Trump appointed FDIC chair decided to hide how bad the banking sector is going forward as problems mount. https://t.co/C1U1qjyTfA
🚨 a big bank is going on the “problem bank list” but they changed the reporting to hide who it is 🚨 https://t.co/JQbVBWllzn
For the first time since 1990, the FDIC will no longer report aggregate assets of problem banks. FDIC Acting Chairman Travis Hill has issued the accompanying statement: https://t.co/PvVL3SXLXP https://t.co/U0RXNJaFTW

The Federal Deposit Insurance Corporation (FDIC) has ceased publishing the total assets of banks on its problem bank list, a move that has raised concerns about transparency in the banking sector. This decision, announced by FDIC Acting Chairman Travis Hill, marks the first time since 1990 that such aggregate data will not be reported. The FDIC cited potential risks of triggering a 'disorderly run' on banks as a reason for the change. Additionally, unrealized losses among FDIC-insured banks have reportedly decreased to $364 billion in the third quarter of 2024, the lowest level since the first quarter of 2022. However, these losses are expected to worsen in the fourth quarter due to fluctuations in 30-year mortgage rates and 10-year Treasury yields. The FDIC's quarterly update on the health of the banking system will not include a traditional press conference to discuss the results, further limiting public insight into the state of the banking sector.





