GnS Economics Newsletter

GnS Economics Newsletter

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GnS Economics Newsletter
GnS Economics Newsletter
An update on the U.S. banking sector

An update on the U.S. banking sector

Regional banks keep on sinking

Tuomas Malinen's avatar
Tuomas Malinen
May 22, 2024
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GnS Economics Newsletter
GnS Economics Newsletter
An update on the U.S. banking sector
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From Tuomas Malinen’s Forecasting Newsletter.

Issues discussed:

  • The situation in U.S. banks “underwater”, i.e. in banks operating with negative equity, has continued to deteriorate.

  • I provide a list of those banks. Personally, I would not hold money in any of the 13 banks listed.

  • The ‘doom loop’ of regional banks continue, with many of them increasing their stake in the collapsing U.S. commercial real estate sector.

  • We will provide a more detailed analysis on the CRE exposure of U.S. banks in the GnS Economics Newsletter in the coming weeks.

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