Assets of US banks are worth $2TRILLION less than accounts report and 200 banks @ risk

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The shortfall is due to 'unrealized losses' like those which triggered the collapse of Silicon Valley Bank
A run on the banks would leave customers at nearly 200 institutions facing losses of up to $300 billion
The paper suggests 'recent declines in bank asset values very significantly increased the fragility of the US banking system'

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And a run on the banks would leave customers at nearly 200 institutions facing losses of up to $300 billion, according to the paper by leading finance academics.

The paper said the value of assets across the U.S. banking system is '$2 trillion lower than suggested by their book value'. Those assets include Treasury bonds whose value has decreased significantly across the past 12 months because of an aggressive campaign of interest hikes by the Federal Reserve.

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