An update on the U.S. banking sector

Regional banks keep on sinking

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 deepens, 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.