Home News Why Banks in the U.S. Are Quietly Panicking

Why Banks in the U.S. Are Quietly Panicking

January 17, 2025

Bank of America released its quarterly earnings report this morning, bright and early at 6:45am. And according to their newest financial statements, the bank is currently sitting on a whopping $112 BILLION in net unrealized bond losses.

To say this is atrocious would be a massive understatement. Yet Bank of America had the audacity to say that their “balance sheet remained strong” throughout 2024.

What a hilarious fiction. Do they seriously think that no one will notice $112 billion in bond losses— nearly FIFTY SEVEN PERCENT of the bank’s tangible common equity? How stupid do they think people are?

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