Off Balance

US banks are in trouble, pigs invade Singapore, semiconductors are geopolitical chips, water water nowhere in West Asia

UPDATE: A simple analysis of U.S. banks’ asset exposure to a recent rise in the interest rates has implications for financial stability. The U.S. banking system’s market value of assets is US$2.2 trillion lower than suggested by their book value of assets. Almost 190 banks are at risk with potentially more than US$250 billion of insured deposits at ris…