<story><title>US banks have $620B of unrealized losses on their books</title><url>https://www.bloomberg.com/graphics/2023-svb-exposed-risks-banks/</url></story><parent_chain></parent_chain><comment><author>winkywooster</author><text>&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;archive.is&amp;#x2F;F0HsE&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;archive.is&amp;#x2F;F0HsE&lt;/a&gt;</text></comment>
<story><title>US banks have $620B of unrealized losses on their books</title><url>https://www.bloomberg.com/graphics/2023-svb-exposed-risks-banks/</url></story><parent_chain></parent_chain><comment><author>0xADADA</author><text>Banks also have a &lt;i&gt;MASSIVE&lt;/i&gt; amount of CRE Commercial Real Estate (office buildings) that are completely empty, without lease payments flowing in, and since COVID-19 has shifted knowledge work to remote-first in many cities, these office will be empty for a long time.&lt;p&gt;The CRE bubble is going to burst in the next 18 months as the 5-year commercial office leases signed in 2017+ are all going to come to an end, and the banks will be realizing these losses starting now and the next few years. Its going to get ugly soon.</text></comment>