The Fed Claims the Banking System is " Sound and Resilient. " The Banks ' Balance Sheets Say Otherwise

The wordsmiths at the Federal Reserve wisely omitted the line about a “sound and resilient” banking system in its statement on January 31. That same day shares of New York Community Bank plunged when the bank announced a loss of thirty-six cents per share when analysts expected earnings of…#federalreserve #newyorkcommunitybank #internal #suzannahcavanagh #johnpinto #financialcrisis #tokyo #aozorabank #juliusbaer #austrian

Source: Reuters: Health - February 10, 2024 Category: Consumer Health News Source Type: news