US Banks Are Insolvent

Report: Over 2,000 US Banks Are Insolvent

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TEHRAN (FNA)- Almost half of the 4,800 banks in the US are nearly insolvent, as they have burned through their capital buffers, The Telegraph reported, citing a group of banking experts. According to Professor Amit Seru, a banking expert at Stanford University, around half of US lenders are underwater. “Let’s not pretend that this is … Read more