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The entrance of a building with the FDIC logo on the floor.
An FDIC supervisor invited his staff to a strip club, according to a recent report from The Wall Street Journal.

Anadolu Agency

  • High interest rates continue to put pressure on the US banking system. 
  • The FDIC said the US banking system has 63 "problem banks" and is sitting on $517 billion in unrealized losses.
  • Upward pressure on mortgage rates has significantly hurt the banking sector.

More than a year after the downfall of Silicon Valley Bank, higher interest rates are still putting pressure on the US banking system.

Tags
finance, Markets, stock-markets, interest-rates, FDIC, us-banks, Markets, Bonds, Mortgages
Source
Higher interest rates have created 63 'problem banks' and $517 billion in unrea…