More than 2'000 U.S. banks are insolvent — The Telegraph
Nearly half of the 4'800 banks in the U.S. are nearly insolvent, having depleted their capital buffers, The Telegraph reported earlier this week, citing a group of banking experts.
According to Professor Amit Seru, a banking expert at Stanford University, about half of U.S. lenders are underwater.
"Let's not claim that this is just about Silicon Valley Bank and First Republic," he said. "Much of the U.S. banking system is potentially insolvent."
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