Another subprime crisis in the making? American banks sitting on $750 billion in losses on realty debt-related securities; here are sectors most vulnerable
- Posted on October 29, 2024
- By Business News Today
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Another subprime crisis in the making? American banks sitting on $750 billion in losses on realty debt-related securities; here are sectors most vulnerable
There could be a repeat of the 2008 financial crisis in the US, if necessary remedies are not adapted at the earliest, claim multiple market analysts. American banks at this point are facing a major loss in revenue, especially on realty debt-related securities. Here's what we know.
