due to federal regulators shutting it down - Rising interest rates have negatively affected bank balance sheets - Banks facing significant risks include Union City SVGS Bank, Citizens ST Bank, Green Dot Bank, and First America TR - Larger banks like Charles Schwab, USAA Federal Savings Bank, and Bank of America NA also have unbooked security losses exceeding their equity capital - Banks will likely see greater losses in the second quarter due to rising treasury yield rates