What it Means If Big Banks are Miscalculating their Losses

Big international banks calculations on unrealised losses are being questioned as to that might affect liquidity for customers in an economic downturn. Potentially, it has huge ramifications for their customers. How could it potentially affect the entire global banking system?

Show notes:

JPMorgan Chase, Bank of America and Citibank Flagged for Holding Trillions of Dollars in Derivatives Without Proper Contingency Plans: Report
https://dailyhodl.com/2024/06/22/jpmorgan-chase-bank-of-america-and-citibank-flagged-for-holding-trillions-of-dollars-in-derivatives-without-proper-contingency-plans/amp/

Lockbit 3.0 Claims Attack on Federal Reserve: 33 Terabytes of Sensitive Data Allegedly Compromised
Pietro Melillo : 24 June 2024 07:32
https://www.redhotcyber.com/en/post/lockbit-3-0-claims-attack-on-federal-reserve-33-terabytes-of-sensitive-data-allegedly-compromised/

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