Remember, BAC had the largest unrealised losses on bond holdings for all the banks last year - $600 billion I think. I am not sure how they are doing of late (maybe closed a few during the Sept 24 yield drop). Any major moves above the 5% yield mark will have a considerable impact again on those potential losses.
As the bank stated, there is no issue unless there is a run on their money held in their deposits.
That's unlikely to occur right? No wonder they wanted everyone oncrypto andCBDC last year. They can control how much money you can access and therefore a bank run can't occur. Now what would cause a bank run? Maybe being told you need to repay your loan in 30 days as the value of your property is below the 85% lending valuation against the loan. Nahhh.. Never...
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