"Banks Grapple with $650 Billion Unrealized Losses Amid Bond-Market Crash"
Big banks, including Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo, are facing approximately $650 billion in unrealized losses due to the crashing bond prices caused by the Treasury-market rout. This situation has raised concerns about another financial crisis similar to the collapse of Silicon Valley Bank earlier this year. While these losses are not the same as debt, they have negatively impacted the share prices of major financial institutions. However, some analysts believe that the worst of the Treasury-market rout may be over, as the Federal Reserve signals the end of its tightening campaign. Nonetheless, the unrealized losses continue to be a concern for Wall Street's biggest names.