
Bank bosses are hiding $600 billion in unrealized losses to keep their mega bonuses. Here’s why portfolio securities should be marked to market
Silicon Valley Financial institution (SVB) failed as a result of it invested an excessive amount of in long-term bonds that misplaced worth when rates of interest went up. That’s what our accounting guidelines encourage banks to do. As a consequence, U.S. banks, together with a few of America’s main banks, are estimated to have over…