The most confusing term in accounting:
Stock-Based Compensation
How does it work? Why is it controversial?
Here’s a complete overview (in plain English):
All banks are sitting on major securities losses.
The Big 4 US banks have a combined $211.5 billion in unrealized losses, BofA alone is stomaching 1/3 of it.
Regionals are getting slaughtered due to their small deposit bases, but large banks have these holes too.
Bananas 🍌
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