XLF - Even The FDIC Is Getting Worried About Banks
2024-04-12 08:00:00 ET
Summary
- Over the last two years, we have been highlighting a number of issues that reside on many bank balance sheets.
- The FDIC is starting to see these issues in their recent data.
- You have to engage in due diligence regarding the banks that house your hard-earned money to make sure you are not caught during a banking crisis.
The FDIC has recently published its Quarterly Banking Profile for the fourth quarter of 2023. In our view, this report looks quite interesting as it has further revealed a number of issues in the U.S. banking system. Of course, for everyone who's following our banking articles, these problems should not come as a surprise, as we have been warning our readers of these issues for the past two years....
Even The FDIC Is Getting Worried About Banks