Report: Hundreds of U.S. Banks at Risk of Failure in High Interest Rate EnvironmentOriginal:
U.S. banks are at risk of failure following several high-profile bank failures in 2023 and last week's collapse of Republic First bank in Philadelphia, according to a Klaros Group analysis.
The study shows that small and regional banks are under pressure due to overburdened commercial real estate lending and the current high interest rate environment. 282 of the more than 4,000 financial institutions in the U.S. are under pressure.
Brian Graham, co-founder and partner of the Klaros Group, said, "Most of these banks are not insolvent, or even close to it. they're just stressed out, and it's probably not true that so many of them will fail. but that doesn't mean that communities and consumers won't be harmed by this stress."(Bitcoin.com)
