Why This Isn’t SVB… Yet
The FDIC just revealed $413 billion in hidden bond losses—$172 billion at the Big Four alone—plus surging CRE delinquencies that could trigger the next liquidity crunch.
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America’s Banks Are Sitting on $413 Billion in Hidden Losses—And the Clock Is Ticking
SVB failed with over $1.8 billion in bond losses. Today, the FDIC reports that $413 billion remains outstanding across U.S. banks, with $172 billion held by the Big Four alone.
The FDIC’s Q1 2025 report confirmed what the Big Four hoped you wouldn’t notice:
$413 billion in unrealized bond losses still sit on U.S. bank balance sheets.
CRE delinquencies just hit 4.65%, the highest since 2014, concentrated at the largest banks.
Maturities? Not until 2029–2032. Liquidity? Trapped in low-yield bonds.
Add rising CRE stress and any liquidity squeeze could force bond sales, instantly turning paper losses into real capital hits.
In the full post:
How FDIC’s data shows temporary Q1 relief already reversed.
Why Bank of America is the most rate‑trapped.
The CRE-to-liquidity domino that could spark the next bank run.
Wells Fargo’s earnings reveal the first cracks in net interest margins.
Five charts exposing the hidden drag across the entire sector.