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US banking crisis: Close to 190 banks could collapse, according to study

Swapna Venugopal Ramaswamy, USA TODAYComments Off on US banking crisis: Close to 190 banks could collapse, according to study

The Fed's aggressive interest rate hikes have eroded the value of bank assets such as government bonds and mortgage-backed securities.

     
Swapna Venugopal Ramaswamy, USA TODAY
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